![]() ![]() Instead, the music streaming space is now diversifying to include more musical niches, audiophile experiences, and apps like TikTok. Then again, not every Spotify alternative platform is aiming to be the biggest or the baddest. Despite adding the most net subscribers of any music-streaming service between Q1 2020 and Q1 2021, Spotify is slowly losing market share to rivals like YouTube Music, Tencent Music, and Amazon Music. The company revealed 660 million subscribers across its premium subscription services portfolio, which includes Apple Music.Įven more worrying for Spotify, a recently-published report by MiDIA noted that streaming competition is intensifying. Either way, Apple Music remains a serious global competitor. ![]()
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