Gone are the days of downloading FrostWire and LimeWire to your desktop leading you to inevitably crash your computer. And short lived are the days of you spending time converting YouTube videos to MP3s. If the feds are reading, chill bro. I’m only speculating. To the rest of you, I know you don’t miss how time consuming it used to be updating your music library. I can bet that you definitely don’t miss spending money on iTunes every other week either. Some of us still use the method of digitally downloading music, legally or illegally. Many of us, however, now have subscriptions to music streaming sites. Apple Music is my guilty pleasure, and I would spend my last $10 to make sure I have access to it every month.
It seems like only yesterday I was daydreaming of having a shelf full of CDs in my room when I got older. Now, I couldn’t imagine having that clutter in my room. Could digital downloads soon become a distant memory too? CD sales and album downloads have declined since the introduction of music streaming. It seems as though people are more interested in having music on-demand, rather than owning it for themselves. Millions have subscribed to Apple Music since it’s debut in late June last year and, according to Statista, Spotify continues to be the leader in the music streaming market with a staggering 25 to 30 million monthly listeners. Jay-Z also took a venture into the music streaming business giving the world Tidal in March last year, hitting 1 million users only a few months in. Vinyl sales are even fairing out better than albums and digital downloads. We can all thank Tumblr for that oddity I’m sure. The chart below illustrates the year-over-year change in music consumption in the U.S.
You will find more statistics at Statista
So, what do you think? Will we still be downloading albums and singles 15 years from now? I don’t think so, but we’ll see. Someone should totally remind me about this post when I’m 38-years-old.