Interesting to note is that while Spotify continues to dominate, the latest numbers are actually a drop from 33% in 2020, which is a small but noticeable decrease. In Q2 2019, Spotify had 34% of the market, so the drop has been happening for a couple of years now.
According to Midia Research, there are a total of 523.9 million total music streaming subscribers in Q2 2021. If that number is accurate, that means Spotify had about 162.4 million subscribers paying for its music streaming service as of Q2 2021. That total number is up 109.5 million over the same time in 2020, so a lot of users signed up for premium music streaming services.
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