The Future of the Music Industry

The Music Industry - The Future of Listening

I truly believe that the entirety of music will be switching to streaming. With how quickly streaming has advanced, and how much music is now streamed compared to other sources, I believe that eventually everyone will be transferring to streaming for its ease of access and its improving audio quality. Even now, according to the IFPI Global Music Report, 69 percent of music listeners are using streaming services, which I think will only grow with time. Additionally, I believe that it is possible that at some point in the somewhat near future, cars will remove both AM and FM radio, and will adopt an Apple play style smart screen for all streaming. This is obviously not a guarantee as people have been upset at the removal of AM radio in cars, but with how popular and used music streaming has been, I feel as though Spotify, Apple Music, and other streaming software will be built into cars. With how easy to use Apple and Android Car Play are, I feel as though this style of software will start being pre-built into cars, which will allow users to connect their accounts directly to their cars without having to connect their phones. On top of this, as morbid as it may be, once some of the older generations move on and the newer generations fill that spot, since they had been more exposed to streaming they may be more inclined to getting rid of radio as a whole and fully adopting streaming. I’m not sure what could surpass streaming with how convenient it is, but there can of course be a new advancement in the future that nobody could see coming, in the same way that streaming was something nobody would have imagined back in the age of the record player. Overall, I see the ease of use and expansive library of streaming taking over every other source of music, and becoming a staple to all music listening in the way that radio has been for years.