The forecast trends of music streaming market revenue are predicted to upscale by $ 7.47 billion from the year 2021 to 2025. It has a progressing CAGR value rise of about 19% during the witnessed period.
No wonder why music streaming industry is popularly revolutionizing?
It’s because primarily the music companies/bands are seeking to invest in the music streaming industry across the globe which is a result to acquire profitable revenue.
However, the craze over music is a perpetual process where the majority of music listeners are constantly are on music applications to enjoy the rhythm in their headphones just within a matter of clicks.
Certainly, the growth of music listeners’ auditory is progressively transforming the entire Music Consumer Market. This has directed to mushroom some global music application giants like Spotify, SoundCloud, etc. These promising facts are the reasons that entice every aspired broadcasting professional to build a music streaming app just like Spotify.
But before getting into the action of creating your own audio streaming platform, let us take a look at who is actually ruling the overflowing music streaming market.
So how to create digital music streaming application of your own?
There’s no denying secret of what actually Spotify brings to you, cuz it has millions of music in its unique pack. The streaming service provides innumerable music audio mixes where there is no cost for a certain limit of their delivered services.
This digital cross-platform music streaming platform has approx 70 million paying subscribers globally which generated a revenue of about 4.09 billion euros.
Spotify – The Platform that Redefined Music
Spotify is a music streaming app that not only has a humongous number of users but also carries net worth of a whopping$24 dollars as of April 2021.
The features Spotify has adorned itself & smoothly compatible with its algorithm that it delivers 1000s of music tracks on any given instant, on a global scale.
- Registration & Social Login:
Accessing the most loaded music streaming platform is simple as you think, with all kinds of personalization and base information, registration on the live audio streaming platform is free and convenient through social media networks for further subscriptions.
- User Profile & Authorization:
Embedded with endpoints to retrieve complete data about the user’s profile and authorization of every user with their similar database such as email address, password, etc. to minimize spam interferences.
An interesting feature in the radio streaming software allows the user’s to stay up-to-date on the recent release of blockbuster tracks. Users can listen to the latest album at any time on different music tracks.
- Effective Search Tab & Organization:
A Personalized platform to manage every track on the user-specific taste for an effective comfort zone. Users can discover up to n number of tracks and pinpoint the favorites.
Listening of most liked audio playbacks endlessly through managing the user’s entire playlist by saving and editing melody tracks through online or offline mode.
Listening to the chosen track at any time without the use of the Internet is applicable through offline availability – downloading on any device.
Earning on every audio streaming solution is applicable through advertisement by offering banners or videos & is certainly the key for Spotify to magnify the revenue.
A must feature to connect users with the application in order to get the most out of recent updates form Artist, Community and Friends on the application circle.
Let your friends listen to your favorite tracks by inviting your friends circle from Social Media or Email Addresses to enjoy every track on the list.
An appreciating feature that assists in rewarding every lyricist that adds an extra bonus of credits and encouragement and also to discover who produced your favorite music.
A Surprisingly Good Way to Build Your Music Streaming Website
There are thousands of audio streaming platforms available in the market but only a small number of streaming service providers make their journey to reap a huge revenue. Thus such music streaming applications are built only by reputed audio service providers by implementing next-gen technologies and strategies.
“Relying on reputed music streaming solution providers are the key act to start your own white label music streaming platform!”
Introducing CONTUS VPlayed, a dominant player in providing customizable music streaming solutions globally. CONTUS VPlayed is known for its advanced technology like microservice architecture that delivers a complete peerless music streaming service.
What Makes CONTUS VPlayed to Stand out in the Crowded Music Streaming Market?
- Surpassing Technology Stack at its Core:
CONTUS VPlayed is predominantly equipped with advanced technologies such as PVNS, QTSS for streaming servers. Besides that, HLS and RTMP protocols are facilitated for broadcasting music tracks, AWS, Minio & provide a complete audio streaming solution. Azure Storage is utilized for end-to-end scalability and some data management tools to accelerate the flow of streaming mixes.
Also, CONTUS VPlayed delivers the best music broadcasting experience using robust audio streaming software to the users on all the platforms.
Most of the listeners are not aware of the memory cache whereas CONTUS VPlayed uses a specific area of your system to hold the latest data processing downloaded from the web or from nearby spotify users as quickly as it can.
This processing can enhance the music listening experience by delivering flawless playback streaming capability without any buffering. Spotify’s music streaming tracks are positioned in different locations thus minimizing the database of the streaming. To put it simply, it takes a huge number of processes to stream a particular audio number from millions of servers.
CONTUS VPlayed is inbuilt with Amazon Cloud Storage using live audio streaming software in order to provide endless scalability to store, manage and broadcast every music track to the right audience.
A real-time chat functionality to share your views with friends within the music streaming app triggered with image/text sharing functionalities.
Ideal HTML5 player embedded with adaptive bitrate streaming creates the possibility to deliver high-quality audio streaming with startling features that performs on multiple platforms.
An intuitive platform to share your most-liked audios, playlists with friends privately or publicly and to view on what your connection shares.
Club with your favorite creators! CONTUS VPlayed offers eye-popping partnership schemes where external/independent creators can stream on your audio streaming platform. Go for a win-win situation!
The Monetization Modules that CONTUS VPlayed Offers to Upscale Your Revenue
Run unlimited advertisements in the form of Images or Videos in between the streaming tracks using an audio streaming server to aggrandize your revenue based on the number of users converted through potential ads.
- Premium Monetization Model:
Reap money for every blockbuster music track or specific content by applying a premium subscription allowing users to get access to certain music only through a subscription package.
So, Finally How much does it cost to build a Music Streaming App/Website?
To put it simply, On determining the potential features and customization using audio streaming software, the cost differs in its entirety. Every other music streaming solution provider apparently charges for complexities involved in developing the application but CONTUS VPlayed estimates the cost based on the Cloud Storage Cost and Music Streaming Licensing.
Accomplishment of every other music streaming website utterly depends on the technologies & features that perform key roles in generating revenue.
CONTUS VPlayed has that potentiality and follows the agile process to bring your next-generation music streaming on every device globally. We urge the latest technology in the right logical pattern and upgradable features to put your music streaming website updated for modern streaming services.
Frequently Asked Questions(FAQ)
1. Why is it necessary to create a music streaming platform?
Streaming has been popular among individuals & the mode of listening to music has diversified than ever before. This makes it easier for smaller and independent musicians to approach audiences & get their music recognized. Therefore, as music broadcasters in the elimination of music piracy largely, you can own a music streaming platform, & elevate your revenue stocks with a lifetime platform ownership.
2. How secure is the music streaming solution?
Recently, with the boom of streaming solutions, there comes a volatile hotbed for content creators and broadcasters. So, amidst the data security & theft environment, many OTT platform providers establish obfuscating encryption & provide piracy layers like Multi-DRM systems, Geo-based restrictions, Integrated paywall, Password Protection Unauthorized Access and much more.