How completely has streaming transformed the music world? The platform rose from 7% of the U.S. market in 2010 to a whopping 83% by the end of 2020 — and recorded-music revenues saw their fifth consecutive year of growth, topping $12.2 billion. It’s no overstatement to say that streaming saved the recorded-music business, and that global market leader Spotify led the charge toward the stability and growth that the industry is enjoying today.
Source: 15 Years of Spotify: How the Streaming Giant Has Changed and Reinvented the Music Industry