When it comes to international competitors, Spotify has 4 of in total, although not all of them are really offering the exact same product Spotify does.
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First of all there is YouTube, a site where everyone can upload videos. YouTube is one of the most know internet sites in the world, and has over 1 billion unique visitors each month. Although YouTube is a great success, it isn’t really a big threat to Spotify, as it hasn’t really got the same features. YouTube offers free videos, so also free music videos. It has no program of his own on computer, so when you want to listen to music, you need to enter the site using the internet. Furthermore, it is way less user-friendly if you look at the music aspect. Accounts have to enter the name of the song they want to hear each time they want to hear it. There is a possibility to make a playlist when you’ve made a free YouTube account, but the features of that playlist are limited to adding or deleting songs out of it, without any other options. Also, YouTube submissions have got advertisements linked to them, so you could end up using commercials instead of music. Although YouTube is the largest video platform in the world, it is no real music only platform, and poses no real threat to Spotify.
For this, I handpicked a collection of copyright-free pictures that match the Spotify vibe in addition to a cool list of the color combinations that work together well and gives good looking results. 🚀 Spotiplus is launched today, you could find it on Playstore by typing Spotiplus or use this direct link ( link ). Spotify’s total revenue for Q3 of 2019 was $1,9 billion. (Source: Spotify) That result marked a 28% growth, compared to Q3 for 2018 when it was $1,514 million. All About the Music. Year after year, Spotify’s influence over the music streaming market keeps growing. It continuously outperforms its competitors in terms of subscriber.
The second competitor of Spotify is iTunes, where you can listen to music by buying it in the iStore. iTunes offers more or less the same product as Spotify, but the main difference is that you have to buy songs on iTunes, so basically you pay for every song you want to listen to. It is quite an expensive program, but on the other hand one can put the songs on various appliances or even a CD when they have downloaded it. Initially both programs offer quality products at a certain price, but Spotify does it in a more reasonable way as they keep it affordable to everyone. The formulas Spotify offers are free or quite cheap compared to iTunes, where you pay a price per song you want to listen to just because you have to buy the song.
A third alternative for Spotify is Google Play Music. This program is basically the one that has the most similar features than Spotify, but doesn’t exist for that long yet. They offer two types of accounts: a free one and an unlimited (all access) one. As they don’t exist that long, there are no results of the success of Google Play Music yet. When you compare both you can see that although Google Play Music entered the market quite late, they are a capable challenger to Spotify due to their competitive pricing and the already large library they have. They are cheaper than Spotify, but on the other hand they don’t have the knowledge and experience that Spotify has. Furthermore Google Play Music is less present on different platforms and lack social integration when you compare it to Spotify.
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The fourth competitor of Spotify is the illegal downloading market. There are many sites which use torrents to be able to illegally download music on to your computer, tablet or smartphone. Although this isn’t a real competitor, there are still many people using this alternative to get free music. For this category of people, Spotify should be the ideal solution to do things legally, because although you can’t download any Spotify songs for free, Spotify gives you a well overthought platform to enjoy music in a legal way.