Everyone likes some form of music, and in recent years, music consumption has shifted tremendously. From Apple Music and SoundCloud to Spotify, there are hundreds of music applications that are downloaded every day by music enthusiasts. Internet penetration and increase in usage of mobile devices have made music applications super popular.
This means you can also make your own music app and expect tons of profit in return. According to the research, Spotify enjoyed a revenue increase of 16% only from 2019 to 2020. By 2027, it is expected that Spotify will gain up to $76.9 billion in global revenue.
But how can you create music streaming applications and fit into a rapidly growing market? This blog has the answers you are looking for.
Read on.
The best way to identify what is popular these days is to simply download top-rated music applications and use them. For instance, some of the most used applications in the USA include Apple Music, Pandora Radio, and Spotify.
Although all of these applications are primarily used for music streaming, each one of them has some unique selling propositions. For instance, Spotify users can listen to audiobooks and podcasts as well. Apple Music can be connected with Siri and other devices. Apple also has its own radio station. On the other hand, Pandora makes use of AI to make song recommendations to its users.
However, there is still a lot of room for improvement and growth. This means you can build a music app and attract a considerable audience as long as you have something unique to offer.
The features of a music application come down to what your audience wants. However, there are some features that every developer needs to consider when they think about how to make a music app. These include:
Moreover, your music app should have a proper architecture to cover all the features, like library management, multi-screens, integration with payment services, live audio streaming, and others.
When thinking about how to start a music app, profitability is definitely a confusing topic. Luckily, there are many ways by which developers can make money. For instance, you can have a paid subscription program and offer several plans to the users.
Apple offers three types of subscription plans: Students, Standard individuals, and Family for up to six members. Companies can also run advertisements on music applications.
It’s definitely not a walk in the park to create a music app for Android or iOS. There are many challenges that companies and developers can face when creating a music streaming app. For instance, music licensing and copyright is a hot topic that music app companies need to address.
These apps have to operate under Public Performance Rights and make sure they meet all the national, as well as local, legislations. In the USA, this issue is handled by Broadcast Music Incorporated (BMI) and the American Society of Composers, Authors, and Publishers (ASCAP).
Splitting the revenue between the developers, copyright holders, and artists can be a tough call as well. This is why it’s important for music app companies to curate proper policies for both partners and users.
If you are a music enthusiast and willing to make your own music app, there’s a lot you can do in the industry. However, a successful music app is one that stands out from the crowd and can offer more benefits to the users. Therefore, you need to make sure your music application has unique selling propositions that make it different from mainstream music apps.
