As soon as iPods became popular it was inevitable that music streaming websites would slowly put the high street music stores under pressure. However, it was really when the smartphone started to become an affordable device that music streaming websites came into their element.
Today, music CDs are a thing of the past. The days of installing a CD changer in your car or attaching one to your home music system are technologies of the past.
Only DJs seem to buy CDs so they can mix using CD decks and even then, many of these guys and gals use online stores which points to the end of high street music stores in the future. The future of music is now all eyes on music streaming websites and online music stores like the Apple Store.
Had high street stores like HMV seen the future, maybe they could have used their brand influence to invest in online MP3 and MP4 sales, but for some reason much like Kodak did in the ‘film to photo’ development industry, these firms left it too late. The same can be said for Blockbuster videos who could have been the same as Netflix is today.
The innovators of today’s commerce are those that can spot an opportunity to change the way the business is done by using online services. And, this makes perfect sense for music sales.
No more CDs cluttering up your car or home shelves, easy to organize folders for your genres of music, and there is no chance of losing your music if you have it stored on a virtual cloud storage system. Better still, online music streaming sites do all the management, categorization, and storage for you.
When you look at the music industry like this, the competition is no longer between high street stores versus online stores selling CDs, neither is it between CD sales and digital music websites. These days the competition is between the music streaming sites and the digital music files sales. However, this head to head battle was always going to be short-lived as music streaming sites are now allowing the choice to stream or download.
As a result, we now have music streaming sites that are accessible online and offline. When music streaming began, you needed to have an internet connection, but now the apps used to connect to these sites give you offline options and some the option to download an MP3 or MP4.
Even then there is a danger of torrent sites muscling in on movie streaming website market share. Albeit, the danger is relatively low because even though torrenting is free, music streaming websites can give members access to a flurry of records and albums even via their free access or free trials, and even then most people will sign up for a subscription because these sites are relatively inexpensive.
Some of The Most Popular Music Streaming Sites
- Amazon Music Unlimited
- YouTube Music
- Apple Music
Music streaming is not just from these websites because today there are many other ways to stream music and stay up to date with the latest tunes and songs in your genre. Radio stations are now going online and nearly every major radio station is now accessible through the internet via the World Wide Web or through apps – that said, radio does not pose a threat to any of the above-listed music streaming websites.
If you want an album that you can listen to on-demand, then radio is not going to be your go-to option. Even on-demand radio does not give you the option to select your favourite song and rather the on-demand versions are for the DJ/presenter.
Also take note that you may want to use a VPN when streaming music as an extra layer of protection.
The last and final reason music streaming websites are increasing in popularity is because many of them allow anyone to upload their music. New artists are being discovered daily as they upload their records or singles to websites such as SoundCloud or Spotify. Now people can listen to and support artists before they become famous.
It is interesting to see how the online streaming music marketplace will pan out in the future. One thing is for sure, high street music stores and CD sales are becoming a thing of the past.