From the nostalgic days of vinyl records and cassettes to the times of CDs and MP3s and the current digital disruptions through music streaming platforms, the music industry has benefitted from rapid technological advancements. This bodes well for the music industry, that for long has suffered due to piracy and has witnessed plummeting revenues. But the mass adoption of smartphones and the rise of music streaming apps since 2005 have since lifted hopes for the industry. From revenues to user behavior, the music streaming industry, in more ways that one, are changing the way we used to listen and enjoy music. This presents an incredibly boundless prospect for its application in the music industry, and the domain, as a whole.
Source: Mint February 18, 2019 13:41 UTC