(March 25, 2020). Share of Pandora users in the United States from 2011 to 2020 [Graph]. Make data driven decisions and optimize your app strategy. 13,582.43. Note: Pandora has not released this stat since 2017, possibly due to the negative effect publishing it in 2017 had on its stock price. This is partly due to Pandora’s slow shift from advertising to subscriptions, which Spotify and Apple Music have capitalised on. You need at least a Single Account to use this feature. The Global Music Streaming Subscription Service Market research report of Services and Software industry offers an in-depth evaluation of each crucial aspect of the worldwide Music Streaming Subscription Service industry that relates to market size, share, revenue, demand, sales volume, and development in the market. US has encountered the largest streaming penetration in 2018, where, 1 person listened to online music for around 32 hours a week, this makes the user penetration rate into streaming somewhere near 47.3%.Asia Pacific is expected to exhibit a significant growth in Music streaming market on account of the rising adoption of digitization, a large-scale availability of free music streaming applications like … The ideal entry-level account for individual users. Strange though it may sound for a company so historically focused on ad-supported music, Pandora’s business is now 36.7% subscriptions. Spotify remains the standout leader in terms of subscribers with 32% market share. While the online music service has been around for some time, it has continued to grow. "Share of Pandora Users in The United States from 2011 to 2020. ", Statista, Share of Pandora users in the United States from 2011 to 2020 Statista, https://www.statista.com/statistics/253322/pandora-listenership-in-the-us/ (last visited May 11, 2021), Share of Pandora users in the United States from 2011 to 2020, Share of Pandora users in the U.S. 2011-2020, Number of Pandora's monthly active users 2016-2019, Leading online radio companies worldwide 2020, by active sessions, Leading online radio companies in the U.S. 2020, by active sessions, U.S. on-demand music streams volume 2013-2019, Weekly time spent listening to music from selected sources in the U.S. 2019, Weekly time spent with online radio in the U.S. 2008-2020, Weekly music streaming or download services usage in the U.S. 2019-2020, Popular online music brands in the U.S. 2020, Time spent on selected streaming services in the U.S. 2019, Leading Android music apps worldwide 2021, by revenue, Leading iPhone music apps worldwide 2021, by revenue, Most popular paid music streaming services in the U.S. 2019, by mobile app reach, Satisfaction with Pandora in the U.S. 2014-2016, by usage length, Number of Pandora's paying subscribers from 2008 to 2025, Pandora: time spent on mobile devices 2010-2025, Pandora's advertising revenue per 100 listener hours from 2008 to 2025, by platform, Pandora: content acquisition costs as share of revenue 2010-2025, Frequency of Pandora usage in the U.S. 2017, by age, Pandora's monthly share of U.S. radio listening time 2013-2015, Total ad-supported listening hours on Pandora in the U.S. 2018-2020, Pandora's net income/loss Q1 2011-Q3 2018, Use of Pandora in cars - key figures as of June 2013, Pandora's quarterly mobile revenue 2012-2015, Share of Canadians streaming online radio 2015-2016, by origin, Pandora members in the U.S. 2018, by gender, Time spent with Pandora in the U.S. 2016, by usage length, Quebec: share of consumers listening to online radio 2013-2015, by type, Reproduction of recorded media revenue in Latvia 2010-2022, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. market share over competitors like Pandora, Apple Music and iHeart Radio. Back in 2012, Pandora had 67.0 million users, compared with Spotify’s 5.0 million. Online music streaming industry has become a battleground for market share with Pandora competing with bigger rivals such as Sweden's Spotify, Apple Inc's AAPL.O Apple Music… Directly accessible data for 170 industries from 50 countries Source: CNN, The Verge, Pandora, SiriusXM, Source: Business Insider, The Guardian, The Verge. "Share of Pandora users in the United States from 2011 to 2020." But 20 years ago, the music industry was in a far different position. However, as with most streaming services, is struggled to make a profit. Now available in newer car models. Global Cloud Music Streaming Market 2021-2027 Share, Size, Growth Factors | Apple, Amazon, Pandora, Spotify, Rdio Cloud Music Streaming Market Pratik March 3, 2021 Nobody wanted anything to do with it, so in 2005, Pandora launched its own discovery service on the web. They had assembled a team of engineers and musicians to build a recommender system for music, called the Music Genome Project, which would “capture music at its most fundamental level” through over 450 attributes to describe a song. Pandora has been the dominant music streaming platform in the US since its launch in 2000. Music Streaming Market 2020 Size, Share, Trends With Major Players -n Pandora Media Inc, Project Panther Bidco Ltd, Spotify AB December 12, 2019 GMT Pune, Maharashtra, December 12, 2019 (Wired Release) Prudour Pvt. Get accurate performance estimates for 3+ millions apps in 150+ countries. Stock analysis for Pandora Media LLC (P) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In the next few years I expect to see more marketing dollars migrating away from traditional TV and radio and making it’s way over to Pandora. Current laws have not caught up with the digital age. Chart. This feature is limited to our corporate solutions. Pandora Music generated $1.69 billion revenue in 2020, the first negative year-on-year since the company’s inception SiriusXM reported Pandora’s first profitable year in 2019, but that profit has fell by 86 percent in 2020 Pandora has 58 million monthly … Previously it stated that independent market share was 41%. Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). March 25, 2020. Learn more about how Statista can support your business. Corporate solution including all features. This statistic is not included in your account. Alongside the top competitors they want to produce the most revenue within the music industry. Whether it be sponsored listening or an ad-free subscription model, Pandora has been constantly tinkering its product. Additionally, a marketing strategy also needs to be implemented to incentivize users to pay for the premium You need a Single Account for unlimited access. Statista. Please do not hesitate to contact me. S&P 500. Some things have changed, Pandora now uses artificial intelligence to instead of musicians to categorise the songs. You can opt out anytime. FTSE 100. By signing up you agree to our privacy policy. Register in seconds and access exclusive features. NASDAQ. Advertising has always been Pandora’s main source of revenue, and in 2019 Pandora made 1.2 billion U.S. dollars from advertising compared to 527 million U.S. dollars from subscriptions. Then you will be able to mark statistics as favourites and use personal statistics alerts. Until 2019, Pandora had not made a profit and even inside SiriusXM, it continues to struggle to maintain a consistent net profit. It accounted for 85 percent of the music industry revenue in 2020, with Spotify and Apple Music leading the way. Pandora said it's the second largest recipient of mobile ad dollars after Google, but being the number two in an approximately $1.5 billion market isn't that exciting when you're bleeding money out the ears with each song streamed. Ltd.Music Streaming Market Worldwide Industry Analysis 2019 report added by MarketResearch.Biz is based on the year 2019. It also has shifted into podcasting, which looks to be the next battleground for all of the key music streaming services. Marketplace | News & Insights | Data | Events, Roger Lynch (CEO), Aimée Lapic (CMO), David Gerbitz (COO), Chris Phillips (CPO), Clubhouse Revenue and Usage Statistics (2021), Spotify Revenue and Usage Statistics (2021), SoundCloud Revenue And Usage Statistics (2021), Apple Music Revenue and Usage Statistics (2021), Pandora Music Revenue and Usage Statistics (2021), Pandora Music generated $1.69 billion revenue in 2020, the first negative year-on-year since the company’s inception, SiriusXM reported Pandora’s first profitable year in 2019, but that profit has fell by 86 percent in 2020, Pandora has 58 million monthly active listeners, which has been steadily falling since 2016, It also has 6.3 million paid subscribers, an increase of 0.1 million subscribers since 2019. Part of our vision is to unify an entire music marketplace under one roof. and over 1 Mio. Pandora's market share of the total U.S. radio listening grew to 9.11% in March and was able to withstand competition from Apple's (AAPL) iTunes … Please create an employee account to be able to mark statistics as favorites. Please authenticate by going to "My account" → "Administration". The organization says streaming accounts for 80 percent of the US music market, compared with seven percent in 2010. Figure Pandora for Business Background Music Revenue Market Share (2014-2019) Table Pandora for Business Main Business and Markets Served As a Premium user you get access to the detailed source references and background information about this statistic. Pandora has since launched Stories, a marketing tool similar to Genius’ Behind the Lyrics, in which artists can give narrative and deeper insights into tracks. You can only download this statistic as a Premium user. Pandora Political Economic SocialTech Legal Sources: 4, 9, 12 16. Meanwhile, Pandora’s advertising revenues grew by 7% year-on-year to $231m in Q1, while its subscription revenues grew by 29% to $134m. Spotify remained the clear market leader with 108 million subscribers, giving it a global market share of 35.6%, EXACTLY the same share it had at the end of 2018 AND at the end of 2017. If Access acquired 25% of UMG, respective market shares would change to 25.4% for WMG and UMG for 22.2% (still slightly ahead of Sony on 22.1%). In today’s world, music streaming is the prevailing way to listen to music. As per the 2014 edition of Edison Research’s annual audio report titled The Infinite Dial, Pandora remains the most popular music streaming service in … Spotify market share was followed by Apple Music with 18% Music Streaming market share, Amazon Music with 13% Music Streaming market share, Tencent with 10%, Google with 5%, Deezer with 3%, Pandora with 2%, MelON with 2%, and Others with 11% of music streaming market share. Then you can access your favorite statistics via the star in the header. Physical sales accounted for the vast majority of revenue and music labels controlled the distribution model. Pandora is the rock star of cloud-based music … Article continues below advertisement According to the results of a survey on music streaming adoption in the U.S. by Statista, Pandora’s share … Most popular music streaming services in the U.S. 2018-2019, by audience, Number of Pandora's active users in the U.S. 2013-2020, Music streaming giants: number of users U.S. 2016-2023, Reach of most popular U.S. smartphone apps 2021. Pandora’s Market Share of Internet Radio Sources: 21 15. Read on below to find out more. Market Analysis of Pandora.com 3What is Pandora.com for In brief, Pandora.com lets you create your own radio stations to play your favorite music anywhere you go. Music Genome Project. Spotify’s growth is both an extension of the wider market and a driver of it. Even though the system worked, Pandora (originally called Savage Beast Technologies) spent four years attempting to license the technology to AOL, Best Buy and the music industry. As a Premium user you get access to background information and details about the release of this statistic. Until recently, competitors were nowhere near it. 4,167.59. Statista. We have collected data and statistics on Pandora’s revenue, profit and usage. It has been corrected to 29% Recently I … What is your strategy in having ownership from rival on-demand services like Spotify and Apple Music? In the search for exposure, musicians often spend a considerable amount of their time chasing Spotify playlists and Instagram engagement. File sharing, MP3 players and online stores transformed the way we listen to music. Spotify is rumored to be raising $400 million on an $8.4 billion valuation, while Pandora is currently valued at less than half that figure, at $3.6 billion. 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