In 2018, digital streaming accounted for 46.8% of the music industry’s global revenue. Physical revenue is declining, and digital streaming is now the preferred method of music consumption. The shift could only have only occurred with advancements in digital technology and electrical engineering. From the MP3 player and iPod to Bluetooth technology, the work of engineers has significantly impacted the music industry.
For the Love of Music
In 2018, the average consumer spent 17.8 hours every week, or 2.5 hours per day, listening to music. Thanks to digital streaming platforms like Spotify and Apple Music, on-demand access to music has increased substantially.