2014 Trends: Music Streaming Growth, Digital Sales Decline

2014 Trends: Music Streaming Growth

According to a recent report from Nielsen SoundScan, the landscape of the music industry continued its dramatic transformation in 2014. Album sales in the United States plummeted by 11 percent, totaling 257 million units, while digital album purchases also saw a decline of 9 percent, down to 117.6 million.

Conversely, vinyl records experienced a resurgence, with sales increasing by 52 percent, although this only represented 9.2 million albums sold.

2014 Trends: Music Streaming Growth

While physical and digital sales are on the decline, streaming services are on a robust upward trajectory, with a 54 percent increase in usage, totaling 164 billion songs streamed over the year. This surge highlights the shifting consumer preference towards streaming platforms, which offer vast libraries of music at a fraction of the cost of traditional album purchases.

This trend underscores the strategic move by Apple to broaden its influence in the music sector through its acquisition of Beats in 2014.

Streaming services have revolutionized music consumption, offering unlimited access to a diverse range of music for a flat fee. How has this shift affected your music listening habits? Share your thoughts in the comments section below.

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Scott

Brian is a dedicated writer for TUAW, where he shares his insights and expertise on all things Apple. With a deep love for technology, Brian covers a wide range of topics, from the latest iPhone and iPad releases to the intricacies of macOS and Apple Watch features. His clear and engaging writing style makes complex tech topics accessible to all readers. Brian’s enthusiasm for Apple products shines through in every article he writes.