Latin America Streaming Music Market YouTube and Spotify Take Hold
The 20,000 Foot View: Latin America has fast become one of the most important streaming music markets due to accelerating consumer adoption, growing smartphone ownership, strong streaming service availability and fast-growing revenue across both free and paid. Brazil and Mexico, the leading regional markets, have the potential to become major music markets. Against this though, local economic factors, such as weak consumer spending power and fragile national economies, present significant challenges for the region.
Key XXX of Brazilians watch music videos on XXX of Mexicans buy XXX of Brazilians use Spotify weekly and XXX use YouTube
Companies and brands mentioned in this report: Apple, Deezer, Google, iPhone, iTunes, Movistar, Spotify, TIM, Virgin Mobile, Vevo, Vivo, YouTube