A big jump in music downloads and streaming subscriptions are helping to push the UK’s music sales up, according to figures released today by Spotify.
The music streaming service has said the rise in sales has helped it to maintain its position as the number one global music download service in the UK.
Spotify has seen an average annual growth of around 2% since 2016, with a year-on-year increase of 1.6%.
The UK is one of the fastest-growing markets for Spotify, which says its subscriber growth is up by 7.5 million in the past year.
The data also showed Spotify was able to boost its subscription revenue by £1.1 billion last year.
Spotify is also seeing its global subscription growth, with revenues in the US rising by 9.4% year-over-year in 2016.
Spotify said that, as of January 2019, it had around 2.2 billion users worldwide, an increase of 9.3% on the previous year.
However, the company said the UK is yet to reach the 4 billion mark for UK users.
The UK music market is worth around £1 billion to the music industry, and the average subscription fee is £6.99 per month.
Spotify, like other big players in the music market, has a long-term strategy to expand the user base and increase its revenues.
The company has seen record-breaking growth in the number of paying subscribers to its streaming service in recent years, and is targeting more than half of its global users to become subscribers.