The Amazon Music Streaming Service might seem to be taking on an already oversaturated market with Spotify, Apple Music and even Tidal, yet there is potential for the e-commerce company to make its mark in the evolving industry. It will ride off of the recent success of its voice-control speaker, Echo, by creating an essentially closed system to stream music off of.
Although some might think that counterintuitive considering the path technology is taking these days, by adopting a more familial system, the devices and services aim to work better. The Amazon Music Streaming Service is currently still in the process of rolling out, but subscriptions may be available as early as late summer or early fall. That's exciting news for the company.
Competitive E-Commerce Expansions
The Amazon Music Streaming Service Plays Off Success of Echo
Trend Themes
1. Voice-controlled Music Streaming - There is a trend towards voice-controlled music streaming services, leveraging the success of devices like Echo.
2. Closed System Integration - The adoption of closed systems in the music streaming industry offers disruptive innovation opportunities for companies to create seamless experiences for users.
3. Diversified E-commerce Offerings - E-commerce companies like Amazon are diversifying their services by entering the music streaming industry, indicating a trend towards expanding beyond traditional retail.
Industry Implications
1. Music Streaming - The music streaming industry is evolving with the entry of new players, creating opportunities for disruptive innovations in user experience and integration.
2. Voice-controlled Devices - Voice-controlled devices like Echo are driving innovation in various industries, including music streaming, with potential for further disruptive advancements.
3. E-commerce - E-commerce companies are exploring new markets and industries, such as music streaming, as part of their expansion strategies.