Deezer , France ’s largest music streaming service , aims to show that there is room for others in the sector . Hans - Holger Albrecht , Deezer ’s London office CEO , said the flotation of Spotify on the New York Stock Exchange earlier this year for $ 30bn helped to crystallise the value of the market , which some said could reach $ 60bn , despite the traditional music industry never exceeding $ 20bn . Deezer ’s differentiator is local ##ization ; it has had success in eastern Europe and Brazil as well as in Germany and Austria , where it is the most popular music - streaming service .
Deezer, France’s largest music streaming service, aims to show Spotify there is room for others in the sector. Hans-Holger Albrecht, Deezer’s London office CEO, said the flotation of Spotify on the New York Stock Exchange earlier this year for $30bn helped to crystallise the value of the market, which some said could reach $60bn, despite the traditional music industry never exceeding $20bn. Deezer’s differentiator is local music; it has had success in eastern Europe and Brazil as well as in Germany and France, where it is the most popular music-streaming service.