With the popularity of TikTok increasing every day, it has a lot of work cut out to succeed in the short, looping video space. Although it’s up against some established competition, there is clearly a growing market for this type of community.
For businesses, brands and artists, it is certainly worth investigation and worth keeping an eye on as part of the wider digital strategy.
TikTok’s New Venture Could Merge Community and Music Streaming
TikTok has patented TikTok music which leads to the possibility of a music platform, a distributor or shop. This could make TikTok a competitor to Apple music and Spotify as a new contender in the streaming business.