Streaming music service Spotify announced its end-of-year report of the most popular music and musicians over 2014.

Spotify reported that more than 50 million registered users of its site or mobile players listened to a combined 7 billion hours of music. This is equivalent to nearly 800,000 years of audio.

End-of-year data collected from these users and their 733 million created playlists also show the most popular songs, albums and artists of the year.

Ed Sheeran was named the No. 1 most-streamed artist in the world, with a total of 860 million individual listens to his tracks. The British singer-songwriter released his wildly popular sophomore album "X" in June and held Pharrell-produced hits like "Sing" and "Don't."

"X" also took the top spot for the most streamed album globally, which was listened to at least 430 million times in the few months of its release.

Following Sheeran with other high numbers are other male artists such as Eminem, Calvin Harris, Avicii and David Guetta, highlighting the popularity of EDM at the moment. Katy Perry was the most-streamed woman in the world, beating out Rihanna, who has held the top spot among female artists for the past two years. Other female frontrunners include Ariana Grande, Lana Del Ray, Beyoncé and Lorde.

Perry's "Prism" was released in October 2013 and has been filled with hit singles like "Dark Horse" and "Roar." Rihanna hasn't released any new music in two years, though her latest album is in the works, which is likely why she fell from the top spot.

Albums from groups like Coldplay, Imagine Dragons, Maroon 5, OneRepublic and boy band One Direction were all amongst the most-streamed worldwide. The Oscar-nominated soundtrack song "Happy" by Pharrell was the world's most streamed track, as it was played over a quarter of a billion times.