Electronic music sales and streaming valued at $1.3 billion

IMS Business Report 2022: Electronic Music Sales and Streaming Valued at $1.3 Billion

the IMS 2022 activity report reveals that music sales and electronic music streaming are now valued at $1.3 billion, a 32% increase from 2020.

The annual study of electronic music is conducted by David Boylewhich brings together hundreds of musicians and industry experts to deliver the report of the International Music Summit, taking readers on a deep dive into all the different aspects of the electronic music industry, whether it’s whether it’s current music trends or the money the industry generates each year.

The four largest countries detailed in this report, the United States of America, the United Kingdom, Germany and Canada, all saw positives. The report is divided into two distinct categories of “commercial dance music” and “electronic music”:

“The dance and electronic music markets grew strongly in 2021. Driven by both total market growth and market share growth in the UK and Germany”

Pages sixteen to nineteen of the report detail the valuation of electronic music; in particular, page sixteen shows the significant growth in the valuation of electronic music sales and streaming. The chart on page seventeen shows that in 2021, three of the four selected countries outperformed the market compared to the previous year. You can see these two graphs below:

IMS 2022 activity report

Image credit: IMS Business Report 2022 (page 16)

IMS 2022 activity report

Image credit: IMS Business Report 2022 (page 17)

As the report progresses, the assessment section also notes that of these four countries, although they all experienced growth over a five-year period, only Germany gained market share during this period; the other three countries remained stable in maintaining their respective shares.

You can register to read the full IMS 2022 Activity Report here. What do you think? Please let us know your thoughts on this report!

Image credit: Press