The IMS Business Report 2022 reveals that music sales and streaming of electronic music are now valued at $1.3 billion – a 32% increase from 2020.
The annual study of electronic music is led by David Boyle, who brings together hundreds of musicians and industry experts to deliver the International Music Summit report, taking readers on a deep dive into all different aspects of the electronic music industry, whether it be current trends musically or how much money the industry is turning over each year.
The four biggest 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. Thanks to both total market growth, plus market share growth in the United Kingdom and Germany”
Pages sixteen to nineteen of the report detail the valuation of electronic music; in particular, page sixteen displays the significant growth of valuation in electronic music sales and streaming. The graph on page seventeen shows that in 2021, three of the four select countries saw faster-than-market growth in comparison to the previous year. You can view both of these graphs down below:
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by Norman Gillis · Published October 11, 2022
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