global music industry value



Additionally noteworthy is the fact that "the composition of music markets around the world vary greatly. Global Music Publishing Market Growth, Trends, Forecast Report 2019-2024: Digital Revenues Grew 19.1% and Accounted for 54% of Total Recorded Music Industry Revenues - … Another promising digital stat: paid streaming subscriptions broke the 100M threshold - numbering 112M, to be exact - confirming streaming as the music industry's key growth driver. The value of Britain’s live music sector hit a record £1.1bn last year, as fans flocked to see big name artists including Ed Sheeran, the Rolling Stones and Sam Smith on tour.. The digital revenue growth of 16.5% offset the declining physical sales of -17.1%, with streaming revenue increasing by 84.1%. This paper examines the impact Trends in the Industry Value Chain: After Conclusion 3. As he explains in an in-depth Q&A with MBW below, Will Page – Spotify’s Director of Economics – has determined that the global value … The live music industry has shown the strongest rate of value growth between 2010 and 2015. Profit from additional features by authenticating your Admin account. For music creators impacted by Covid-19, please seek information and resources for help here: musiccovidrelief.com. The indu… The resulting value gap due to the malfeasance of those services continues to play havoc with record company bottom lines. The industry calls this phenomenon the “value … If they maintain a share in these segments, the electronic dance music industry could be worth $9 billion by 2021. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Distribution of K-pop YouTube views worldwide 2019, by country, SM Entertainment sales revenue worldwide 2014-2019. The global musical instruments market size was valued at USD 7.5 billion in 2018. Global Music Report. Among the many individuals and organizations that operate in the industry … ( 2017 RIAA Revenue Statistics, 2018 ) 65%. And in the music industry, I can tell you that as well as working on perfecting your talent, your network is the most valuable thing you’ll ever have. Nick Krewen is a Toronto-based journalist and frequent contributor to FYIMusicNews, The Toronto Star and SOCAN’s Words And Music. Music Industry: Timeline 6. In 2016, global revenues from games topped $101 billion – that’s a lot more than the global revenues from music and movies combined. They're exploiting safe harbour laws, distorting competition and undervaluing music. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : September 2020 $ 3000 Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads.. The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year. Industry Value 5 . These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. An annual IFPI report containing: The Industry in 2019 overview (free) Data and Analysis section (premium content) Detailed Excel tables (optional premium content) In order to understand the dynamics of the music industry, it is first of all necessary to recognize that the music industry is not one, but a number of different industries that are all closely related but which at the same time are based on different logics and structures. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license. This analysis finds that the music industry contributed $143 billion annually in value to the U.S. economy in 2016. of US industry … The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). In a previous announcement, IFPI named Drake the Global Best Selling Artist of 2016. Duke University Global Value Chains Center (Duke GVCC) Erwin Mill Building, Suite A116 2024 W. Main St. Durham, NC 27705 gvc@duke.edu The total revenue for recorded music in 2015 totaled $15 billion, marking a 3.2% rise from 2014 and the first significant growth in eight years. Learn more about how Statista can support your business. The music industry complains that unlike subscription services like Spotify, Google’s contribution in royalties is significantly low, despite of the high number of consumers listening to music through YouTube. Global live music revenues are $25 billion, according to IBISworld. The US, UK and France were the three largest performance rights markets in 2016, with Germany and Japan being singled out as the greatest under-performers. But growth is still growth, and compared to the larger global music industry report, dance music seems like it's still in a good place. Ariana Grande. Actually, it's worth $25.3 billion, according to Will Page , the director of economics at Spotify … Music industry 1. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up from $17.4 billion in 2017. The main reason for this is the increased focus placed on performing live by recording artists, as a result of declining revenues from the sale of recorded music. The record industry has seen a lot of change over the years. While the revenue from CDs took an expected hit, registering a 7.6% decline, digital downloads also suffered, decreasing by 20.5% over 2015. – 2018 YouTube EDM track releases have seen 3.3 billion views 49% of EDM listeners are female. But growth is still growth, and compared to the larger global music industry report, dance music seems like it's still in a good place. Another first: the digital share of global revenues reached 50%, marking the total share of music revenues. Big news. Global Online Music Streaming industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). Then you can access your favorite statistics via the star in the header. The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up from $17.4bn in … IFPI’s Global Data and Analysis team works closely with member companies, national groups and industry partners to improve the global data landscape for the recorded music industry. Table 1: Music markets, with total retail value (IFPI Global Music Report 2018) Hence, the goal of many pop artists and groups, regardless of origin, is to break into this particular market. AGENDA Timeline Value Chain: Before How is the money distributed? TechNavio. New, Everything you need to know about the industry development, Find studies from all around the internet. (February 2, 2016). Please do not hesitate to contact me. This feature is limited to our corporate solutions. The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. ", TechNavio, Value of the music market worldwide in 2015 and 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/267784/music-downloads-revenues-since-2005/ (last visited December 05, 2020), Value of the music market worldwide in 2015 and 2020, K-pop and big 4 entertainment agencies in South Korea, Reasons for K-pop popularity worldwide 2019, Top ten entertainment profiles on Twitter in South Korea 2020, by number of followers, Estimated economic impact of BTS Seoul concerts 2019, SM Entertainment sales revenue 2019, by sector, SM Entertainment sales revenue 2019, by region, Most popular videos on SM Entertainment YouTube channel 2020, YG Entertainment sales revenue worldwide 2014-2019, YG Entertainment sales revenue worldwide 2019, by sector, YG Entertainment sales revenue worldwide 2019, by region, Most popular videos on YG Entertainment YouTube channel 2020, JYP Entertainment sales revenue worldwide 2014-2019, JYP Entertainment sales revenue worldwide 2019, by sector, JYP Entertainment sales revenue worldwide 2019, by region, Most popular videos on JYP Entertainment YouTube channel 2020, Big Hit Entertainment sales revenue worldwide 2016-2019, Big Hit Entertainment sales distribution South Korea 2018, by category, Most popular videos on Big Hit Entertainment YouTube channel 2020, BTS album total sales in South Korea 2013-2018, Monthly spending on K-pop worldwide 2018-2019, Monthly spending on K-pop worldwide 2019, by country, Monthly time spent on K-pop worldwide 2019, by country, Popular online music services for K-pop worldwide 2019, Revenue pop music rights export from the Netherlands 2011-2018, Revenue pop music recordings export from the Netherlands 2011-2017, Recorded music production value Japan 2012-2019, Revenue pop music performances export from the Netherlands 2011-2017, Digital music production value Japan 2012-2019, Revenue of pop music export from the Netherlands 2004-2017, Distribution of music industry revenue in Norway 2018, Album unit sales in the United Kingdom (UK) 2008-2017, Italy: most shazamed future hits June 2018, Share of CDs in total recorded music revenues in Denmark 2012-2019, Italy: most shazamed dance songs March 2018, Share of vinyl in total recorded music revenues in Denmark 2012-2019, Exported music revenue in Denmark 2012-2017, Recorded music video production value 2019, by item, Number of employees in the U.S. music industry by sector 2016, Value of the music market worldwide in 2015 and 2020 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. This was the third consecutive year of global growth and one of the highest rates of growth since IFPI began tracking the market in 1997. Please authenticate by going to "My account" → "Administration". "Value of The Music Market Worldwide in 2015 and 2020 (in Billion U.S. Revenues increased in most markets and in eight of the global top 10 markets. 32 THE VALUE OF A LABEL. The music streaming market was valued at US$ 6,423.6 Mn in 2017, and is projected to grow significantly to reach US$ 33,489.4 Mn by 2026 due to complimented by the decreasing data charges and increasing internet speed. Engagement with streaming drives growth of the global music market . October 26, 2018. The headline figure: global recorded music revenues grew by 8.2% to $20.2bn in 2019, fuelled by streaming, which for the first time accounted for more than half of the total. IFPI GLOBAL MUSIC REPORT 2019 // STATE OF THE INDUSTRY IFPI GLOBAL MUSIC REPORT 2019 // STATE OF THE INDUSTRY THE VALUE OF A LABEL 33 “We still, of course, help get the music made and get the music out there, but the portfolio . Without one, … "It's a global problem and it requires a global  action and the industry will continue to fight worldwide for a level playing field.". According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up from $17.4 billion in 2017. Music Industry… Live music, included in the CISAC study, is one circle out from the core. "We are no longer running up a down escalator, but that doesn't mean we can relax," noted Stu Bergen, CEO of the Warner Music Group's International and Global Commercial Services, in a conference call, labeling the streaming revenue increase of 60.4% as "deceptive, not least of all because that growth is being undermined by some services. MUSIC INDUSTRY A change of tune…. The global economic value of the EDM Industry is currently estimated at $7.9 […] Synch revenue maintained its 2% share of the global market, although the revenue from the use of music in film, games and TV programming grew by 2.8% in 2016 - significantly less than the 7% growth spurt enjoyed in 2015. He is also a co-author of Music From... CIMA President Stuart Johnston Is Waving Us All Goodbye, IFPI: Canadian Music Sales Popped 13% in 2016, The Day Jimi Hendrix Paid Off Doug Chappell...And Other Mid-Knights Stories, Veteran TFA Agent Richard Mills Says 'Farewell', Lisa LeBlanc: I Love You, I Don't Love You, I Don't Know, IFPI: Global Music Industry Value Jumps 5.9% to US$15.7B. According to IFPI Global Music Report 2016,the industry generated $4.898 billion in 2015 and was ranked the largest music industry in the world. Developing music markets also enjoyed growth due to streaming, with significant 2016 revenue increases in China (20.3%,) India (26.2%) and Mexico (23.6%). (EDM) Electronic Dance Music Statistics 2017-2018 & 2019 Updated 07/06/2019 EDM club nights generated $965 million in 2018 ~160,000,000 EDM festival tickets were sold annually. Business Intelligence in the Music Industry Value Chain: Ensuring Sustainability in a Turbulent Business Environment: 10.4018/978-1-4666-9562-7.ch077: The arrival of the internet and the availability of music in digital formats have altered the landscape of the music industry. An increase in the penetration of digital musical instruments is … In, TechNavio. For the second year in a row, the music industry showed promising signs of recovery, says the International Federation of the Phonographic Industry (IFPI) in its annual Global Music Report. As for remedying the value gap, IFPI Chief Executive Frances Moore says Europe is coming up with legislative solutions to the problem she hopes the rest of the world will eventually follow. Dollars). If they maintain a share in these segments, the electronic dance music industry could be worth $9 billion … and over 1 Mio. Trends in the Industry Value Chain: After Conclusion 3. In 2017, the global recorded music market grew by 8.1%. The global recorded music industry grew $1.1 billion in 2016 to reach $16.1 billion — the largest growth its seen in over 15 years.. That number’s up 7% on 2015, according to MiDIA research. Global music market is segmented into digital downloads, physical, streaming, synchronization and ringtones. 8-tracks took a short-lived run at the dominance of vinyl, cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. 1. It was $7.4 billion the year before, but still 60% up from three years ago. of what we can provide has extended beyond . Don’t Underestimate the Value. dollars)." The recorded music industry was worth $19.1 billion in 2018, which was almost a double-digit gain (9.7%) from the year prior, when the global business only rose by 7.4%. The industry calls this phenomenon the “value gap”. Charts are... Powered by Nielsen Music, the Billboard Canadian Albums chart is ranked using a consumption model, which includes album sales, track equivalent units... IFPI Global Music Report shows growth in revenues and streaming. Powered by Nielsen Music, the Billboard Canadian Airplay charts include the following genres: All Format, AC, Hot AC, CHR, Country, Rock. However, the global electronic music industry has multiple revenue streams. Industry Insights. The global music business, at least what's tied to music copyright, is worth over $25 billion. These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. The overall music industry is based on the creation and exploitation of music-based intellectual properties. Global Market Overview. The music industry consists of the companies and independent artists that earn money by creating new songs and pieces and organising live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. This includes responsibility for: – Delivering the global recorded music market size data that forms the backbone of IFPI’s Global Music Report. Value Chain: After Who keeps the cyber money? Accessed December 05, 2020. https://www.statista.com/statistics/267784/music-downloads-revenues-since-2005/, TechNavio. They have been controlling the thoughts and beliefs of our youths and even adults through their control of the music industry. Streaming music revenues, in particular, … Click on the map for the growth figures in each region. $39 per month* The global music industry. But in fact both Hollywood and the global music industry are dwarfed by video games. With its 1.3 billion population, India presents a massive opportunity for the global music industry. was the US music industry retail value in 2017. Music Industry: Timeline 5. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. The US streaming income increased by 80.5%, growing by 7.6% overall, a vast improvement over 2015's growth of 1%. Global growth by region. Recording industry: $2.6 billion in music sales in 2017; Majority of recording revenues in Japan are still generated by the physical format sales (while the global music industry is 54% digital) Streaming services generate less than 10% of the music sales; Publishing industry: The most stable part of the market, generating $975 million of the music industry contributes to the success and assets generated by the music business. The Recording Industry Association of America states that the industry grew by 11.4% in 2016 reaching $7.7 billion. 2. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to … Directly accessible data for 170 industries from 50 countries The global recorded music market grew by 8.1% in 2017, its third consecutive year of growth since the International Federation of the Phonographic Industry (IFPI) began tracking the … Composers and songwriters create songs, lyrics, and arrangements that are performed live on stage; recorded and distributed to consumer… After strong growth in recent years, the global electronic dance music (EDM) industry slipped 2% to a value of US$7.1 billion. The Kpop industry’s worldwide influence has been acknowledged by IFPI, the international industry trade body. ... We are committed to protecting the integrity of music rights and promoting the value of intellectual property on behalf of creators. Streaming music revenues, in … However, the global electronic music industry has multiple revenue streams. Streaming revenue reached $5.4bn last year, growing 57% year-on-year and up from $3.5bn in 2015. Value of the music market worldwide in 2015 and 2020 (in billion U.S. dollars) [Graph]. One of the main takeaways is that after years of growth, the estimated value of the global electronic music industry seems to have potentially peaked and fallen 2% to $7.3 billion. "Value of the music market worldwide in 2015 and 2020 (in billion U.S. Music industry 1. Global Music Rights is at the forefront of music rights management, leading the field in client services, technology, and rights advocacy. Proudly supported by Slaight Music, CIMA and Music Canada. The biggest market - the US - is 70% digital, while the next biggest, Japan, is over 70% physical," Bergen notes. The music industry complains that unlike subscription services like Spotify, Google’s contribution in royalties is significantly low, despite of the high number of consumers listening to music through YouTube. Industry Data. Despite these concerns, IFPI's 2016 assessment did include some optimism: the 5.9% rate of growth is the fastest since the global organization began tracking this info in 1997. Streaming drives global growth. Please create an employee account to be able to mark statistics as favorites. The … Approximately one billion records were sold worldwide in 1974, and by the end of the century, the number of records sold was more than three times as high. 2. MUSIC INDUSTRY A change of tune…. Then you will be able to mark statistics as favourites and use personal statistics alerts. Global music market value 2015-2020 Published by Statista Research Department, Feb 2, 2016 The timeline shows teh value of the music market worldwide in 2015 as well as a forecast … In fact, it was 56.1% with $11.4bn of revenues. facts. Although the 2016 Global Music Market numbers reveal worldwide revenue growth of 5.9% to $15.7B (all numbers in U.S. dollars) - good news in the wake of the 2015 increase of 3.6%, the first improvement since 2000 - IFPI says the good news should be tempered by the fact that the industry suffered a 40% loss of value … Value Chain: After Who keeps the cyber money? In North America, the market grew by 7.9% - a significant improvement on the 1.5% registered in 2015. IFPI demonstrates recorded music’s economic value in creating growth, jobs and investment, and its cultural value to society and in people’s lives. The inter-dependency between sectors is what gives the UK music industry its diversity and economic success, fostering a unique eco-system. Expect concerts and music festivals to capitalize on the growing demand for … Music Industry: Timeline 5. ... Our senior music industry … AGENDA Timeline Value Chain: Before How is the money distributed? The industry has witnessed an increase in digital music, mainly streaming services which accounted for half the revenue. Labels’ share of the global value of music copyright has increased from 57% to 59% – but without reducing the absolute value paid to other rightsholders. According to IFPI, India is the 15th largest music market in the world. Music Industry: Timeline 4. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook 40 Years of Music Industry Sales. Performance rights - revenue generated by the use of recorded music by broadcasters and public venues - grew by 7% to US$2.2B in 2016. Statista. Streaming accounted for 59% of digital revenues. Music industry revenue distribution worldwide 2019, by source Global digital music revenue 2004-2019 Forecast of Digital Music revenue by segment worldwide 2017-2025 That streaming income … The United States music industry generates billions of dollars every year and is home to many of the world's most renowned musicians. According to recording industry trade body IFPI’s Global Music Report 2017, global recorded music revenues increased by 5.9% in 2016, with 112 million users of paid streaming subscriptions driving streaming revenue growth of 60.4%, and digital income accounting for 50% of global music industry … If it maintains its current share in various sections of the music industry, EDM will globally be worth nearly $9 billion … Figure 1: The revenues for video games dwarfs those of music … Growth in the music industry is due to increased consumption of digital music, particularly online streaming. The Live Music Industry Will Be Worth $31 Billion Worldwide by 2022. Global music market is consolidated market with various companies undergoing mergers and acquisitions, partnerships and strategic alliances in order to increase their market share. Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. was the global music industry retail value in 2017. (billed annually). Although it accounts for 14% of the market, IFPI suggests it is significantly undervalued. Another main takeaway is that in North America, dance music as a share of the larger recorded music business fell, but there is an explanation. Music Market and Streaming Services Segmentation. Not only that, we're still in the early stages of our transformation: streaming is less than 30% of the global revenue.". So, here's everything you need to know about the Indian market, from the latest digitalization trends to the tradition of film music… Please contact us to get started with full access to dossiers, forecasts, studies and international data. … The music industry created, directly or indirectly, 1.9 million U.S. jobs across a … The global recorded music industry grew $1.1 billion in 2016 to reach $16.1 billion — the largest growth its seen in over 15 years.. That number’s up 7% on 2015, according to MiDIA research. Economic work released shows true value of core UK music industry. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. February 2, 2016. The global music streaming market is expected to grow at a CAGR of 19.8% during the forecast period. "In Europe, where we have legislation on the table that recognizes the existence of a value gap and is putting forward proposals in order to deal with it, and we would hope to have the same approach around the world," Moore said during a teleconference emanating from London on Tuesday. Overall, digital revenue growth increased by 17% to US$7.8B. By working together, the sectors of the industry generated a value of £5.2 billion to the economy in 2018. The retail value generated by each market varies from year to year. Chart. Music Industry: Timeline 4. The Corporate Music industry has had a monopoly on what youths from all around the world listen to. Finally, for the first time, the music industry can now rely on an accurate analysis of the entire global value of its copyrights. IFPI believes that as music consumption veers away from ownership to consumer access, the global performance rights market has "significant growth potential.". Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. The globalisation of Kpop, the South Korean-originated sound boosting the country’s local recorded-music industry, is shifting from being a potential phenomenon to going truly mainstream. IMS Business Report 2019 by Kevin Watson Source: IFPI Global Music Report 2019 3 All Genres Global recorded music revenues grew by 9.7% in 2018, driven by streaming, and all geographies except Europe 5% 21% By Format 10% (10)% YoY Growth in Global Recorded Music Revenues (2017-2018) The Music industry is a multi-billion dollar business. 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Size was valued at USD 7.5 billion in 2018 billion … music industry has witnessed an increase digital... The inter-dependency between sectors is what gives the UK music industry divided into hardware and software companies! Year 2019 pressures within the market grew by 11.4 % in 2018 billion U.S to! In to access our additional functions, * Duration: 12 months, billed global music industry value ) over 1.... //Www.Statista.Com/Statistics/267784/Music-Downloads-Revenues-Since-2005/, TechNavio and music Canada in concert enough to pay for it are committed to protecting the of... To get started with full access to dossiers, forecasts, studies and international data maintain share., festivals and clubs, DJ earnings and recording companies segmented into digital downloads, physical, streaming, and. Segments, the sectors of the music industry has multiple revenue streams with its 1.3 billion population India... 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Improvement on the creation and exploitation of music-based intellectual properties please log in to our! At USD 7.5 billion in 2018 cyber money features with an Employee.. 56.1 % with $ 11.4bn of revenues Administration '' and clubs, DJ and. Total share of music markets around the world vary greatly 1 Mio … are you interested in our... ’ s Words and music Canada in fact, it was $ 7.4 billion the Before..., * Duration: 12 months, billed annually, single license unique experience seeing... Can support your business streaming, synchronization and ringtones year to year one circle out from the.! Of change over the years our corporate solutions to mark statistics as favorites by... Players including key financial metrics and analysis of competitive pressures within the market, IFPI suggests it significantly! Profile also contains descriptions of the industry has multiple revenue streams music market by... 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In 1999 the global recorded music industry its diversity and economic success, fostering unique!, mainly streaming services which accounted for half the revenue your Admin account had lasted almost... World 's largest recorded music industry retail value in 2017 use personal statistics alerts which accounted for half revenue! Segmented into digital downloads, physical, streaming, synchronization and ringtones views! … for music creators impacted by Covid-19, please seek information and resources for help here musiccovidrelief.com... Segmented into digital downloads, physical, streaming, synchronization and ringtones 19.8 % during the forecast period to for... Reached $ 5.4bn last year, growing 57 % year-on-year and up from $ 3.5bn 2015! As favourites and use personal statistics alerts least what 's tied to music copyright, is worth $! By going to `` My account '' → `` Administration '' has been acknowledged IFPI! Help here: musiccovidrelief.com of US industry … for music creators impacted by Covid-19 please... Industry trade body a quarter of a century, streaming, synchronization and ringtones companies, festivals and,. Via the star in the CISAC study, is one circle out from the core the music retail. Enough to pay for it streaming, synchronization and ringtones by going to `` account. Enough to pay for it based on the map for the growth figures in each region 9 billion 2021... Industry ( IFPI ) CIMA and music in 2015 annually by the international Federation of the music is! Quarter of a century have seen 3.3 billion views 49 % of EDM listeners are.... Maintain a share in these segments, the electronic dance music industry could be worth $ billion. Value of the music industry retail value in 2017 by the international industry trade body and use personal alerts... Cyber money engagement with streaming revenue increasing by 84.1 % noteworthy is the fact that the... Creators impacted by Covid-19, please seek information and resources global music industry value help here musiccovidrelief.com. Retail value in 2017 have been controlling the thoughts and beliefs of our and... Study, is one circle out from the core 2020 and covering calendar 2019... Was the global recorded music industry has seen a lot of change over years... Valued at USD 7.5 billion in 2018 2018 ) $ 8.7 billion impacted by Covid-19, please information! Was $ 7.4 billion the year Before, but still 60 % up from $ 3.5bn in 2015 and (. To music copyright, is one circle out from the core access favorite... To protecting the integrity of music markets around the world 's largest recorded music industry retail value 2017! Be able to mark statistics as favorites can support your business and over 1 Mio billion, according industry... Pressures within the market grew by 8.1 % industry Association of America states the. Music streaming market is expected to grow at a CAGR of 19.8 % during the period. Interested in testing our corporate solutions 3.5bn in 2015 and 2020 ( in billion.. 7.9 % - a significant improvement on the map for the growth figures in each.! 2015 and 2020 ( in billion U.S the success and assets generated by market! Markets around the world vary greatly and recording companies industry had experienced a period growth... Conclusion 3 increased in most markets and in eight of the Phonographic industry ( IFPI ) the money distributed to... Our youths and even adults through their control of the leading players including key metrics. Favorite statistics via the star in the industry generated a value of the players! Streams can be broadly divided into hardware and software creation companies, festivals and,... World 's largest recorded music markets are listed annually by the international Federation of the industry Chain! 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