Music Industry Analysis: EDM Industry

EDM growth statistics for 2018:

In terms of music, there are some EDM growth statistics in the world that prove the value of music to society. Music, especially EDM, or electronic dance music, has had a considerable impact on the global target market and audience over the past few years. In the US alone, there are a few things that prove how much the EDM market is growing in the country. There is hardly any statistical data showing the impact of electronic dance music on the masses who listen to music every day.

Overall market:

In 2018, Billboard released market statistics to prove the value and value of the electronic dance music market. In this statistical report, the company achieved a 12% increase in one year, and the music revolution has undergone many changes. EDM has been incorporated into various types and subtypes, although it has become its own name. Although the overall market has been growing, there are some sub-markets that have already integrated into this market growth.

YOUTUBE subscription

One of the biggest helpers in this EDM market growth is YouTube. In the past few years alone, YouTube has merged for at least three different user areas. The growth rate of all types of smartphones is 60%, the growth rate of TV sets is 77%, and the growth rate of all game consoles is 175%. The YouTube album version released has a total of 2.3 billion views. This is a combination of videos. The growth of EDM on YouTube has brought some figures to the overall market.

Festivals and tickets

Another important supporter of the overall growth trend of the electronic music sector is festivals and tickets for various festivals and concerts. In the past few years, the total number of tickets for 2017 holiday and holiday tickets has been approximately 146,999,963. The monetary value of each ticket is different, which makes the annual festival season the largest in the year of sales of the electronic dance music department. This also includes the overall growth figures mentioned at the outset.

CLUBS

2018 seems to be an important starting year for EDM. Then, in 2017, with the overall strong growth, only 12 of the largest clubs in the United States began to conduct EDM in their clubs. These clubs include Las Vegas, Miami, New York, Los Angeles and San Francisco. Their total income is

A total of $900 million was generated and consolidated in 2016. To be sure, these numbers have grown over the past few years with the popularity of electronic dance music.

Album

The album dedicated to electronic dance music also contributed to the overall development of this type of music. In 2014, 12 EDM-specific albums appeared in the top 100 albums of the year. In 2016, there were 36. This means 12 albums, including electronic dance music, selling enough albums to enter the top 100 albums of the year. Considering how many people have enough influence on music to buy an album, this is just one reason why EDM has grown significantly over the past few years.

Summary statistics

• 147,000,000 EDM holiday tickets sold each year
• The global economic value of the EDM industry is currently estimated at $7.1 billion.
• Only 45% of EDM listeners are women
• In Europe, one in seven people recently participated in EDM activities.
• It is estimated that North America accounts for 29% of the EDM industry.
• Spotify only gets 12 billion streams from electronic music types

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