An Analysis of the Music Industry: EDM Industry

An Analysis of the Music Industry: EDM Industry
An Analysis of the Music Industry: EDM Industry


In the case of music, the world has just a few EDM development statistics that show simply how beneficial music is to society. Music, extra particularly EDM, or digital dance music, has made fairly the affect these previous few years towards their goal market and listeners throughout the world. Simply in the U.S. alone, there are a number of issues that show simply how a lot the EDM market is beginning to develop in the nation. Right here space few statistics that present the affect that digital dance music has been having on the plenty who take heed to music day by day.


In 2018, Billboard launched a market statistic that proved the worth and price of the digital dance music market. On this statistical assertion, the firm reveals a 12-percent development inside one yr the place many modifications occurred with this musical revolution. EDM has since been integrated in numerous genres and subgenres, although it has made fairly the title for itself as nicely. Whereas the total market has been rising, there are just a few submarkets which have integrated into this market development.


One of the largest helpers on this EDM market development was YouTube. Simply in the previous few years alone,YouTube has integrated for not less than three totally different areas of subscribers. 60-percent development has been seen on smartphones of every kind, 77-percent on televisions, and 175-percent on all gaming consoles. The YouTube variations of the albums launched had grossed a complete of 2.3 billion views. This can be a mixture of movies. This development for EDM on YouTube has introduced just a few numbers up in the total market.


One other massive supporter of this total development development in the digital music division is the festivals and tickets to varied festivals and concert events. In the previous few years, the 2017 gross sales from festivals and tickets to festivals have been grossed round 146,999,963 complete tickets. The cash worth for every ticket is totally different, which makes the annual competition season the largest occasions of the yr for gross sales in the digital dance music division. This has additionally integrated with that total development quantity talked about at the begin.


2018 appears to have been the massive beginning yr for EDM. Properly, in 2017, together with the intense total development, 12 of the largest golf equipment in the U.S. alone started to play EDM of their golf equipment. These golf equipment embrace locations like Las Vegas, Miami, New York, Los Angeles, and San Francisco. Their complete income was

generated and mixed to give you a complete of $900 million simply in 2016. It’s protected to say that these numbers have grown in the previous few years as the recognition of digital dance music has grown as nicely.


Albums specializing in digital dance music has additionally contributed to the total development of this style of music. In 2014, there have been 12 EDM particular albums that have been recognized in the high 100 promoting albums throughout that yr. in 2016 there have been 36. Which means that 12 albums, coated in digital dance music, offered sufficient albums to be in the high 100 albums for that yr. Contemplating how many individuals have been entranced with the music sufficient to buy albums is just one cause why EDM has grown significantly in the previous few years.


  • 147,000,000 EDM competition tickets are offered yearly
  • The worldwide financial worth of the EDM Industry is at present estimated at $7.1 Billion
  • Solely 45% of EDM listeners are feminine
  • In Europe, 1 in 7 individuals have lately attended an EDM occasion
  • North America is estimated to symbolize round 29 % of the EDM trade
  • Spotify instructions 12 billion streams from digital music genres alone