An Analysis of the Music Industry: EDM Industry


By Suman Choudhury

EDM GROWTH STATISTICS 2018:

When it comes to music, the world has a few EDM growth statistics that prove just how valuable music is to society. Music, more specifically EDM, or electronic dance music, has made quite the impact these past few years toward their target market and listeners all over the world. Just in the U.S. alone, there are several things that prove just how much the EDM market is starting to grow in the country. Here area few statistics that show the impact that electronic dance music has been having on the masses who listen to music every day.

OVERALL MARKET:

In 2018, Billboard released a market statistic that proved the value and worth of the electronic dance music market. In this statistical statement, the company shows a 12-percent growth within one year where many changes took place with this musical revolution. EDM has since been incorporated in various genres and subgenres, though it has made quite the name for itself as well. While the overall market has been growing, there are a few submarkets that have incorporated into this market growth.

YOUTUBE SUBSCRIPTIONS

One of the biggest helpers in this EDM market growth was YouTube. Just in the past few years alone,YouTube has incorporated for at least three different areas of subscribers. 60-percent growth has been seen on smartphones of all kinds, 77-percent on televisions, and 175-percent on all gaming consoles. The YouTube versions of the albums released had grossed a total of 2.3 billion views. This is a combination of videos. This growth for EDM on YouTube has brought a few numbers up in the overall market.

FESTIVALS AND TICKETS

Another big supporter of this overall growth trend in the electronic music department is the festivals and tickets to various festivals and concerts. In the past few years, the 2017 sales from festivals and tickets to festivals have been grossed around 146,999,963 total tickets. The money value for each ticket is different, which makes the annual festival season the biggest times of the year for sales in the electronic dance music department. This has also incorporated with that overall growth number mentioned at the start.

CLUBS

2018 seems to have been the big starting year for EDM. Well, in 2017, along with the intense overall growth, 12 of the largest clubs in the U.S. alone began to play EDM in their clubs. These clubs include places like Las Vegas, Miami, New York, Los Angeles, and San Francisco. Their total revenue was

generated and combined to come up with a total of $900 million just in 2016. It is safe to say that these numbers have grown in the past few years as the popularity of electronic dance music has grown as well.

ALBUMS

Albums that specialize in electronic dance music has also contributed to the overall growth of this genre of music. In 2014, there were 12 EDM specific albums that were known in the top 100 selling albums during that year. in 2016 there were 36. This means that 12 albums, covered in electronic dance music, sold enough albums to be in the top 100 albums for that year. Considering how many people were entranced with the music enough to purchase albums is only one reason why EDM has grown considerably in the past few years.

SUMMARY STATISTICS

147,000,000 EDM festival tickets are sold annually

The global economic value of the EDM Industry is currently estimated at $7.1 Billion

Only 45% of EDM listeners are female

In Europe, 1 in 7 people have recently attended an EDM event

North America is estimated to represent around 29 percent of the EDM industry

Spotify commands 12 billion streams from electronic music genres alone

Post a Comment

Informations From: Taun17

Previous Post Next Post
  • Dealing With Social Anxiety in a Loved One

    A social anxiety disorder entails living with excessive or unreasonable fear of social situations. People with this disorder are usually afraid that they will make a mistake or appear ridiculous in front of others, get embarrassed or humiliated. Such people live under the constant fear of being judg... Readmore

  • Social Anxiety Disorder

    Anti anxiety medications might offer one quick solution to your anxiety problems. These types of drugs include traditional anti-anxiety drugs (benzodiazepines), as well as newer options like antidepressants and beta-blockers. They can help reduce your anxiety while you undergo therapy to get to the ... Readmore

  • Depression Can Strike Anyone at Anytime

    Even though the majority of us are more aware of the prevalence of mental illness, there is still a stigma attached to the subject and many of us often still find it an uncomfortable issue to discuss.Whether we know someone who is suffering from depression or not, we should all remember that mental ... Readmore

  • The Hug Factor

    One goal of longevity researchers is to keep your body from aging and dying for as long as possible. The other is to preserve your brain. Oddly enough, the secret to both may lie in childhood, I gestures as natural as a hug between mother and child or as purposeful as a little extra stimulation.Stan... Readmore

  • Uncovering the Weight & Lifestyle Connection

    Why do some people have a harder time losing weight than others?Some people have really low metabolisms due to inborn genetic conditions. Others develop hormone-imbalance disorders like hypothyroidism later in life, which can also make losing weight nearly impossible without proper treatment.However... Readmore

  • There Are Many Benefits Of Working With A Trainer

    Personal training is a wonderful way for you to get your goals in motion and to see them develop. Quit dreaming of losing weight, increasing your energy levels, and feeling your best. Make it a top priority. Eliminate the excuses too including being too busy or not being able to afford it. Carve tim... Readmore

  • Components Of Leadership PRECISION

    Great leadership rarely just happens! Rather, it is generally, a result of a combination of factors, including: personal desire; self - confidence; a need to serve (and make a difference, for the better); a can- do, positive attitude; discipline; training, learning, etc; empathy; integrity, etc. One... Readmore

  • Why Leaders Must Remain ALERT

    Most people underestimate how much a leader needs to know, pay attention to, consider, and do, because they are not intimately involved in the process. The fact is, effective leadership requires a wide variety of talents, variables, assets, etc, which must be combined with a well - developed aptitud... Readmore

  • Long-Term Drug Abuse Can Weaken The Heart

    In recent times, there has been a dramatic increase in the use of illicit drugs in the U.S., owing to an array of factors such as stress, anxiety, depression, family history or peer pressure, among others. As per a report by the Centers for Disease Control and Prevention (CDC), in 2014, approximatel... Readmore

  • Are Supplements Essential To Good Health?

    First of all, supplements are not intended to replace a healthy diet; they merely play a support role. My foremost recommendation for better health is still to include as much wholesome, organic foods in the diet as possible. Ideally, you also want to spend some time outdoors everyday. However, for ... Readmore