How To Listen To Music While Watching A Youtube Video An Analysis of the Music Industry: EDM Industry

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An Analysis of the Music Industry: EDM Industry

EDM growth statistics for 2018:

When it comes to world music, there are some EDM growth statistics that show that music has value for society. Music, especially EDM or electronic dance music, has made a huge impact in recent years towards their target market and listeners worldwide. In the United States alone, there are many indications that the EDM market is beginning to grow in the country. Here are some statistics that show the impact that electronic dance music has been on the masses who listen to music every day.

Common Market:

In 2018, Billboard released market statistics showing the price and value of the electronic dance music market. In this statistical statement, the company represents a 12 percent year-over-year growth that many changes have taken place with the music revolution. Since then, EDM has been included in various categories and subcategories, although it has made a name for itself. While the market as a whole is growing, there are a number of sub-markets that have contributed to this market growth.

YOUTUBE Subscriptions

One of the biggest helpers in this growing EDM market is YouTube. Just a few years ago, YouTube included for at least 3 different sections of subscribers. 60% growth was seen on all smartphones, 77% on TV and 175% on all gaming devices. The YouTube version of the released album received a total of 2.3 billion views. This is a combination of videos. This growth for EDM on YouTube has brought some numbers in the market as a whole.

Festivals and Tickets

Another big fan of the entire growth trend in the electronic music department is festivals and tickets for various festivals and concerts. In recent years, ticket sales for festivals and celebrations in 2017 received about 146,999,963 tickets. The price of each ticket is different, which makes the annual festival season the biggest time of the year for sales in the electronic dance music department. This also includes the total amount of growth mentioned at the outset.

Club

2018 seems to be a big start year for EDM. Well, in 2017, along with the overall increase, 12 major clubs in the United States alone started playing EDM in their clubs. These clubs include Las Vegas, Miami, New York, Los Angeles and San Francisco. Their total income is

Created and combined with a total of $ 900 million in 2016. It is safe to say that these numbers have increased in recent years as the popularity of electronic dance music has also increased.

Album

Albums specializing in electronic dance music also contributed to the overall growth of the genre. In 2014, there were 12 EDM-specific albums, known as the 100 best-selling albums of that year. In 2016, there were 36. This means that 12 albums covered by electronic dance music sold enough albums to enter the top 100 albums for that year. Considering how many people are included with enough music to buy an album is the only reason EDM has grown significantly in recent years.

Summary statistics

  • 147,000,000 EDM festival tickets sold every year

  • The current global economic value of the EDM industry is estimated at $ 7.1 billion.

  • Only 45% of EDM listeners are women

  • In Europe, 1 in 7 people attended a recent EDM event

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

  • Spotify orders 12 billion broadcasts from e-music alone

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