we’ve compiled for you show not only an industry worth billions but also a form of art that can give people a mental boost if needed. DATA . All important statistics are prepared by our experts – available for direct download as PPT & PDF! The findings may suggest a connection between listening to music while studying and improved performance. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Find detailed sales statistics on all music and sound equipment: 55 different categories, average unit prices, sales by price point, unit volume, retail and wholesale margins, year-to-date, and 10-year historical data. A study on the global music industry has shown that the worldwide live music industry will manage to generate total revenue of $31.49 billion by 2023. eren’t so promising for Asia. Music, Film, TV and Political News Coverage. learly demonstrate the power of the online medium: in 2019, Despacito by Luis Fonsi became the most-viewed video on the platform with more than 6.55 billion streams. ne thing’s for certain; the pandemic has posed new challenges that were previously unimaginable for the industry. The total revenue of the recorded music industry was worth around $21.5 billion in 2019. would still be the most prevalent in the data-pool. Streaming music accounted for 80% of industry revenues. View Trends, Analysis and Statistics. In a 2018 report published by Citigroup, the music industry generated 43 billion dollars in the United States, musicians received 12% of that. Published in 2017, the paper called Reviewing the Effectiveness of Music Interventions in Treating Depression found that in 26 studies, depression levels of the patients’ have significantly decreased over time in comparison to control or comparison groups. It’s difficult to tell just how much of an impact the health crisis will have on the. Elderly participants showed the most impressive improvements throughout both listening sessions and music therapy projects. ‘The music industry involves a lot of late nights and drinking, and in those situations it’s common for people’s sense of what’s appropriate to go out the window. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. Even though it has seen a deep fall by 2006, generating only $34 million globally, it managed to generate a staggering $416 million in sales in 2015. will improve in the foreseeable future, according to Statista. 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 Your email address will not be published. Live music is showing steady growth year over year. According to estimates, the live music industry will see a compound annual growth rate of 3.11% by 2023. still boast impressive numbers in the millions. According to their. Even though the British music industry is a force to be reckoned with, a report from 2019 by the Musicians’ Union suggests that music education in the UK is in a perilous state. Youtube music statistics clearly demonstrate the power of the online medium: in 2019, Despacito by Luis Fonsi became the most-viewed video on the platform with more than 6.55 billion streams. The list included various genres, from country to heavy metal. The Music Industry Census . According to the Global Music Report, the United States is the largest music industry on the globe with annual revenue of around $5,916 million from recorded music, record sales, live performances, ticket sales, and merchandising. According to the IFPI’s latest report, Japan’s market was slowing, and thus, the entire continental market experienced a slower growth rate of a reserved 3.4% in 2019. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. Recent music statistics show no signs or indications that this rapid growth of … The Music Industry Census . However, the plan has also led to drastic budget cuts and a demoralized workforce who have to do their jobs in poor conditions. Also, those who favored heavy metal also tended to have self-esteem problems. Independent labels employ about 3,900 people. Pop music might be just as violent as hip-hop and rap, according to a 2016 study. Researchers also found that around one-third of the songs had references in them that degrade women by referring to them as sex objects or submissive. Music industry statistics are all pervasive, yet because of this ubiquity they have been under-explored. The “Measuring Music” reported that, in 2017 alone, the British music industry contributed around £4.5 to the country’s overall economy, generated total export revenue of £2.6 billion, and provided a total of 145,815 full-time jobs, which is a 3% increase from the previous year. One of music therapy facts is that, according to the American Music Therapy Association’s survey, music therapists have worked with these age groups in their private practices, juvenile detention facilities, community health centers, in- and outpatient treatment centers, schools, and early intervention programs. Employment in the UK music industry was a record 197,168 at the end of 2019. It is anticipated that live music revenue in the U.S. will grow from $9.3 billion in 2015 to $11.69 billion in 2020. There is a big debate going on in the music industry about free music, and some people believe that all music must be free and that the only way to make money is merchandise and live shows. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. The music industry is the business of performing, recording, and selling music through a number of different methods. Of the study’s 1,239 performing artists, 42 percent were from minority groups, above the … Music subscription services accounted for more than $1 billion in revenues for the first time in 2013. Apply to Scientist, Senior Research Scientist, Research Scientist and more! Takeaway:Musicians have always made a majority of their money from touring. 4. That growth is primarily powered by the rise of streaming services. For instance, the Mawazine Festival in Rabat managed to gather around 2,7 million visitors in 2019, while the Donauinselfest in Vienna totaled at 2,4 million. Some saw the industry’s navel-gazing as a distraction from the fierce urgency of the protests around Floyd’s death. The sample included students who completed at least one standardized English, math, and science exam. The classic riff at the beginning of “Sweet Child o’ Mine” by Guns N’ … A 2007 study published by the National Academy for Gifted and Talented Youth surveyed 1,057 young members (aged 11 to 18) who represent the academic 5% in the UK in that respective age gap. A study on the global music industry has shown that the worldwide live music industry will manage to generate total revenue of $31.49 billion by 2023. Required fields are marked *. Over the years, the market has adapted well to the many changes. The classic riff at the beginning of “Sweet Child o’ Mine” by Guns N’ Roses … Since 2006, worldwide music industry revenues have been more than $60 billion each year. The sample included students who completed at least one standardized English, math, and science exam. The recording industry is growing, and revenue is up 16,5% in 2017, adding up to $8,8 billion in retail value. 23 Holiday Spending Statistics for a Happier 2021, 20 Work from Home Statistics You’re a Part Of, 24 Network Marketing Statistics to Keep Things Clear, 30 Leading Marketing Statistics You Need to Know in 2020, 20 Buff Facts Straight from the Steroid Statistics of 2020, 20 Phobia Statistics That Are Nothing to Be Afraid Of, 18 Amazing Retirement Statistics to Know in 2020, 21 Sleep Statistics For a Better Night’s Rest in 2020, 16 Game-changing Small Business Statistics for Entrepreneurs, Top 10 Stats And Facts About The Music Industry, The Best Protein Powder for Men in 2020 (Reviews & Guide), The Best Online Background Check Services of 2020, The Best Fat Burner for Men in 2020 (Reviews & Guide). Walter Tucker worked two unpaid internships while attending grad school in NYC in order to break into the music industry. Market Size & Industry Statistics. Walter Tucker worked two unpaid internships while attending grad school in NYC in order to break into the music industry. These global music industry revenue stats speak of a constant and steady growth trajectory since 2014, when the industry totaled at only around $14.2 billion. Total ticket revenues from the live music industry topped $3 billion. IFPI, the organisation that represents the recorded music industry worldwide, today issued its annual Global Music Report. The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. The record industry has seen a lot of change over the years. Vinyl record sales are still going strong. $ 3000; September 2020; 66 pages; The music streaming market in MEA is expected to grow from US$ 1536.4 million in 2019 to US$ 3228.5 million by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. Overall, the industry had a 34% growth in total streaming revenue. Generally speaking, TV shows are the most popular piracy content, and illegally downloaded copyrighted materials make up around 24% of the global bandwidth. With over a decade of experience in writing and two decades in making music, Szabolcs is all ears when it comes to creating written and audio content. Music Industry Music Industry stats cover areas related to the overall music landscape and includes digital music stats, listening habits, demographic data of music listeners, hardware / equipment data, industry revenue data, and other trends and stats related to music. 9 Music Industry Statistics jobs available on Indeed.com. Experts from the University of Missouri have analyzed the lyrics of over 400 top Billboard songs that hit the charts between 2006 and 2016. 3. As you can see, music isn’t only a form of art, but also a huge business and a great tool for boosting mental health and cognitive capacities. eight years after publishing the national music plan (with the aim of popularizing music all around the country),there have been some improvements in certain areas. We Talkin’ About Practice! Live music has been about 33% of these total revenues each and every year. The music industry is a general term for all the parties involved in the creation, performance, recording, promotion, and managing the profitable business of music. This made YouTube Music the world’s number one music application. A complex and very emotional art form, which also has the power to become a symbol, the driving force, and the voice of an entire generation (just think about the sixties or the less rebellious disco-fever of the seventies). data than referenced in the text. Music industries receipts reached $110.7 billion in 2015 while employee earnings surpassed $67.3 billion. According to the IFPI’s latest report, Japan’s market was slowing, and thus, the entire continental market experienced a slower growth rate of a reserved 3.4% in 2019. Before the Covid-19 pandemic struck, the UK music industry contributed £5.8bn to the UK economy in 2019, according to the Music By Numbers study published by UK Music. The music industry does far better with racial and ethnic diversity. Save my name, email, and website in this browser for the next time I comment. Physical record sales are also projected to fall by 11.6% each year. speak of a constant and steady growth trajectory since 2014, when the industry totaled at only around $14.2 billion. ( Statista) Live music is showing steady growth year over year. ‘The music industry involves a lot of late nights and drinking, and in those situations it’s common for people’s sense of what’s appropriate to go out the window. Music Industry 2020. The results were more pronounced for those who played an instrument rather than sung. The industry itself is going through significant changes thanks to A.I and other groundbreaking technology that will reshape not only the statistics about music but also the way people consume it. Increase in vinyl album sales in the U.S. in 2019, Recording music industry revenue in the U.S. 2019, Highest selling album in music history as of 2018, Top-selling digital song in the U.S. 2019, Global music publishing industry market share for Sony/ATV, Universal Music Group music publishing revenue in 2019, Warner Music Group music publishing revenue in 2020, Share of U.S. consumers who attended live music concerts in 2018, Most successful music tour in the U.S. in 2019, Total number of concerts promoted by Live Nation in 2019, Share of U.S. adults who consume music on weekday mornings 2018, Share of U.S. adults who listen to music every day 2018, Share of U.S.-based young adults who consider themselves avid music fans, Subscription and streaming music revenue in the U.S. in 2019, Most popular music and video app in the U.S. in terms of reach, Most popular music video in the U.S. 2019, Individual with the most Grammy Award wins of all time as of 2020, Number of Grammy Award categories as of 2020, Highest-paid musicians in the U.S. in 2018, Most popular music artists in the U.S. by consumption 2019, Best-selling vinyl LPs in the United States. As a result, some funds, like the MusiCares Covid-19 Relief Fund, managed to raise around. As an active touring/recording musician and creative writer, he focuses on exploring new places, experiences, and topics. It’s difficult to tell just how much of an impact the health crisis will have on the music industry revenue statistics. The major concern in the music industry is profits gained from companies that partake in tasks like publication, distribution and production of music around the world. These findings suggest that instrumental skills may transfer to the classroom better than vocal musical skills. Music, Film, TV and Political News Coverage. High school students who study music perform better in English and math exams. As a result, some funds, like the MusiCares Covid-19 Relief Fund, managed to raise around $14 million by early May from collecting societies, labels, publishers, streaming services, and artists all for the purpose of supporting their colleagues who are struggling due to the pandemic. It’s still a small portion of the $15 billion recording industry, but it also isn’t just a blip on the radar anymore. Korean pop singers such as TVQX, SNSD, Wonder Girls, and Psy currently attract unprecedented followers in Asia, Europe, and North America. 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. Music Canada and CONNECT Music Licensing partner for Industry Insider Video Series. According to DataProt’s gathered movie and music piracy statistics, around 70,000 jobs are lost in the US every year due to piracy. ggest that heavy metal (previously labeled as outsiders and poor academic performers’ music) might be the choice of musical genre for the more brainy. The value added by the music industry to the U.S. economy reached $133.2 billion. Even though the numbers are promising even now, there are a lot of artists and labels bemoaning the growing trend of streaming, which, ultimately, can help drive even more revenue, according to experts. Globally, 45% of internet users … Industry Data. He then founded the music … Additionally, 89.1% of parents are making financial contributions toward music lessons, and children who come from higher-income families are twice as likely to learn a musical instrument as those coming from less wealthy families. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Market Research > Media and Entertainment Due to varying update cycles, statistics can display more up-to-date The dominance of digital isn’t an actual death sentence to physical formats. However, what was interesting is the fact that pop music promoted violence at a rather similar level. The average industry growth of independent label music production in the US from 2014 to 2019 is 2.5%. Furthermore, music marketing will also change. Middle East and Africa Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User. According to their music education facts, eight years after publishing the national music plan (with the aim of popularizing music all around the country),there have been some improvements in certain areas. Research suggests that liking heavy metal music might be a sign of high intelligence. This book provides new ways by which to learn music by numbers. One thing’s for certain; the pandemic has posed new challenges that were previously unimaginable for the industry. On average, around 40,000 tracks were added to Spotify each day. Please do not hesitate to contact me. The most important key figures provide you with a compact summary of the topic of "Music in the U.S." and take you straight to the corresponding statistics. Get real time updates on the Music Industry with the latest reports, critical insights and stats from official sources. Second in line was rock music with 57%, while the third was electronic/house music with 32%. Undeniably, 2020 is a year full of hardship for the live industry, as it has come to a standstill because of the ongoing coronavirus outbreak. Search industry reports, statistics & slideshows. However, what was interesting is the fact that pop music promoted violence at a rather similar level. The IFPI’s 2018 consumer report suggests that pop music is the most popular music genre in the world, with around 64% of the 19,000 respondents from 18 countries labeling pop as their favorite type of music. More specifically, smart speakers and voice-mediated music will allow users to listen to the type of music that accommodates their mood without interacting with text interfaces or playlists. Even though it has seen a deep fall by 2006, generating only $34 million globally, it managed to generate a staggering $416 million in sales in 2015. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: In the following 8 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Music in the U.S.". Are you interested in testing our corporate solutions? A.I-enabled music writing will only make those numbers grow, and artists and labels will have to embrace other automated marketing techniques, as well, in order to gain the audience’s attention. The app was downloaded more than 4 million times from the Apple App Store that same year. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. This text provides general information. have quite impressive attendance numbers. The ongoing COVID-19 pandemic has managed to shake up the entire industry. As of 2019, there are 3,338 independent labels in the US. For starters, automation will reshape the way people make music. The major concern in the music industry is profits gained from companies that partake in tasks like publication, distribution and production of music around the world. Directly accessible data for 170 industries from 50 countries Your email address will not be published. Engagement with streaming drives growth of the global music market . Take note from pop stars like The Weeknd, Billie Eilish, and Charlie Puth, who’ve grown an affinity for the style but have a signature sound otherwise. When looking at record sales, in Japan, 72% of record sales were physical records, and only 21% of the sales were in digital form. Some saw the industry’s navel-gazing as a distraction from the fierce urgency of the protests around Floyd’s death. around 70,000 jobs are lost in the US every year due to piracy. According to the Children’s Music Workshop website, the average graduation rate in schools with no music education programs is 72.9%, while the attendance rate is 84.9%. View Trends, Analysis and Statistics. The latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. $14 million by early May from collecting societies, labels, publishers, streaming services, and artists all for the purpose of supporting their colleagues who are struggling due to the pandemic. The total revenue of the recorded music industry was worth around $21.5 billion in 2019. Understand the impact of the crisis on your market. There are many different types of people involved in this industry, from musicians who create and play music to sound engineers who work to properly record music and producers who oversee the entire process. Get real time updates on the Music Industry with the latest reports, critical insights and stats from official sources. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. liability for the information given being complete or correct. Music Industry Music Industry stats cover areas related to the overall music landscape and includes digital music stats, listening habits, demographic data of music listeners, hardware / equipment data, industry revenue data, and other trends and stats related to music. Nearly half of all on-demand streaming is done through YouTube. Find detailed sales statistics on all music and sound equipment: 55 different categories, average unit prices, sales by price point, unit volume, retail and wholesale margins, year-to-date, and 10-year historical data. Nevertheless, it surely justified the claims that music does not have any negative effects on, students who prefer listening to it while studying. Music festival statistics have quite impressive attendance numbers. Nevertheless, it surely justified the claims that music does not have any negative effects on students who prefer listening to it while studying. When looking at the, and the data suggested the existence of a connection between studying music and academic achievement.Â, The “Measuring Music” reported that, in 2017 alone, the British music industry contributed around. Around 97% of classroom music teachers fear that music education in the UK is not handled well by the government. Music industries receipts reached $110.7 billion in 2015 while employee earnings surpassed $67.3 billion. and over 1 Mio. For example, digital downloads are expected to drop by 19.2% in the same timeframe. Music Industry Statistics from 2011 8% revenue growth to $5.2 billion in 2011 13.5% revenue growth to $241 million in subscription services 76% decrease in record store sales from 2000 – 2010 77.4% more projected drops by 2016 Online music sales surpassed physical music sales for the first time in 2011 University of Missouri have analyzed the lyrics of over 400 top Billboard songs that hit the charts between and. 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