2018 EDM GROWTH STATISTICS:
When it comes to music, the world has some EDM growth statistics that prove just how valuable music is to society. Music, more specifically EDM, or electronic dance music, has made a huge impact in recent years among its target market and listeners around the world. In the US alone, there are several things that show how much the EDM market is starting to grow in the country. Here are some statistics that show the impact that electronic dance music has had on the masses who listen to music every day.
GENERAL MARKET:
In 2018, Billboard published a market stat that demonstrated the value of the electronic dance music market. In this statistical state, the company shows a growth of 12 percent in a year where many changes took place with this musical revolution. Since then, EDM has been incorporated into various genres and sub-genres, though it has also made a name for itself. While the overall market has been growing, there are some sub-markets that have been incorporated into this market growth.
YOUTUBE SUBSCRIPTIONS
One of the biggest helpers in this growth of the EDM market was YouTube. In the last few years alone, YouTube has added at least three different areas of subscribers. It has seen a 60 percent growth in smartphones of all kinds, 77 percent in TVs, and 175 percent in all game consoles. YouTube versions of the released albums had grossed a total of 2.3 billion views. This is a combination of videos. This growth of EDM on YouTube has pushed up some numbers in the overall market.
FESTIVALS AND TICKETS
Another big supporter of this general growth trend in the electronic music department is festivals and tickets to various festivals and concerts. In recent years, festival and festival ticket sales in 2017 have raised around 146,999,963 total tickets. The monetary value of each ticket is different, making the annual festival season the biggest time of year for sales in the electronic dance music department. This has also been incorporated with that general growth number mentioned at the beginning.
CLUBS
2018 seems to have been the big starting year for EDM. Well, in 2017, along with intense growth across the board, 12 of the biggest clubs in the US started playing EDM in their clubs. These clubs include places like Las Vegas, Miami, New York, Los Angeles and San Francisco. His total income was
generated and combined to come to a total of $900 million in 2016 alone. It’s safe to say that these numbers have grown in recent years as the popularity of electronic dance music has also grown.
ALBUMS
Albums specializing in electronic dance music have also contributed to the overall growth of this music genre. In 2014, there were 12 EDM-specific albums that were known to be in the top 100 best-selling albums for 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 fascinated by music enough to buy albums, it’s just one of the reasons EDM has grown considerably in recent years.
STATISTICAL SUMMARY
- 147,000,000 tickets are sold for EDM festivals annually
- The global economic value of the EDM industry is currently estimated at $7.1 billion
- Only 45% of EDM listeners are women
- In Europe, 1 in 7 people have recently attended an EDM event
- North America is estimated to account for about 29 percent of the EDM industry.
- Spotify orders 12 billion streams from electronic music genres alone
