· the global electronic music business went from strength to strength in 2023 as total revenues jumped 17 percent year-on-year, the latest ims business report shows. · the global electronic music market is on track for significant expansion, with a forecast from wise guy reports predicting a surge from $12. 02 billion in 2024 to a staggering $24. 5. · after strong growth in recent years, the global electronic dance music ( edm ) industry slipped 2% to a value of us$7. 1 billion. That values the industry at $11. 8 billion, up from $10. 1 billion in 2022 and $ 7. 5 billion in 2021. The report credited the rise of music streaming services, as well as the growing pulling power of electronic music -focused events and festivals, as key market drivers. This valuation spans various revenue streams, from live events and recorded music sales to streaming revenues, advertising partnerships, and merchandise. Increasing awareness of performance optimization and. · the electronic dance music market size will valued at usd 14. 56 billion in 2026 and is expected to rise to usd 23. 28 billion by 2035, with a cagr of 5. 36%. · a 2019 report by the international music summit (ims) noted the edm industry’s global worth to be $7. 4 billion. · future growth opportunities in the edm market are strongly supported by evolving consumer expectations and rapid technological advancements.
