Global EDM Market is now worth $6.9 BILLION

Posted at May 25th, 2015 | by Supreet.cheema | in

For those who say that EDM is just a phase and will pass soon, get ready to be disappointed by some real numbers. According to the latest annual report of International Music Summit (IMS) on the EDM industry, the global EDM industry had a value of $6.9 billion last year, up 12 percent from $6.2 billion in 2013.

 
ims-report-1024x722
 
The business report was unveiled during the annual International Music Summit held May 20th to 22nd in Ibiza. In building this figure, IMS has included a wide range of EDM-related categories, from live revenues to DJ product and software sales, and uses sources like The Economist, Nielsen and more. The reports show that North America alone is estimated to represent roughly 29 percent, or $2 billion, of the global market. Asia Pacific accounts for $1 billion of the EDM market.
 
The study also revealed some interesting stats about the EDM industry. For example the ten most popular DJs earned $305 million last year. The top 3 earners in the DJ category from 2012-2014 were Calvin Harris, David Guetta, and Avicii; Calvin Harris occupies the first position with an estimated $66 million, or nearly 1 out of every 100 dollars generated in last year’s $6.9 billion market. Check out the full IMS report here.

 

With such trends, the EDM market is showing no signs of slowing down anytime soon.

Supreet.cheema

TALK OF THE TOWN

Psy Legends Vini Vici Are Coming To India This November

Psychedelic Trance dignitary Vini Vici are planning an India tour later thi ...

20 Night Clubs In India That You Need To Party At

There are very little things that may beat going out partying that would ma ...

One Republic Are Coming To India Next Month

One of the greatest Pop-Rock bands of our time are hitting up India next mo ...

Troyboi Is Coming Back For An India Tour This Month

It seems like Troyboi will be coming back for more after his debut India to ...

10 Night Clubs In Mumbai That You Must Party At

Not every soul would agree but Mumbai is the most exquisite city when it co ...

Cafés In Mumbai That Won't Burn A Hole In Your Pocket

Mumbai is yuuge and as a result there are loads and loads of quirky and min ...

TRENDING

Travis Scott Assembles His Own Super Team In Hawaii To Wrap-Up Much Awaited Album "Astroworld"

Travis Scott's 3rd Studio album has been in the works for so long that some ...

Sensation Returns To India After 2 Year Hiatus

One of the biggest concerts in and around Amsterdam is making it's return t ...

Akon Launches With His Own Cryptocurrency "Akoin"

2.000 acres of land provided by the Senegalese President will be turned int ...

First Play: Illenium & Excision's Collab Is All Set To Drop

2 of the biggest names attached with Bass music have had a collaboration fo ...

Lost Stories Are In A League Of Their Own With Their Latest Future Bass Release

Lost Stories have really outdone themselves with this one! India's favorite ...

Axwell /\ Ingrosso Give Heartfelt Tribute To Avicii At Ultra Europe

Axwell /\ Ingrosso played a tantalizing set at Ultra Europe, Croatia. They ...


Find Events

In your city, in your neighbourhood. Coming soon.

What’s Trending

What trends never ends.

@grapevineonline

Follow Us on Insta for #GVOStuff