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 ...

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 ...

Nightlife Spots In Mumbai You Can Party At After 1AM

Of many things that Mumbai is popular for, nightlife is one. A drive along ...

Cafés In Delhi/NCR With Interesting Concepts For When You Want More Than Just A Meal

Cafes in Delhi are popping up everywhere. A couple of years ago Delhi was a ...

Mashd N Kutcher Are Bringing The Heat With A Three City India Run

Australian electronic duo Mashd & Kutcher have quickly become the bigge ...

TRENDING

"Castle" & "Arose" From Revival Recall How Eminem Almost Quit Rapping And Died From A Drug Overdose

We're all familiar with Eminem's dark days. He has collapsed a few times in ...

G-Eazy Blesses Us With "The Beautiful & The Damned" Release Feat. Halsey, Charlie Puth, A$AP Rocky & More

G-Eazy's album has been in the works for a long, long time. We remember hea ...

Eminem's Comeback Album "Revival" Is Out In Full Now

We've been hearing about this for a long time. Shady fans squeal at the tho ...

Armin van Buuren, W&W & Steve Aoki To Headline World's First Zero Gravity Party

Dance Music keeps on knocking down new records and galloping to unexplored ...

Check Out Who All Made It To The Billboard Top 100 This Year

Out of all the charts that depict a release's prowess, it's safe to say Bil ...

GVO Interview With BookMyShow Bossman Kunal Khambhati On Ed Sheeran, AR Rahman & More

BookMyShow has far superseded being just a ticketing platform and now 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