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.

 
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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

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