In 2024, the total revenue of the recorded music industry amounted to **** billion U.S. dollars. Global streaming revenues reached **** billion U.S. dollars in the same year. Overall, recorded music increased by nearly **** percent, representing a steady growth rate compared to the previous year. Music streaming – the motor of the industry Data on the revenue generated by the different segments of the music industry worldwide show that music streaming is responsible for by far the biggest share in the industry in recent years. The streaming revenue has been growing year by year since the late 2000s and early 2010s and overtook the revenue from physical sales as of 2017. With two thirds of the global music revenue in 2024 coming from streaming, it was undoubtedly the backbone of the industry. Smaller regional markets are catching up While the global music market rose by around five percent in 2024, this growth rate varied significantly when broken down regionally. Whereas growth in the biggest regional music markets, North America, Asia and Europe, remained in single digits, the music markets in Sub-Saharan Africa, Latin America, and the MENA region grew at a fairly high rate respectively.

In 2024, recorded music revenues in the Middle East and North Africa grew by **** percent, making this the fastest growing region among the seven taken into consideration in an annual report. The second-fastest growing region in terms of revenue was Sub-Saharan Africa, who followed closely behind with a growth of **** percent. Latin America, in turn, followed closely behind as well, having grown by **** percent. By contrast, the revenue growth in the rest of the world remained in single digits.

According to the International Federation of the Phonographic Industry report, in 2019, the global recorded music market grew by 8.2%, its fifth consecutive year of growth. The growth was predominantly driven by fans’ increasing engagement with music on paid streaming services, with the number of paid streaming accounts rising to 341 million by the end of 2019 and associated revenue increasing by 24.1%.

40 Years of Music Industry Sales

Data Description:

The record industry has seen a lot of change over the years.

8-tracks took a short-lived run at the dominance of vinyl, cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. That is, until it was digitally disrupted.

Looking back at four decades of U.S. music industry sales data is a fascinating exercise as it charts not only the rise and fall the record company profits, but seismic shifts in technology and consumer behavior as well. The Long Fade Out

For people of a certain age group, early memories of acquiring new music are inexorably linked to piracy. Going to the store and purchasing a $20 disc wasn’t even a part of the thought process. Napster, the first widely used P2P service, figuratively skipped the needle off the record and ended years of impressive profitability in the recording industry.

In this dataset you can find each year sales and analysis this matter.

Time period covered 1973 - 2019

While music streaming had been generating the vast majority of the global music market revenue for several years, in 2024, revenue from streaming also recorded the highest growth of all music segments, at *** percent. In fact, music streaming dominated the digital music market at the expense of other formats, such as downloads and other digital or physical sales who were the only segments shrinking in revenue in 2024.

The global music industry continues to evolve, with streaming services dominating revenue sources in 2024. Subscription audio streams accounted then for more than half of the industry's revenue at **** percent, while ad-supported streams contributed an additional **** percent. This shift towards digital consumption has reshaped the landscape, pushing traditional formats like physical sales and downloads to smaller market shares. Streaming's dominance grows As streaming platforms solidify their position, they now represent ** percent of the total global recorded music revenue. This trend reflects changing consumer preferences, with audiences favoring access models over ownership. The extensive range of titles available on platforms like Spotify for a set rate has contributed to this shift. Despite the overall growth, digital downloads revenue have seen a decline, contributing less than **** percent to the annual total in 2024. Regional disparities in digital music revenue While streaming leads globally, the digital music market shows significant regional differences. The United States stands at the forefront with **** billion U.S. dollars in revenue from the digital music segment, followed by China at *** billion. France trails behind with *** billion dollars, highlighting the vast gap between markets. These disparities underscore the varying rates of digital music adoption and market maturity across different countries.

Music Sales by Format and Year

Sales data for music industry by format and year

By Charlie Hutcheson [source]

About this dataset

The Music Industry Sales by Format and Year dataset provides comprehensive information on the sales data for different music formats over a span of 40 years. The dataset aims to analyze and visualize the trends in music industry sales, specifically focusing on various formats and metrics used to measure these sales.

The dataset includes several key columns to facilitate data analysis, including Format which represents the different formats of music sales such as physical (CDs, vinyl) or digital (downloads, streaming). Additionally, the column Metric indicates the specific measure used to quantify the sales data, such as units sold or revenue generated. The column Year specifies the particular year in which the sales data was recorded.

To provide a more comprehensive understanding of each combination of format, metric, and year, additional columns are included. The Number of Records column denotes the total number of entries or records available for each unique combination. This information helps assess sample size reliability for further analysis. Moreover, there is an Actual Value column that presents precise numerical values representing the actual recorded sales figure corresponding to each format-metric-year combination.

This dataset is obtained from credible sources including RIAA's U.S Sales Database and was originally presented through a visualization by Visual Capitalist. It offers insights into historical trends in music industry sales patterns across different formats over four decades.

In order to enhance this dataset visual representation and further explore its potential insights accurately, it would be necessary to perform an exploratory analysis assessing: seasonal patterns within each format; changes in market share across multiple years; growth rates comparison between physical and digital formats; etc. These analyses can help identify emerging trends in consumer preferences along with underlying factors driving shifts in market dynamics. Additionally,the presentation media (such as charts or graphs) could benefit from improvements such as clearer labeling, more detailed annotations,captions that allow viewers to easily interpret visualized information,and arrangement providing a logical flow conducive to understanding the data

How to use the dataset

Dataset Overview

The dataset consists of the following columns:

• Format: The format of the music sales, such as physical (CDs, vinyl) or digital (downloads, streaming).
• Metric: The metric used to measure the sales, such as units sold or revenue generated.
• Year: The year in which the sales data was recorded.
• Number of Records: The number of records or entries for each combination of format, metric and year.
• Value (Actual): The actual value of the sales for each combination of format, metric and year.

Key Considerations

Before diving into analyzing this dataset, here are some key points to consider:

• Categorical Variables: Both Format and Metric columns contain categorical variables that represent different aspects related to music industry sales.
• Numeric Variables: Year, Number of Records, and Value (Actual) are numeric variables providing chronological information about record counts and actual sale values.

Interpreting Insights

To make meaningful interpretations using this data set:

Analyzing Different Formats:

• You can compare different formats' popularity over time based on units sold/revenue generated.
• Explore how digital formats have influenced physical format sales over time.
• Understand which formats have experienced growth or decline in specific years.

Evaluating Different Metrics:

• Analyze revenue trends compared to unit count trends for different formats each year.
• Identify metrics showing exceptional growth/decline compared across differing years/formats.

Understanding Sales Trends:

• Examine the relationship between the number of records and actual sales value each year.
• Identify periods where significant changes in music industry sales occurred.
• Observe trends and fluctuations based on different formats/metrics.

Visualizing Data

To enhance your analysis, create visualizations using this dataset:

• Time Series Analysis: Create line plots to visualize the trend in music sales for different formats over time.
• Comparative Analysis: Generate bar charts or grouped bar plots...

Data on recorded music industry revenue in the United States from 2009 to 2024 shows steady growth from 2015 onwards. The revenue reached over ** billion U.S. dollars in 2024, up from the ***billion reported in the previous year. Music is the revenue driver of the audio market With music being part of everyday life as well as a popular form of entertainment, it has been the most popular audio format and is likely to remain the revenue driver of the industry. Global recorded music revenue alone generated a total of **** billion U.S. dollars in 2024. In the United States, recorded music industry revenue amounted to **** billion U.S. dollars in 2024, which is more than twice as much compared to 2009. Streaming is dominating music consumption Over the years, streaming has become increasingly popular, overtaking other forms of music consumption. Especially physical sales of music have experienced a sharp drop in numbers, only slightly recovering in recent years. Nonetheless, while streaming is by far the most popular way of consumption, the boom it has experienced over the last 10 years or so seems to be slowing down. In 2022, global music streaming revenue only grew by **** percent, which is a significant drop from the growth rate of **** percent in the year before. In 2024, the recorded growth dropped to *******************.

Global Sheet Music market size was $389.4 Million in 2022. Sheet Music Industry's Compound Annual Growth Rate will be 0.02% from 2023 to 2030. What is Driving Sheet Music Market Growth?

Increasing popularity of live music entertainment

The increasing popularity of live music entertainment is a key driving factor contributing to the demand for the sheet music market. The increasing number of genres and musicians is ultimately creating a significant impact on the sheet music market. For example, the global music industry is worth over USD 50 billion, in 2020, with two major income streams. Where live music, makes up over 50% of total revenues and is resultant mainly from sales of tickets to live music performances. Live music performances lead to increased interest in the music being performed, and this can lead to increased demand for sheet music. A popular band or artist performs a new song live for the audience, so they want to learn how to play that song themselves. This can result in increased sales of sheet music for that song. Live music performances can serve as a platform for promoting sheet music. Musicians can sell sheet music at their live shows or promote it through merchandise sales. Additionally, performances can generate excitement for new sheet music releases which lead to increased sales. The popularity of live music entertainment can also result in increased interest in music education, as more people become involved in learning to play musical instruments. They are increasingly required to sheet music to practice and improve their skills. All these aforementioned factors are positively influencing the growth of the sheet music market.

Surge in digital music platforms (Access Detailed Analysis in the Full Report Version)

Digital platforms have transformed the way sheet music is accessed, shared, and learned. Websites and mobile applications such as Musicnotes, Musescore, and Sheet Music Plus provide vast libraries of downloadable content, tutorials, and interactive learning resources. This transition to online platforms has broadened the market on a global scale, reaching enthusiasts in distant areas. It also facilitates immediate access to the sheet music of trending songs, enhancing responsiveness to new releases and live performances, thus maintaining a steady demand among tech-savvy musicians and students.

Rising Interest in Music Education

The sheet music market greatly benefits from the increasing global interest in structured music education. Educational institutions, online courses, and private lessons necessitate printed or digital sheet music as a crucial learning resource. With a growing number of parents enrolling their children in music classes and adults engaging in musical hobbies during their leisure time or retirement, sheet music becomes vital for practice and advancement. Additionally, government support for arts education and community music initiatives further strengthens the significance of sheet music in educational settings.

Key Restraints of live music entertainment

Copyright and Licensing Challenges

The sheet music industry frequently encounters obstacles related to copyright regulations, which restrict the accessibility and affordability of authorized transcriptions. The unauthorized distribution through piracy or unlicensed platforms diminishes revenue for both publishers and creators. Additionally, stringent licensing laws can hinder musicians from publicly performing or teaching with specific sheet music. This limitation discourages some educators, learners, and performers from acquiring official versions, thereby decreasing the potential market size and complicating international sales and distribution.

Decline in Traditional Print Media

Although digital access is on the rise, the demand for traditional printed sheet music is diminishing. A significant number of older consumers and institutions continue to depend on print; however, increasing production costs and distribution challenges are rendering printed sheet music less feasible. Environmental concerns, along with the transition to digital devices such as tablets for musicians, further diminish the demand for physical copies. This trend compels publishers to either adapt to digital formats or face the risk of obsolescence, leading to transitional difficulties in logistics and profitability.

Limited Reach in Emerging M...

Snapshot img

Recorded Music Market Size 2024-2028

The recorded music market size is valued to increase by USD 38.87 billion, at a CAGR of 20.6% from 2023 to 2028. Increasing preference for on-demand music services will drive the recorded music market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 34% growth during the forecast period.
By Type - Digital segment was valued at USD 10.9 billion in 2022
By segment2 - segment2_1 segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 277.44 million
Market Future Opportunities: USD 38868.30 million
CAGR from 2023 to 2028 : 20.6%

Market Summary

The market is experiencing a significant shift towards on-demand streaming services, driven by consumers' desire for convenience and access to a vast music library. According to recent studies, streaming now accounts for over half of the recorded music industry's revenue, with traditional sales of CDs and downloads declining. This trend is expected to continue, as more consumers opt for the flexibility and affordability of streaming services. However, the market faces challenges, including the issue of illegal downloads and piracy. These activities not only undermine artists' rights but also impact the industry's revenue. To mitigate these challenges, record labels and streaming platforms are investing in technology and partnerships to improve compliance and operational efficiency.
For instance, some companies are implementing advanced algorithms to detect and prevent piracy, while others are collaborating with rights holders to ensure proper compensation. A real-world example of this is a major record label that optimized its supply chain by integrating its digital and physical distribution channels. By using real-time data analytics, the label was able to forecast demand more accurately, reducing inventory holding costs and improving overall efficiency. This, in turn, led to a 15% increase in revenue and a 20% reduction in error rates. By staying abreast of market trends and investing in technology, the recorded music industry continues to adapt and thrive in the digital age.

What will be the Size of the Recorded Music Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Recorded Music Market Segmented ?

The recorded music industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Digital
  Physical
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    Japan


  Rest of World (ROW)

By Type Insights

The digital segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with streaming services dominating its digital segment. This segment, which includes ad-supported and premium subscription models, experienced significant growth since 2014. As of 2022, over 520 million paid subscribers worldwide utilize music streaming platforms, marking a substantial increase from the 443 million in 2021. The US represents a substantial market for these services. Beyond streaming, various aspects of music production and distribution persistently innovate. These include studio monitoring systems, MIDI controller keyboards, music synchronization licensing, music distribution services, audio plug-in development, and audio mixing techniques. Interactive music formats, virtual instruments plugins, and music licensing agreements also contribute to the market's evolution.

Virtual studio technology, bit depth resolution, mastering software plugins, and metadata tagging standards further shape the landscape. Despite the digital shift, traditional aspects such as acoustic treatment design, sound design techniques, royalty collection systems, and digital rights management remain crucial. Lossless audio compression, high-resolution audio codecs, and dynamic range compression continue to refine the listening experience.

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The Digital segment was valued at USD 10.9 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 34% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Recorded Music Market Demand is Rising in APAC Request Free Sample

The European the market is experiencing significant growth, driven by the increasing number of music enthusiasts and the rising demand for recorded music in key countries such as the UK, Germany, and France.This growth c

The Music Market Report is Segmented by Revenue Generation Format (Streaming, Digital Downloads, and More), Genre (Pop, Rock, Hip-Hop/Rap, Electronic/Dance, and More), Distribution Channel (Online Platforms, and Offline/Brick-and-Mortar Retail), End User (Individual Consumers, Commercial Establishments, Media and Entertainment Producers, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

US Recorded Music Revenues by Format

US Recorded Music Revenues by Format in 2019 (Inflation Adjusted)

By Throwback Thursday [source]

About this dataset

This dataset contains comprehensive information about the US recorded music industry in 2019 Week 10. It includes details on the various formats of recorded music, such as CDs, vinyl records, digital downloads, and more. The dataset also provides data on the respective years in which these records were made, allowing for accurate historical comparison and analysis.

Key metrics provided include the number of units sold for each format, as well as corresponding revenue generated from their sales. In addition to the raw revenue figures, this dataset offers an extra column that presents inflation-adjusted revenue values. These adjusted figures take into account changes in purchasing power over time and enable a fair comparison of different years' revenues.

Overall, this dataset offers valuable insights into the US recorded music industry's performance in terms of format popularity and economic gains throughout a specific week in 2019. Researchers, analysts, and music professionals can utilize this comprehensive dataset to explore trends within specific formats while considering both absolute revenue and inflation-adjusted figures

How to use the dataset

Introduction:

• Understanding the Columns: a) Format: This column categorizes the format of the recorded music, such as CD, vinyl, digital download, etc. b) Year: This column represents the year in which the data was recorded. c) Units: The number of units sold for a particular format of recorded music. d) Revenue: The revenue generated from sales for a specific format. e) Revenue (Inflation Adjusted): The column that shows revenue adjusted for inflation.

• Analyzing Formats: By exploring and analyzing the Format column in this dataset, you can gain insights into changing consumer preferences over time. You can identify which formats have gained popularity or declined over different years or periods.

• Understanding Revenue Generation: To understand revenue patterns in relation to various formats and years, analyze both Revenue and Revenue (Inflation Adjusted) columns separately. Comparing these two columns will help you assess changes due to inflation accurately.

• Exploring Units Sold: The column Units provides insight into how many units were sold for each format within a specific year or period. Analyzing this data helps understand consumer demand across various formats.

• Calculating Inflation-Adjusted Revenue: Utilize the Revenue (Inflation Adjusted) column when analyzing long-term trends or comparisons across different periods without worrying about how inflation affects purchasing power over time.

• Comparing Multiple Years or Periods: This dataset includes information specifically for 2019 Week 10. However, you can use this dataset in conjunction with other datasets covering different years to compare revenue, units sold, and format performance across multiple years.

• Creating Visualizations: Visualizations such as line charts or bar graphs can help represent patterns and trends more comprehensively. Consider creating visualizations based on formats over multiple years or comparing revenue generated by different formats.

• Deriving Insights: Make use of the information provided to identify trends, understand customer preferences, and make informed decisions related to marketing strategies or product offerings in the music industry.

Conclusion:

Research Ideas

• Analyzing the impact of different music formats on revenue: This dataset provides information on the revenue and units sold for different recorded music formats such as CDs, vinyl, and digital downloads. By analyzing this data, one can identify which format generates the highest revenue and understand how consumer preferences have shifted over time.
• Tracking changes in purchasing power over time: The dataset includes both revenue and inflation-adjusted revenue figures, allowing for a comparison of how purchasing power has changed over the years. This can be useful in understanding trends in consumer spending habits or evaluating the success of marketing campaigns.
• Assessing market performance by year: With data on both units sold and revenue by year, this dataset can be used to assess the overall performance of the US recorded music industry over time. By comparing different years, one can identify periods of growth or decline and gain insights into factors driving these changes, such as technological advancements or shifts in consumer behavior

Acknowledgements

&...

Key Music Streaming App StatisticsTop Music Streaming AppsMusic Streaming RevenueMusic Revenue by FormatMusic Streaming MarketshareMusic Streaming Subscribers by AppMusic Streaming Users by AppMusic...

Discover the booming digital music market! Explore key trends, growth drivers, and competitive landscapes in our in-depth analysis. Learn about market segmentation by age, music format (streaming vs. downloads), and geographic region, including North America, Europe, and Asia-Pacific. Get insights into the future of digital music streaming from 2025-2033.

The booming US live music market is projected to reach $14.37 billion by 2025, fueled by Gen Z & Millennial spending, technological advancements, and diverse event formats. Explore market trends, key players (Live Nation, AEG), and future growth projections in this comprehensive analysis. Recent developments include: February 2024: The Black Music Action Coalition (BMAC) and Live Nation announced the launch of a music business intensive course and paid internship program for Summer 2024. Aimed at aspiring music professionals nationwide, it includes a week-long Los Angeles course, keynote talks, and opportunities for internships and apprenticeships with Live Nation to foster industry access and equity.July 2023: Sony Corporation, a subsidiary of Sony Music Entertainment, a leading advocate of creative freedom, unveiled its latest brand platform and campaign, "For The Music," highlighting its top-notch audio offerings and services.. Key drivers for this market are: Growing Consumer Preference for Live Music Events and Experiences, Diverse Range of Events, Including Concerts, Festivals, and Special Performances. Potential restraints include: Growing Consumer Preference for Live Music Events and Experiences, Diverse Range of Events, Including Concerts, Festivals, and Special Performances. Notable trends are: The Live Music Ticket Sales Type is Thriving in the US Market.

The Digital Music Market Report is Segmented by Downloads (Website, Streaming), Revenue Model (Subscription-Based, Advertisement / Freemium, Pay-Per-Download), Platform (Mobile Devices, Desktop / Laptop and More), Content Type (Audio Music and More), End-Users (Individual Users, Commercial Establishments and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

40 Years of Music Sales

How has the sale of music changed over the years?

By Charlie Hutcheson [source]

About this dataset

This dataset contains information on the sales of different music formats across different years. It includes data on the number of records sold and the value of those sales. This dataset offers a glimpse into the evolution of the music industry over time and how different music formats have fared in terms of sales

How to use the dataset

This dataset contains information on the sales of different music formats across different years. The columns represent the type of format, the metric being measured, the year, the number of records sold, and the value of those records.

To use this dataset, one could analyze how music sales have changed over time for different formats. For example, one could compare how CD sales have changed versus vinyl sales. One could also look at how particular genres have fared over time. For example, one could compare hip-hop sales to country sales

Research Ideas

• Creating a visualization of the music industry sales data that is easy to understand and interpret
• Comparing the sales of different music formats over time
• Determining which music format is the most popular

Acknowledgements

Data Source

License

License: Dataset copyright by authors - You are free to: - Share - copy and redistribute the material in any medium or format for any purpose, even commercially. - Adapt - remix, transform, and build upon the material for any purpose, even commercially. - You must: - Give appropriate credit - Provide a link to the license, and indicate if changes were made. - ShareAlike - You must distribute your contributions under the same license as the original. - Keep intact - all notices that refer to this license, including copyright notices.

Columns

File: MusicData.csv | Column name | Description | |:----------------------|:-----------------------------------------| | Format | The type of music format. (Categorical) | | Metric | The metric being measured. (Categorical) | | Year | The year the data is from. (Numerical) | | Number of Records | The number of records sold. (Numerical) | | Value (Actual) | The value of the sales. (Numerical) |

Acknowledgements

If you use this dataset in your research, please credit Charlie Hutcheson.

The global recorded music market is booming, projected to reach $112.8 Billion by 2033, fueled by streaming, vinyl resurgence, and technological advancements. Discover key trends, major players, and regional insights in this comprehensive market analysis.

In 2024, streaming revenues reached 20.4 billion U.S. dollars worldwide, the highest ever recorded and nearly eight times the figure given for 2015, when music streaming revenue amounted to 2.6 billion. Streaming revenues now account for over 69 percent of total global recorded music revenue. The music industry is changing Over the last two decades, the music industry has been heavily impacted by the development of technology and the internet. Physical sales were the main source of revenue in the music industry before digital formats were invented. Even in 2000, U.S. album shipments still amounted to around 940 million U.S. dollars before dropping each year until the figure stood at just 37 million in 2023. This development is also mirrored in music industry revenue trends. Streaming has dramatically increased its share of U.S. music industry revenue, making up 84 percent in 2023, up by almost 20 percent from the figure recorded in 2017. Meanwhile, the share of music revenue generated by physical sales has decreased in equal measures, and in 2022 accounted for just 11 percent of the total. Streaming platforms With over 700 million paying music subscribers worldwide, streaming platforms have become an essential part of the music industry’s landscape. Swedish streaming giant Spotify has dominated the market for years and commands roughly one third of music streaming subscribers globally. On the other hand, Apple Music, making up 12.6 percent of the market, and Amazon with 11.1 percent, have struggled to keep up with Spotify’s growing audience. In the fourth quarter of 2024, Spotify’s revenue from its premium subscribers hit 3.7 billion euros and the climbing number of ad-supported users brought in an additional 537 million euros. By comparison, just seven years earlier in the corresponding quarter of 2016, Spotify’s premium subscriber revenue was 775 million euros and its ad-supported revenue just at nearly 100 million euros.

The revenue from sales of recordings by musical category for the record production and integrated record production and distribution industries, sound recording and music publishing (NAICS 512210 and 512220), for two years of data.