When it comes to music, the planet has a few EDM growth numbers that prove exactly how precious music is to society. Music, more especially EDM, or electronic dance music, has made quite the impact these past couple of years toward their target market and listeners throughout the world. Just in the U.S. alone, there are numerous things that prove exactly how much the EDM market is beginning to grow in the nation. Here area few statistics that show the effect that digital dance music has been having on the masses who listen to music every day.
In 2018, Billboard published a marketplace statistic that proved the worth and value of the digital dance music market. In this statistical statement, the company reveals a 12-percent growth within one year where many changes took place with this musical revolution. EDM has since been incorporated in a variety of genres and subgenres, though it’s made quite the name for itself too. While the overall market has been growing, there are a few submarkets that have integrated into this market development.
One of the biggest helpers in this EDM market growth was YouTube. Just in the last couple of years ,YouTube has incorporated for at least three unique areas of subscribers. 60-percent growth has been seen on smartphones of all sorts, 77-percent on televisions, and 175-percent on all gaming consoles. The YouTube versions of the albums released had grossed a total of 2.3 billion viewpoints. This is a combination of videos. This expansion for EDM on YouTube has brought a few numbers up in the overall market.
Another big supporter of this general growth trend in the digital music department is the festivals and tickets to several festivals and concerts. In the last few decades, the 2017 sales from festivals and tickets to festivals have been grossed around 146,999,963 complete tickets. The money value for each ticket is different, which makes the yearly festival season the biggest times of the year for sales in the electronic dance music department. This has also integrated with that total growth number cited at the beginning.
2018 seems to have been the big starting year for EDM. In 2017, in addition to the intense general expansion, 12 of the largest clubs in the U.S. alone began to play with EDM in their own clubs. These clubs include areas like Las Vegas, Miami, New York, Los Angeles, and San Francisco. Their total revenue was
Generated and combined to come up with a total of $900 million just in 2016. It is safe to say that these numbers have grown in the last few years as the popularity of electronic dance music has grown too.
Albums that focus on digital dance music has also contributed to the overall growth of this genre of music. In 2014, there were 12 EDM particular albums that were known at the top 100 selling albums during that year. in 2016 there were 36. This means that 12 records, covered in electronic dance music, sold enough records to be in the top 100 records for that year. Considering how many people were entranced with the music enough to purchase albums is only 1 reason why EDM has increased considerably in the past few years.
147,000,000 EDM festival tickets are offered yearly
The International economic value of the EDM Industry is currently estimated at $7.1 Billion
Only 45 percent of EDM listeners are female
In Europe, 1 in 7 people have recently attended an EDM event
North America is estimated to represent around 29 percent of the EDM industry
Spotify commands 12 billion streams from electronic music genres alone