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 digital dance music, has made quite the impact these past couple of years toward their target market and listeners throughout the world. 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 reveal the effect that digital dance music has been having on the masses that listen to music daily.
In 2018, Billboard published a marketplace statistic that proved the worth and value of the digital dance music industry. In this statistical announcement, the company reveals a 12-percent expansion within one year where many changes took place with this musical revolution. EDM has since been integrated 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 couple of submarkets that have integrated into this market development.
Among the largest helpers in this EDM market increase was YouTube. Just in the last couple of years ,YouTube has integrated for at least three unique areas of subscribers. 60-percent growth was seen on smartphones of all sorts, 77-percent on televisions, and 175-percent on all gaming consoles. The YouTube versions of these records released had grossed a total of 2.3 billion viewpoints. This is a mixture of videos. This expansion for EDM on YouTube has attracted a few numbers up in the total market.
Another major supporter of this general growth trend in the digital music section is that the festivals and tickets to several festivals and concerts. In the last few decades, the 2017 earnings from festivals and tickets to festivals are grossed around 146,999,963 complete tickets. The money value for every ticket differs, which makes the yearly festival season the biggest times of the year for sales in the electronic dance music section. This has also integrated with that total growth number cited at the beginning.
2018 seems to have become the large starting year for EDM. In 2017, in addition to the intense general expansion, 12 of the biggest clubs in the U.S. alone started to play with EDM in their own clubs. These clubs include areas like Las Vegas, Miami, New York, Los Angeles, and San Francisco.
Generated and combined to think of a total of $900 million just in 2016. It’s safe to say that these numbers have grown in the last couple of years as the popularity of electronic dance music has grown too.
Albums that focus on digital dance music has also contributed to the overall development of the genre of music. In 2014, there were 12 EDM particular albums which were known at the top 100 selling albums during that year. 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 buy albums is just 1 reason why EDM has increased substantially in the last couple of years.
147,000,000 EDM festival tickets are offered yearly
The International economic worth of the EDM Industry is currently estimated at $7.1 Billion
Just 45 percent of EDM listeners are feminine
In Europe, 1 in 7 people have recently attended an EDM occasion
North America is estimated to represent around 29 percent of the EDM industry
Spotify commands 12 billion flows from digital music genres exclusively