Its generational impact is undeniable. Some saw the industryâs navel-gazing as a distraction from the fierce urgency of the protests around Floydâs death. Overall, the industry had a 34% growth in total streaming revenue. Your email address will not be published. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Music Industry Statistics from 2011 8% revenue growth to $5.2 billion in 2011 13.5% revenue growth to $241 million in subscription services 76% decrease in record store sales from 2000 – 2010 77.4% more projected drops by 2016 Online music sales surpassed physical music sales for the first time in 2011 New, Figures and insights about the advertising and media world, Industry Outlook . A study on the global music industry has shown that the worldwide live music industry will manage to generate total revenue of $31.49 billion by 2023. The sample included students who completed at least one standardized English, math, and science exam. Independent labels employ about 3,900 people. $14 million by early May from collecting societies, labels, publishers, streaming services, and artists all for the purpose of supporting their colleagues who are struggling due to the pandemic. The app was downloaded more than 4 million times from the Apple App Store that same year. The music industry does far better with racial and ethnic diversity. When looking at the links between music and intelligence, statistics suggest that heavy metal (previously labeled as outsiders and poor academic performersâ music) might be the choice of musical genre for the more brainy. Pop music might be just as violent as hip-hop and rap, according to a 2016 study. When looking at the benefits of music education, statistics and the data suggested the existence of a connection between studying music and academic achievement.Â. Although this research was done two years ago, itâs safe to assume that the results would be similar today as well. Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. A complex and very emotional art form, which also has the power to become a symbol, the driving force, and the voice of an entire generation (just think about the sixties or the less rebellious disco-fever of the seventies). Research suggests that liking heavy metal music might be a sign of high intelligence. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. The industry itself is going through significant changes thanks to A.I and other groundbreaking technology that will reshape not only the statistics about music but also the way people consume it. All in all, we all love music to some degree. DATA . Hip-hop and rap music violence statistics would still be the most prevalent in the data-pool. But growth in streaming is slowing down, leading to … Jazz and classical music were the least popular. Undeniably, 2020 is a year full of hardship for the live industry, as it has come to a standstill because of the ongoing coronavirus outbreak. In 2003, South Korea became the world's first music market where digital music sales surpassed those of physical formats. He then founded the music â¦ The industry itself is going through significant changes thanks to A.I and other. Live music has been about 33% of these total revenues each and every year. The second-largest music industry is Japanâs, with annual revenue of $2,757 million. Physical record sales are also projected to fall by 11.6% each year. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. For instance, in 1997. show that the global revenue from vinyl record sales totaled at around $144 million. The value added by the music industry to the U.S. economy reached $133.2 billion. We are happy to help. All important statistics are prepared by our experts – available for direct download as PPT & PDF! According to the Global Music Report, the United States is the largest music industry on the globe with annual revenue of around $5,916 million from recorded music, record sales, live performances, ticket sales, and merchandising. Source: U.S. Bureau of Labor Statistics, Occupational Employment Statistics The median hourly wage for musicians and singers was $30.39 in May 2019. Giving an exact number for 2020 would be quite difficult since the year isnât over yet. Lastly, his enthusiasm toward powerlifting also means that he's trying to be well-versed in other topics too, such as lifestyle, fitness, resistance training, bodybuilding, and strength sports. On the other hand, according to Statistaâs data, 56% of that 21.5 billion figure was made up of streaming, bringing in an estimated $11.9 billion on a global scale. Lastly, music industry statistics and user consumption will also change due to the latest A.I advances in music and marketing. Researchers also found that around one-third of the songs had references in them that degrade women by referring to them as sex objects or submissive. That's a little extreme. are one of those that will make a tremendous impact when it comes not just to the creation of music but to advertising as well. Over the years, the market has adapted well to the many changes. According to the IFPIâs latest report, Japanâs market was slowing, and thus, the entire continental market experienced a slower growth rate of a reserved 3.4% in 2019. 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The findings may suggest a connection between listening to music while studying and improved performance. A study published in 2019 in the Journal of Educational Psychology examined data gathered from more than 112,000 students who finished 12th Grade between 2012 and 2015 in British Columbia. High school students who study music perform better in English and math exams. Youtube music statistics clearly demonstrate the power of the online medium: in 2019, Despacito by Luis Fonsi became the most-viewed video on the platform with more than 6.55 billion streams. Industry Data. According to their. Directly accessible data for 170 industries from 50 countries Even though the numbers are promising even now, there are a lot of artists and labels bemoaning the growing trend of streaming, which, ultimately, can help drive even more revenue, according to experts. learly demonstrate the power of the online medium: in 2019, Despacito by Luis Fonsi became the most-viewed video on the platform with more than 6.55 billion streams. Publisher. The sample included students who completed at least one standardized English, math, and science exam. The average industry growth of independent label music production in the US from 2014 to 2019 is 2.5%. The dominance of digital isnât an actual death sentence to physical formats. A.I-enabled music writing will only make those numbers grow, and artists and labels will have to embrace other automated marketing techniques, as well, in order to gain the audienceâs attention. Employment in the UK music industry was a record 197,168 at the end of 2019. Market Size & Industry Statistics. It might be a bit of a grind to get out on the road and do a show or two every day, but there is no better way to really get exposure for an artistâs music. have quite impressive attendance numbers. Music Industry Revenue Statistics 1. Music, Film, TV and Political News Coverage. The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. This is not a pattern we see in other forms of entertainment media and something the music industry is getting right.