We searched the web and condensed our findings into this handy infographic to illustrate some of the more compelling data points and stats surrounding the music industry. Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. Followed closely by the United States and Mexico each at 62%, Canada and Germany at 59%, and the United Kingdom at 57%. 63% of young people aged 16-24 said they love music, higher than any other age group. 77% of listeners used YouTube for music in the Spring of 2019. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Performance rights – 14% That said, video’s share of streaming is falling: in the IFPI’s 2018 study, 52% of global on-demand streaming time was video; 28% was paid audio streaming; and 20% was free audio streaming. On average, consumers spent 4 hrs per week listening through a streaming platform in 2019. Digital (excluding streaming) – 12% It can feel like hip-hop and R&B are the dominant genres in the streaming era, but from a global perspective, pop is still tops according to the IFPI’s research. Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music … Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. The RIAA released its semiannual compilation of recorded music revenues this week. Let’s take a look at the main music industry statistics from the infographic. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. Report highlights: Music … Resonate. On average, people are spending around 18 hours a week listening to music, up from 17.8 hours a year ago. IFPI, the organisation that represents the recorded music industry worldwide, today released the Music Listening 2019 report, which examines the ways in which music consumers aged 16 – 64 engage with recorded music across 21 countries. As of March 2019… On a weekly basis, music lovers are more engages with +50% listening time in comparison to those who didn’t say they were fanatical about music. This 30% represents an average of 1 million new subscribers per month over the past year as of mid-2019. Music Statistics 2019 Music Statistics: Highlights from the Infographic. The average person living in India spent 19.1 hrs listening to music weekly, with 97% using smartphones to listen. That doesn’t mean smart speakers are a flop as a device category: it’s just some handy perspective for those excitable panels. Entrance Examination 2019. We divided statistics and data into two broad categories. The IFPI says that globally, music listeners average 5.4 hours a week listening to radio either live or on catch-up. Of course, smartphones are bigger for younger listeners: they account for 44% off the time 16-24 year-olds spend listening to music, according to the study. Mid-year music industry revenues in the U.S. grew by roughly 10% between the 1st half of 2017 and the 1st half of 2018, and roughly 17% between the 1st half of 2018 and the 1st half of 2019. Now, listeners spend roughly 3.5 hrs per week listening through streaming video. A sync license allows the licensee to use music under copyright by the copyright holder in film, ads, or other media. Performance rights revenue comes from licensed usage of recorded music in public places. It is the fourth consecutive year of global growth and the highest rate of growth since IFPI began tracking the market in 1997. The next highest countries are the US, the UK, and Australia at 34%, 30%, and 27% consecutively. The point I want to drive home with you is that these numbers should not drive what you do as an independent artist. Usage has not been as badly affected in the 35-54 bracket, and continues to rise among those aged 55+. Music Ally would love to see someone tackle this issue with a continent-wide survey of similar scale to the IFPI’s new report. The U.S. music market is not only the largest market in the world. France – 26% Music-industry conferences love a panel session on how smart speakers are The Hot Thing in music listening. Other mobile device – 4% The Live sector also continues to be a huge success, making a GVA … Okay, not really a surprise. Do not listen to the prognosticators, including me, if they tell you X is dying or Y is the future. … A third of all record company revenue totaling $5.8 billion was spent on developing and marketing their artists. Since they began tracking the industry in 1997, IFPI has reported four consecutive years of growth up to 2018. In fact, the top 10 favourite genres globally are, in order: Pop; Rock; Oldies; Hip-hop / Rap; Dance / Electronic; Indie / Alternative; K-Pop; R&B; and Classical. Report highlights: Music listening is up. 68% of 16-24-year olds chose a smartphone over all other devices. In the global list, ‘Oldies’ didn’t feature in the IFPI’s top-ten-genres list at all in 2018; hip-hop / rap has risen from fifth place to fourth; dance / electronic has fallen from third to fifth; and singer / songwriter has disappeared altogether –or possibly subsumed into other genres. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. The estimated economic impact on wages and salaries is $2 billion because of music piracy. The older data from 2018 may be useful if you’re looking to spot recent trends in the music industry. The International Federation of the Phonographic Industry (IFPI), which represents the recorded music industry worldwide, has issued a ‘music listening’ report for 2019. All You Need to Know, Ultimate Guide to the Best Thunderbolt Audio Interface. In the run-up to the Oscars ceremony of … That’s $2 billion coming out of the average worker’s paychecks every year. IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY GLOBAL CHARTS 11. Portable devices are now a significant part of the industry. Only 2.5% Say Music is “Unimportant” to Them. Hi-Fi or turntable – 8% Global vinyl revenues grew by 6% for a total of 3.6% of the recorded music market in 2018. 2.5% of those surveyed said music was of little importance to them. Dynamic, diverse markets drive global growth In 2018, the global recorded music market grew by 9.7%. This is still only 10% of overall streaming revenues. Recorded Music Industry in the 1st Half of 2019, U.S. That’s why finding ways to stop music piracy is a concern that everyone can share. Since file sharing was introduced in 1999, music sales in th… Subscriptions dominate the music industry, bringing in 62% of overall revenue and 77% of U.S streaming revenues. Impressive, compared to the 18 hours global average. Poland – 24% When it comes to listening time, South Korea falls some way short of Mexico, with an average of 13.9 hours a week. Germany – 21%. Smartphone – 27% One of the stats that jumps out from the report is this: the 25.6 hours a week that Mexicans spend (on average) listening to music. There are a few heartless souls in every group! The average person living in South Korea spent 13.9 hrs listening to music weekly, with 90% using smartphones to listen. (Journalism And Mass Communication) 2019. It’s a reminder of why Mexico has become such an influential market in the streaming ecosystem, capable of propelling Latin American tracks into the global charts of services like Spotify. As the music business scraps it out with every other industry for Covid-19 relief, a key part of its argument has been the economic value created by the industry. Figures as reported by airports are as follows: Rank Airport Location Country Code (IATA/ICAO) Total passengers Rank change % change 1. Hip-hop is a global phenomenon! A study by The Manifest found that 43% of businesses are expected to spend more money on email marketing in 2019. The IFPI’s study claims that video accounts for 47% of on-demand streaming consumption globally – remember, this doesn’t factor in YouTube-crazy India – compared to 37% for paid audio streaming, and 15% for free audio streaming. Netflix will spend over $17 billion on content in 2020. Revenues for mid-2019 (Music Statistics from RIAA), Total Revenue Grew 18% for the U.S. Music Therapy-Informed Music Listening. But while other genres abandoned the radio country music fans have remained remarkably loyal. YouTube has recently gained some traction in the streaming music market due to the high volume of video streamed strictly for music listening. It’s true that young people are the keenest streamers: 83% of 16-24 year-olds used audio-streaming services in the last month, and 63% in the last day. – 2018 YouTube EDM track releases have seen 3.3 billion views 49% of EDM listeners are female. (Translation Studies) 2019. 45% have used a standalone radio, and 10% have used a smart speaker. Music Canada provides annual Canadian music market sales reports on our Statistics page. Share via Email. 51% report using a smartphone to listen to music on the radio. That’s actually up by an hour year-on-year from the 4.4 hours reported in the 2018 study. Ph.D./M.Phil. Physical – 25% 49-50 Eagle Wharf Rd, London, N1 7ED, #7 K-Pop ( Statista ) Live music is showing steady growth year over year. Dynamic, diverse markets drive global growth In 2018, the global recorded music market grew by 9.7%. Older folks are catching on quickly! Important Notice: Effective January 15, 2019, the U.S. Music Royalty Fee has increased from 19.1% to 21.4% of the price of those packages. 70% report listening in the car, 64% report listening while relaxing at home, and 51% report listening while cooking or cleaning around the house. Here’s a list of some more interesting facts and statistics that didn’t make the short list for our infographic. Phd /M.Phil. Get exciting news, exclusive insights through leaders’ interviews, and much more! There are some useful stats on ‘device share’ of music listening time in the IFPI’s report. Synchronization revenues – 2%. The average person living in Mexico spent 25.6 hrs listening to music weekly, with 95% using smartphones to listen. IFPI, the organisation that represents the recorded music industry worldwide, today released the Music Listening 2019 report, which examines the ways in which music consumers aged 16 – 64 engage with recorded music across 21 countries. Since file sharing was introduced in 1999, music sales in th… The IFPI is upfront about its research methodology: for example the exclusion of its India and China surveys from the global figures in its new report. All figures are accurate as of the 2019–2020 academic year. But while other genres abandoned the radio country music fans have remained remarkably loyal. The 35-64 age group saw the largest increase in streaming service usage, at 8% in 2019. Number of Stations Playing Country and Western Music. In 2019, we listed nearly 35,000 performances of concerts, opera and dance – more than ever before. The International Federation of the Phonographic Industry (IFPI), which represents the recorded music industry worldwide, has issued a ‘music listening’ report for 2019. #9 R&B The average person living in China spent 17.7 hrs listening to music weekly, with 96% using smartphones to listen. The IFPI also reckons that 77% of respondents used YouTube for music in the past month. Tap or click to expand the graphic. This is a point that the IFPI stresses in the report. 2. And not just American music either: 26% of French 16-24 year-olds cited French-language hip-hop as their favourite genre. Synaptic Sound was founded in April 2018 as an educational and informational resource for electronic music producers, DJs, and enthusiasts. Streaming – 47% It’s that time of year again, when we at Bachtrack Towers take a deep breath and immerse ourselves in a deep dive into the statistics of last year’s performances. The more recent data came from a 2019 RIAA report on the U.S market, while the older data from 2018 also came from IFPI. https://bachtrack.com/files/158132-listings.png 510 228. Employment in the UK music industry was a record 197,168 at the end of 2019. The fact is this, there is no one way to do it today. The data in the Consumer Habits category came from a report from IFPI highlighting how people consume music worldwide. Number of Stations Playing Country and Western Music… The IFPI has consistently campaigned against various forms of piracy, and it’s not going to stop now just because legal streaming has pushed infringement to the margins of the industry’s concerns. 1944: 600+ 1964: 2,000+ 2016: 4,000+ It's us again, bringing you a whopping serving of bad news.