GITNUX MARKETDATA REPORT 2024

Must-Know Music Industry Statistics [Latest Report]

Statistic 1

"Ticket prices for live concerts in the US have increased since 2015, and the seller is the one who influences the prices."

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Statistic 2

"Ticket prices for live concerts in the US have increased since 2015, and the seller is the one who influences the prices."

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Statistic 3

"Melon is the most popular music application in South Korea, with most users streaming Korean music on their smartphones."

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Statistic 4

"There are over 9,500 record labels operating in the United States."

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Statistic 5

"In 2020, Latin music’s market share increased by 19.3% in the U.S."

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Statistic 6

"96% of people listen to music through on-demand streaming services weekly."

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Statistic 7

"The global music publishing market was valued at $6.11 billion in 2020."

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Statistic 8

"In 2019, there were approximately 28,000 employed musicians and singers in the U.S."

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Statistic 9

"The United States is the largest music market, followed by Japan and the United Kingdom."

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Statistic 10

"The global recorded music market was valued at $23.09 billion in 2020."

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Statistic 11

"Taylor Swift was the best-selling artist worldwide in 2020."

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Statistic 12

"Independent music labels accounted for 39.9% of the global music market in 2020."

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Statistic 13

"Hip-hop became the most popular genre in the U.S. in 2020, accounting for 37% of music consumption in the U.S."

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Statistic 14

"Apple Music had 72 million subscribers in 2021."

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Statistic 15

"Women represented 20.2% of artists on popular charts in 2020."

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Statistic 16

"YouTube paid out over $4 billion to the music industry in the past 12 months through ad-supported and subscription-based streaming."

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Statistic 17

"Tencent Music’s total revenues reached $1.23 billion in Q4 of 2020."

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