GITNUX MARKETDATA REPORT 2024

Music Piracy Statistics And Trends in 2024

With sources from: ifpi.org, riaa.com, musically.com, bbc.com and many more

According to our research, the Indian music industry suffered a staggering $250 million loss to piracy in 2018. Market Data Report unveils a wealth of music piracy insights: from the impact on global economies to the rise of streaming services combatting illicit downloads. Surprisingly, 98% of music

Statistic 1

"The Indian music industry lost approximately $250 million to piracy in 2018."

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Statistic 2

"Music piracy is more common on mobile devices, accounting for 52% of all piracy-related downloads."

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Statistic 3

"50% of piracy issues arise due to users' unwillingness to pay for music."

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Statistic 4

"In Germany, 46% of music obtained by individuals aged 13-24 was through unauthorized sources in 2020."

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Statistic 5

"Approximately 39% of all music acquired by consumers in 2019 was pirated."

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Statistic 6

"The introduction of affordable music streaming services like Spotify has resulted in a 45% reduction in piracy in the past five years."

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Statistic 7

"75% of musicians believe that piracy negatively impacts their income."

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Statistic 8

"40% of respondents aged 14 to 25 admitted to pirating music tracks online in Spain."

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Statistic 9

"Album sales in the United States dropped by nearly 50% from 2003 to 2013 due to digital piracy."

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Statistic 10

"In 2020, global recording music piracy caused the industry an estimated loss of $12.5 billion annually."

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Statistic 11

"98% of music on torrent sites is illegally shared."

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Statistic 12

"Streaming sites have helped reduce piracy by 34% in the past decade."

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Statistic 13

"In Brazil, 67% of music is consumed illegally."

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Statistic 14

"35% of global Internet users consumed music illicitly in 2018."

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Statistic 15

"20% of all Internet users admit to engaging in music piracy."

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Statistic 16

"60% of young adults in South Korea acknowledged accessing music illegally."

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Statistic 17

"95% of music downloads are illegal according to the International Federation of the Phonographic Industry (IFPI)."

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Statistic 18

"Music piracy in the United Kingdom caused an estimated £200 million loss in retail value in 2019."

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Statistic 19

"42% of 16–24-year-olds accessed music through illegal means in 2018."

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Statistic 20

"The Recording Industry Association of America (RIAA) reported that music piracy resulted in over 70,000 lost jobs and a loss of $2.7 billion in worker earnings for the U.S. economy."

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Interpretation

In 2020, the global music industry suffered a staggering $12.5 billion loss due to recording music piracy, showcasing the persistent challenge that illegal music consumption poses. Surprisingly, 50% of piracy issues stem from users' reluctance to pay for music, hinting at a deeper-rooted issue of perceived value and accessibility. The impact on musicians is profound, with 75% reporting negative income consequences due to piracy. Furthermore, the prevalence of music piracy is evident across vario

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