GITNUX MARKETDATA REPORT 2024

Music Production Industry Statistics

The music production industry is a rapidly growing sector with high demand for creative and skilled professionals, complemented by an increasing reliance on digital platforms for distribution and consumption.

Statistic 1

"Independent labels account for 41.4% of the global recorded music market in 2020."

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Statistic 2

"Sound design tools market is expected to reach USD 1.4 billion by the end of 2025."

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Statistic 3

"79% of music producers prefer digital over analog equipment."

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Statistic 4

"90% of established producers use software such as Ableton Live for their music projects."

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Statistic 5

"The United States accounts for 36% of the global music production market."

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Statistic 6

"The market for royalty-free music tracks is projected to reach USD 1.5 billion by 2025."

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Statistic 7

"In 2020, the revenue from digital music production and distribution services reached 8.77 billion USD in the U.S."

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Statistic 8

"The global music production software market size was valued at USD 2.90 billion in 2021 and is expected to expand at a CAGR of 9.1% from 2022 to 2030."

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Statistic 9

"Only 2% of Grammy-winning music producers are women."

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Statistic 10

"The Asia Pacific region is expected to witness the fastest growth in the music production software market with a CAGR of 11% between 2021-2028."

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Statistic 11

"Vocational music production schools in the U.S. saw a 35% increase in enrollment from 2019 to 2021."

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Statistic 12

"The live music production industry in the U.S. lost approximately $30 billion in 2020 due to the COVID-19 pandemic."

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Statistic 13

"Apple’s Logic Pro X is used by 50% of professional music producers in the U.S."

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Statistic 14

"72% of all music consumed globally in 2021 was created using digital audio workstations."

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Statistic 15

"The average annual income for music producers in the U.S. is $66,000."

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Statistic 16

"The adoption rate for AI in music production tools has increased by 65% in the last five years."

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Statistic 17

"Streaming services accounted for 83% of the total revenue of the U.S. music industry in 2021."

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Statistic 18

"The global music industry revenue was $21.6 billion in 2020."

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Statistic 19

"Over 85% of music producers say they started as hobbyists before turning professional."

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Statistic 20

"65% of music producers rate Pro Tools as the industry standard DAW."

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