Last year, the global electronic music industry experienced a 6% growth, reaching a total value of $12.9 billion, as reported by the IMS Business Report 2025. Released at the International Music Summit (IMS) in Ibiza, the annual report delves into various aspects of the electronic music industry, including revenues, genre trends, audience behaviors, and artist insights. Notably, festivals and clubs played a significant role in generating the majority of revenues within the industry.
In 2024, the live music sector saw a substantial increase, surpassing double its pre-COVID revenues. Key players such as Live Nation, Eventim, and HYBE reported a combined income of around $27 billion. However, despite the revenue boost, the IMS Business Report highlighted that the spike was largely driven by an escalation in ticket prices rather than an uptick in ticket sales. This disparity has put small-scale and grassroots music venues at risk, with many facing closures and financial strain.
While some sectors within the electronic music industry experienced slower growth rates in 2024, streaming, publishing, and recorded music maintained their prominence. MIDiA Research, the co-author of the IMS Business Report, revealed that recorded music revenue expanded by 6% in 2024, with the industry’s overall value estimated at $36.2 billion. Furthermore, streaming services witnessed a 6% revenue increase, reaching $83.5 billion, and attracting 818 million new customers — primarily from the Global South. The U.S, Germany, the UK, and Australia remained heavy consumers of electronic music, with Mexico observing a notable 60% rise in Spotify listeners.
Tech-house and house continued to dominate as the most popular electronic sub-genres on platforms like Beatport. However, drum ‘n’ bass and Afro house exhibited significant growth in 2024, with the former rising to the third most popular genre on Beatport and the latter experiencing a dramatic upsurge to fourth place. With electronic music gaining momentum across social media platforms like TikTok, festivals are also seeing a rise in electronic acts, accounting for 18% of line-ups on the world’s top 100 festivals — a 2% increase from the previous year
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