IMS Business Report 2025 highlights electronic music industry 6% surge

On Wednesday, 23rd April 2025, at the International Music Summit (IMS) in Ibiza, the annual report featuring findings on revenues, genre trends, audience habits and artists from across the electronic music industry was published. Giving insight into the electronic music industry, it was found that the electronic music industry has grown from $12.5 billion in 2023 to $12.9 billion in 2024; indicating a 6% increase. 

With the live music industry increasing by double, in 2024, with mention of Live Nation, Eventim, HYBE and more reporting around $27 billion in income. The IMS business report quickly showed that the surge, however, was not due to ticket sales but rather ticket prices going up, despite the closures and financial issues of grassroots music venues. 

And though recorded music has come to a slight decline from 10% in 2023 to 6% in 2024, the industry stands at a whopping $36.2 billion, with independent labels growing their market share to 30%. However, rerecorded music isn't the only area slowing down, as streaming and publishing music demonstrated slower growth overall in 2024, reported by the IMS Business Report's co-author MIDiA Research; showing self-releasing artists have also struggled to keep their foot in the door with their share due to the lowering of streaming royalty thresholds.

But in light of the bad news, Germany, the US, the UK and Australia still continue to listen to electronic music the most, which has now expanded to Mexico, with the number of Spotify listeners growing by 60% last year. Electronic music also managed to gain an extra 566 million followers last year across quite a few social media platforms, including Facebook, Instagram, TikTok and Spotify, and YouTube; TikTok displaying a 45% increase in posts including electronic music.  

Taking 2024 by storm, electronic music has also grown within the festival scene with electronic DJ's and artists making up 18% of lineups on the top 100 festivals in the world, resulting in a 2% growth since 2023. With such insights, we look forward to seeing what's next for the electronic music industry. 

To read the full IMS Business Report 2025 click - HERE

Check out our What's On Guide to discover even more rowdy raves and sweaty gigs taking place over the coming weeks and months. For festivals, lifestyle events and more, head on over to our Things To Do page or be inspired by the event selections on our Inspire Me page.

Header image credit: Wendy Wei / Pexels