Global EDM Market Hits $6.9 Billion

The global EDM business had a value of $6.9 billion last year, up 12 percent from $6.2 billion in 2013, according to the IMS Business Report 2015. North America alone is estimated to represent roughly 29 percent, or $2 billion, of the global market.

EDM’s growth has slowed considerably, however. Overall market revenue grew 37 percent in 2013 compared to 12 percent last year. Similarly, the Electronic Cash Kings’ earnings growth slowed last year to 12 percent from 43 percent in 2013. Dance’s share of U.S. track sales was flat at 4.6 percent (Nielsen doesn’t use the EDM genre name).

Via Billboard