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The Electronic Music Industry Is Now Valued at $7.1 Billion

As the International Music Summit Ibiza's Business Report for 2016 has been released to the public, the report reveals that the global electronic music industry is now worth a whopping $7.1 billion which is 60% more than three years ago.

EDM Industry Net Worth

Related: Music Discussion by Genres

In addition to these numbers, techno has overtaken tech house as the most popular genre on Beatport. Techno which ranked #3 in most popular genres in 2014 has surpassed both deep house and tech house to be at the #1 spot.

Best Selling Genres on Beatport

In addition to techno being the best selling genre, the report also states that EDM has become the 5th most popular streaming genre in the US behind that of hip-hop, rock, pop and latin music.

Grab the full report here.

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