Global recorded music revenues (Image Credit: IFPI)
Global recorded music revenues (Image Credit: IFPI)

Nearly half a billion users worldwide have premium subscriptions for streaming services

Global Music Industry on the Rise

The revenues for all mediums of recorded music have risen in the last year; even the CD is in greater demand again – especially in Asia.

Recorded music revenues developed positively for the seventh consecutive year: Global industry sales in 2021 come to a total of $25.9 billion. This marks an increase of 18.5 percent over the previous year, as the International Federation of the Music Industry IFPI announced on March 22 in London when publishing the annual "Global Music Report." A major contributor to this development is, of course, revenue from paid streaming subscriptions, which grew by 21.9 percent to $12.3 billion. By the end of 2021, there were a total of 523 million users of paid subscriptions services.

Streaming as a whole, meaning paid as well as ad-supported access, grew by 24.3% to $16.9 billion, representing 65% of global industry revenue. However, growth in physical formats (+16.1%) and performance rights (+4%) also contributed to this development. Germany continues to rank 4th in the global music market, coming after the USA, Japan and the UK.

For the first time in 20 years, there was growth in the physical market as well. Sales increased by 16.1% to $5.0 billion. In part, this was due to a recovery in the retail store sector, which was severely impacted by the COVID-19 pandemic in 2020. Sales of CDs increased for the first time this millennium – the medium was particularly strong in Asia. At the same time, the regrowing demand for vinyl continued with very strong sales growth of 51.3% in 2021 (compared to 25.9% growth in 2020).

Image Gallery

Revenue development of the music industry in recent years
2 Bilder
Global recorded music revenues

Latest News

The new Denon PerL Pro

New True Wireless Earphones "PerL" and "PerL Pro" from Denon

Denon presents two brand new headphons at the IFA 2023: the new… Read more

Klipsch All-in-One R-40P

All-in-One Powered Speakers R40PM and R50PM From Klipsch

Klipsch wants to make the all-in-one stereo system affordable:… Read more

The headphones LCD-5 from Audeze

Sony Acquires Audeze, Manufacturer of Magnetostatic Headphones

American headphone manufacturer Audeze, specializing in… Read more

Aurender AP20 frontal view

First Integrated Amplifier from Aurender

The new, high-end integrated amp Aurender AP20 will also manage… Read more

The team behind Fluo: Keith Martin, Kurt Olbert, Ole Lund Christensen

Fluo – A New Name In The Hi-Fi World

At the most recent High End Audio Show in Munich, an exciting –… Read more

Headphone amplifier in sculpture shape with watch: Metaxas & Sins Ethereal

Extravagant High End Headphone Amp: Metaxas & Sins Ethereal

Aiming to connect exclusive hi-fi with special designs, Metaxas &… Read more

Top-Articles from the archive

STEREO Magazine Newsletter

Subscribe to our newsletter and don't miss a new issue anymore!

Register now