The value of the Electronic Music Industry is 12,9 billion dollars

IMS Ibiza 2025: The Business Report Decoding the Global Electronic Music Industry

A Crucial Summit for Understanding Electronic Music’s Evolution

Each spring, IMS Ibiza emerges as the global crossroads for leaders in electronic music, technology, and culture. This year, the unveiling of the IMS Business Report 2025 once again captured the industry’s attention, offering a nuanced and data-driven overview of the sector’s health. Authored by Mark Mulligan of MIDiA Research, the report stands as the definitive reference for grasping the economic, cultural, and technological dynamics shaping the electronic music world.

Growth and Transformation: An Industry in Motion

The report makes it clear: electronic music continues to expand its influence, both in revenue and cultural impact. In 2024, the global electronic music industry reached $12.9 billion, a 6% increase from 2023. While this growth is slightly slower than the previous year, it signals a mature and resilient sector.

“Electronic music finds itself at the start of a brave new era of cultural resonance, driven by the rise of new genres like Afro House, a renaissance for Drum & Bass, and a new generation of fans and creators,”

summarizes Mark Mulligan.

Revenue diversification is striking. While festivals and clubs remain the primary income source, significant growth in publishing and hardware/software demonstrates the ecosystem’s vitality. Superstruct’s $1.4 billion acquisition highlights the live sector’s consolidation, while engagement on platforms like TikTok pushes electronic music to the forefront of cultural trends.

Independent Labels and Local Scenes on the Rise

For the fifth consecutive year, independent labels have increased their market share, now accounting for 30% of global label revenues. While major labels remain powerful, regional and digital-first players—especially in the Global South—are redrawing the industry map. This shift is rooted in localized content strategies and an ability to meet the expectations of new generations.

Genres like Drum & Bass, Jungle, and UK Garage are experiencing a creative revival, especially among younger audiences. Beatport data shows Afro House jumping from 23rd to 4th most searched genre, while UK Garage uploads on SoundCloud doubled in a year—clear signs of renewed interest in micro-scenes shaping the electronic landscape.

A Global, Young, and Connected Audience

In 2024, 566 million new electronic music fans joined platforms like Spotify, YouTube, TikTok, Instagram, and Facebook. This growth outpaces genres like rock and indie, confirming electronic music’s ability to unite listeners across borders. The nature of fandom is evolving: SoundCloud reported a 14% increase in plays across electronic genres, thanks to the vibrancy of local and emerging scenes.

Audience growth is particularly strong in Mexico (with a 60% surge in Spotify listeners), India, and Brazil. Meanwhile, African genres such as Afro House and Amapiano are making significant inroads, illustrating the universal and decentralized nature of electronic culture.

Ibiza: Still the Beating Heart of the Scene

The report confirms Ibiza’s status as the global epicenter of electronic music. In 2024, club ticketing revenue on the island reached €150 million (excluding VIP sales), a 6% increase despite a slight dip in event volumes. The demand for premium experiences remains strong, reinforcing Ibiza’s role as a benchmark for the global dance community.

Electronic acts now make up 18% of global festival lineups, up from 13% in 2021. Societal shifts are also evident: AlphaTheta’s registered female user base rose to 16%, reflecting slow but steady progress toward greater diversity.

The AI Music Revolution

2024 stands out as a pivotal year for AI-assisted music creation. Sixty million users engaged with music creation apps, and 10% of consumers reported using generative AI to compose music or lyrics. This democratization of tools is blurring the line between fan and creator, opening new avenues for production and engagement.

“Our annual health check this year reflects continued growth and major developments: the Superstruct acquisition reshaping live, rising momentum in key genres like Afro House and Drum & Bass, ongoing catalogue acquisitions, and unprecedented engagement with the genre on cultural platforms such as TikTok,”

notes Ben Turner, IMS Co-Founder.
With its adaptability and forward-thinking approach, the electronic music industry is entering an era defined by innovation, diversity, and the blurring of traditional roles. The future of electronic music will be shaped by these forces—driven by both technology and the unyielding passion of its global community.

The full report is available here : https://www.internationalmusicsummit.com/business-report