In 2023, physical music sales generated 5.1 billion U.S. dollars, whereas digital music sales made 0.9 billion worldwide. The majority of global music revenue now comes from streaming, and accounted for more than 19 billion U.S. dollars in total industry revenue in 2023.
Recorded music market revenue worldwide from 2005 to 2023, by source
(in billion U.S. dollars)
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IFPI. (March 21, 2024). Recorded music market revenue worldwide from 2005 to 2023, by source (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/292081/music-revenue-worldwide-by-source/
IFPI. "Recorded music market revenue worldwide from 2005 to 2023, by source (in billion U.S. dollars)." Chart. March 21, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/292081/music-revenue-worldwide-by-source/
IFPI. (2024). Recorded music market revenue worldwide from 2005 to 2023, by source (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/292081/music-revenue-worldwide-by-source/
IFPI. "Recorded Music Market Revenue Worldwide from 2005 to 2023, by Source (in Billion U.S. Dollars)." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/292081/music-revenue-worldwide-by-source/
IFPI, Recorded music market revenue worldwide from 2005 to 2023, by source (in billion U.S. dollars) Statista, https://www.statista.com/statistics/292081/music-revenue-worldwide-by-source/ (last visited December 30, 2024)
Recorded music market revenue worldwide from 2005 to 2023, by source (in billion U.S. dollars) [Graph], IFPI, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/292081/music-revenue-worldwide-by-source/
