The statistic presents data on the growth of the global music revenue between 2016 and 2021, broken down by category. The source projected that digital download revenue would decrease by 19.2 percent annually in the presented period. Music streaming revenue worldwide is project to almost double from 3.3 billion U.S. dollars in 2015 to 6.22 billion U.S. dollars in 2020. The majority of this revenue comes from subscriptions, which generated 2.3 billion U.S. dollars in 2015, and ad-supported revenue contributed a further 600 million U.S. dollars.
Compound annual growth rate of global music revenue between 2016 and 2021, by category
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IQ Magazine. (June 9, 2017). Compound annual growth rate of global music revenue between 2016 and 2021, by category [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/307427/compound-annual-growth-rate-global-music-revenue-by-category/
IQ Magazine. "Compound annual growth rate of global music revenue between 2016 and 2021, by category." Chart. June 9, 2017. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/307427/compound-annual-growth-rate-global-music-revenue-by-category/
IQ Magazine. (2017). Compound annual growth rate of global music revenue between 2016 and 2021, by category. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/307427/compound-annual-growth-rate-global-music-revenue-by-category/
IQ Magazine. "Compound Annual Growth Rate of Global Music Revenue between 2016 and 2021, by Category." Statista, Statista Inc., 9 Jun 2017, https://www.statista.com/statistics/307427/compound-annual-growth-rate-global-music-revenue-by-category/
IQ Magazine, Compound annual growth rate of global music revenue between 2016 and 2021, by category Statista, https://www.statista.com/statistics/307427/compound-annual-growth-rate-global-music-revenue-by-category/ (last visited November 21, 2024)
Compound annual growth rate of global music revenue between 2016 and 2021, by category [Graph], IQ Magazine, June 9, 2017. [Online]. Available: https://www.statista.com/statistics/307427/compound-annual-growth-rate-global-music-revenue-by-category/
