The timeline presents data on global revenue generated from digital music from 2004 to 2014. In 2011, the revenue amounted to 5.3 billion US dollars. Total global music revenue (digital and physical) reached 16.6 billion in 2011. Here you can find information on digital music revenue in the United States.
Digital music - additional information
With the increase of online music platforms such as iTunes, streaming services such as Spotify and Rdio, as well as websites and TV shows where artists can promote their music, such as YouTube and American Idol, global digital music revenue has been on the rise. In 2004, digital music revenue amounted to 400 million U.S. dollars. However, this value has multiplied by approximately 17 as of 2014. Global digital music revenue amounted to 6.9 billion U.S. dollars in 2014 and has been on a steady annual rise over the past decade. The digital music revenue in North America alone combined for 4.9 billion U.S. dollars in 2013, implying that only about one billion U.S. dollars worth of revenue was earned outside of the U.S. and Canada. The United States alone is responsible for 4.36 billion U.S. dollars of digital music revenue, approximately 74 percent of the entire world’s earnings.
However, despite growing digital revenue, global revenue from the entire music industry has been on a decline year-by-year. In 2013, the total revenue of the music industry, which consists of both digital and physical sales, amounted to 15 billion U.S. dollars, down from 23.3 billion U.S. dollars a decade earlier. This nonstop decrease in collective revenue could primarily be due to the increase in illegal music downloads and other forms of illegal music streaming.