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 September 19, 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 September 19, 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: September 19, 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 September 19, 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/