This year’s IMS Business Report also identifies Africa as a rising contender in the global electronic music market.
Considering the pandemic, it was a no-brainer to most that last year’s IMS Business Report would point to an overall more robust dance music market in 2022 than in 2021. That upward trend appears to have carried on, however. This year’s report estimates that the global electronic music industry grew 17% — or from $10.1 billion to $11.8 billion — in 2023.
The IMS Business Report is delivered each year at the International Music Summit in Ibiza. This year’s edition of the conference runs from April…
