[The EDM Industry Is Booming: a blog about the growth of electronic dance music and related industry data.](https://edmboom.com/the-edm-industry-is-booming/)
[EDM is the fastest growing genre in music, with revenue only second to hip hop](https://edmboom.com/the-edm-industry-is-booming/)
[1.3 billion people listen to some form of EDM](https://www.statisticbrain.com/electronic-dance-music-statistics/)
[Ultra Music Festival, one of the world’s biggest EDM festivals attracted over 165,000 people from over 75 countries](http://www.ultramusicfestival.com/about/)
[The total revenue generated by the EDM industry in 2013 was $6.9 billion](https://www.statisticbrain.com/electronic-dance-music-statistics/)
[Ultra Music Festival earned $79 million in revenue for Miami in 2013](http://www.nbcmiami.com/news/local/Miami-Commissioner-to-Vote-on-Future-of-
(The EDM Industry Is Booming: a blog about the growth of electronic dance music and related industry data.
In 2010, Mad Decent’s Diplo told Rolling Stone magazine that “EDM stands for ‘earning dollars massively’”, and he wasn’t wrong. In fact, the Electronic Dance Music industry has been on a steady path of expansion since the early 2000s. The market as we know it today has grown largely from underground house parties in Europe to massive festivals around the world.
Our mission is to keep you up-to-date with all things EDM, offering news and analysis across all branches of the industry including: top DJs (Tiësto, Avicii, Swedish House Mafia, David Guetta), events (Ultra Music Festival, Sensation), venues (Amsterdam Dance Event) and more.
The EDM Industry Is Booming
The electronic dance music industry has seen a large increase in popularity over the last decade with more festivals, shows and artists emerging. The number of people attending shows has steadily increased over the years, but it is especially interesting to note the shift in demographics.
The average person attending an event was 25 years old in 2013, compared to 30 years old in 2012 (1). This shows that EDM is attracting younger audiences, which is a great sign for the industry as a whole. The median household income of attendees is $59,900, which is 12% higher than the national average. This means that there are more people willing to spend money on these events than ever before.
The Future Looks Bright
There has been much debate about how long the current trend will last. Some say that it’s bound to crash at some point because all trends do eventually come to an end; others believe this trend will last forever. While no one can predict what will happen in the future, there are many signs that point towards continued growth for electronic dance music events and artists alike.”
The EDM Industry is Booming!
The EDM industry is booming. According to the New York Times, “In 1990, Americans spent $240 million on tickets to dance events; by 2010, the figure had exploded to more than $4 billion.”
But what exactly is EDM? We define EDM as “a range of percussive electronic music genres produced for performance in nightclubs, raves and festivals. EDM is generally produced for playback by disc jockeys who create seamless selections of tracks, called a mix by segueing from one recording to another.”
We classify DJ’s into two categories: “bedroom” and “professional”. Bedroom DJ’s are hobbyists who produce and play their own tracks for friends and family in their bedroom or dorm room. Professional DJ’s perform at nightclubs, raves and festivals.
According to our estimates, the total revenue generated by professional DJs in 2013 was approximatly $6.2 billion dollars!
EDM is a billion dollar industry, fueled by the consumption of millions of music fans around the world.
The industry saw a boost in 2013 when fans bought tickets for live events. According to a report by the EDM Business Conference, fans bought $4.5 billion worth of tickets to EDM events in 2013. This number is expected to grow to $6.2 billion by the end of 2014, and $7.1 billion by 2015.
The EDM industry saw an impressive 26% growth in revenue from 2012-2013 alone.
In addition to ticket sales, electronic dance music fans fuel sales of clothing, accessories and other merchandise associated with EDM artists and events.
EDM is the fastest growing music genre in the U.S.
From 2005 to 2012, EDM grew from a $2 billion industry to a $6.9 billion one. In 2013 it’s projected to reach $7.4 billion.
In 2012, revenue from live events accounted for more than 70% of all EDM revenue.
Live events and festivals are the largest source of income for the EDM industry, generating $4.5 billion in 2012.
The number of music festivals increased by 15% between 2010 and 2012.
In 2012 there were more than 1,000 EDM festivals, up from 870 in 2010.
EDM has become a global phenomenon:
The number of EDM fans outside the US increased by 59% from 2011 to 2012.
Electronic dance music is rapidly growing in popularity around the world and new markets are emerging every day. Countries such as Japan, South Korea, India, China and Australia are seeing spikes in both attendance and revenue that indicate long-term growth potential for electronic dance music worldwide.
What is EDM?
Electronic dance music, or EDM for short, is the umbrella term for today’s most popular genres of dance music. This includes Dubstep, House, Electro, Trance and Drum & Bass along with many other sub-genres.
EDM has grown significantly in popularity over the past few years. No longer only played in small clubs or at raves, EDM festivals now attract millions of people each year ranging from ages 15 to 35. Some of the largest festivals include Tomorrowland (Belgium), Ultra Music Festival (US) and Creamfields (UK).