The electronic music industry shattered records in 2024, hitting a $12.9 billion valuation with a 6% growth surge, defying slower trends in the broader music market. Revealed in the IMS Business Report 2025 by MIDiA Research and IMS Ibiza, the data highlights Afro House and Drum & Bass as breakout stars, with Beatport ranking Afro House as the 4th most-searched genre—up from 23rd in 2023. Independent labels now claim 30% of global revenue, while Ibiza’s club ticketing revenue soared to €150 million despite fewer events, driven by premium pricing and VIP demand. Mexico dominated Spotify with a 60% spike in listeners, while African genres like Amapiano and Afro House fueled TikTok’s viral #ElectronicMusic hashtag, amassing 13.4 billion views.
SoundCloud emerged as a cultural catalyst, with UK Garage uploads doubling and 42% of plays targeting tracks under 18 months old, proving the genre’s relentless innovation. Festivals mirrored this energy, dedicating 18% of lineup slots to electronic acts, as billion-dollar acquisitions like Superstruct’s purchase of Sónar and Awakenings underscored the sector’s commercial clout. AI reshaped creation: 60 million users tapped music-generating apps, and 10% of consumers experimented with AI tools to produce tracks or lyrics, blurring lines between fans and creators. Gender gaps persist—AlphaTheta’s female users rose to 16%—but younger generations are rewriting rules, fusing hardstyle, Jungle, and African rhythms into fresh hybrids.
With 566 million new fans added globally across platforms like Instagram and YouTube Music, and emerging markets like India and Brazil fueling streaming growth, electronic music cements its status as a borderless cultural force. As catalog investments target icons like deadmau5 and Gesaffelstein, and genres like Drum & Bass thrive on Beatport (7.5% of sales), the industry’s future lies in its ability to balance nostalgia with innovation. From Ibiza’s high-energy clubs to AI-powered bedrooms, electronic music isn’t just surviving—it’s leading a global revolution.
Download the report: nationalmusicsummit.com/business-report
