This question is about music industry statistics.

How much is the music industry worth?

By Zippia Team - Jun. 29, 2022

The music industry is worth $25.9 billion. This was the global recorded music industry's annual revenue in 2021, and the largest music market within that is the U.S.

In 2020, the U.S.'s recorded music industry earned $8 billion in revenue, which was an increase of 7.5% from its 2019 earnings of $7.4 billion. The U.S. also has 82.1 million of the world's 523 million paid subscribers to music streaming services.

All of these subscribers play a significant part in the global music industry, as streaming accounts for 65% of the industry's revenue. More specifically, 47.3% of the global recorded music industry's revenue comes from subscription audio streams, and 17.7% comes from ad-supported streams. 19.2% comes from physical music sales.

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