Global Recorded Music Industry Revenues (2001-2019)
Source: International Federation of the Phonographic Industry. Global Music Report 2020 (London: International Federation of the Phonographic Industry, 2020)
Topic: Copyright Infringement
Reference year: 2019
Geographical area: Global
Method: Data collection
Link to original document: www.ifpi.org
According to the International Federation of the Phonographic Industry report, in 2019, the global recorded music market grew by 8.2%, its fifth consecutive year of growth. The growth was predominantly driven by fans’ increasing engagement with music on paid streaming services, with the number of paid streaming accounts rising to 341 million by the end of 2019 and associated revenue increasing by 24.1%.