Global Recorded Music Revenues

Global Recorded Music Revenues

Proof Point

Music sales started growing again in 2015 after experiencing continuous decline between 1999 to 2014, driven by rise in music streaming services

Global Recorded Music Revenues

1999 – 2017 (US$ billions)

Proof Point Findings

  • Music Revenues – Revenues gained from sale of music records, either through physical formats, such as CDs and vinyl, digital downloads and streaming services
  • Growth Returns – Music industry growth returned starting in 2015 with revenues increasing to $14.6 billion in 2017, after continuous drop from $25.2 billion in 1999 to $11.9 billion in 2014
  • Streaming Surpasses Physical – Streaming services became largest music revenue generator in 2017, delivering $6.6 billion in revenue, surpassing physical sales of $5.2 billion and digital download sales of $2.8 billion
  • Digital Downloads Decline – After reaching peak $4.4 billion in 2012, sales from digital downloads declined in 2013 to $4.3 billion and was surpassed by streaming services in 2016 with $4.7 billion compared to digital downloads’ $3.2 billion
  • Key Growth Drivers – Include popularity of music streaming services, more users foregoing ownership for access, increasing mobile device dependence, and more artists willing to partner with streaming providers to distribute music


Market Disruption


Media and Entertainment


Date Last Updated

October 19, 2018

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