The global electronic music industry has been valued at $12.9 billion, with festivals and clubs the largest revenue source.

The IMS Business Report 2025, created by MIDiA Research’s Mark Mulligan and commissioned by the team behind annual industry conference IMS Ibiza, found that the industry’s value was up 6% year-on-year in 2024 to reach $12.9bn.

It was a slower rate of growth than the previous year’s 9% annual uplift, which the report claims is a result of maturing streaming revenues and the post-Covid live resurgence lessening.

The report found that the presence of electronic acts on global festival lineups hit 18%, up from 13% in 2021, and suggests that Superstruct’s $1.4bn acquisition highlighted the category’s “commercial heat”.

The report offers a snapshot of the global electronic music economy, examining both its cultural resonance and commercial realities. Findings include Ibiza club ticketing revenue reached €150 million last year, a 6% increase for the Balearic island despite a dip in the number of events. It also found that with 566 million new electronic music fans added across Spotify, YouTube, TikTok, Instagram, and Facebook in 2024, the electronic music genre continues to outperform rivals such as  rock and indie.

“Electronic music continued to increase its share of both revenues and culture,” said Mulligan. “Driven by the rise of new genres like Afro House, a renaissance for genres like Drum & Bass, and the rise of a new generation of fans, creators and scenes remaking electronic music in their own image, electronic music finds itself at the start of a brave new era of culture resonance.”

IMS co-founder Ben Turner said, “The IMS Business Report continues to evolve each year, with more robust data and the benefit of over a decade of compilation — allowing us to truly compare and contrast the state of the electronic music industry. Our annual health check this year reflects continued growth and major developments: the Superstruct acquisition reshaping live, rising momentum in key genres like Afro House and Drum & Bass, ongoing catalogue acquisitions, and unprecedented engagement with the genre on cultural platforms such as TikTok.”

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