Welcome to the fascinating world of music statistics. From album sales to streaming habits, these numbers reveal interesting insights into our music-loving communities.
- According to recent data from Spotify, the top 5 most streamed songs in a single week are: "Montero (Call Me By Your Name)" by Lil Nas X feat. Jack Harlow, "About Damn Time" by Lizzo, "As It Was" by Harry Styles, "Anti-Hero" by Taylor Swift, and "Bad Habit" by Steve Lacy.
- The global music streaming market size is projected to reach $23.6 billion by 2025, growing at a CAGR of 10.4% from 2020 to 2025.
Music industry statistics also show that the most popular genres in 2022 are Hip-Hop/Rap, Pop, and Electronic/Dance music. However, it's worth noting that these genres have been declining in popularity over the past few years.
- A study by the International Federation of the Phonographic Industry (IFPI) found that album sales have declined by 14% since 2015.
- The average user spent an average of $11.36 per month on music streaming services in 2020, up from $8.44 in 2016.