Music Statistics: What Do They Mean?
Music statistics have become increasingly important in various fields, including music industry research, marketing, and even education. Here are some key statistics that can help you understand the world of music.
- The most popular genre for streaming on Spotify is Hip-Hop/Rap (45%), followed by Pop (24%) and Electronic/Dance Music (16%), according to a 2020 report by Soundiiz.
- The average user spends around 6 hours and 27 minutes per day listening to music on their smartphones, as reported by Hootsuite's 2020 Mobile Music Consumer Trends Study.
- The global music industry is projected to reach $30 billion by 2025, growing at a CAGR of 8.4% from 2020 to 2025, according to a report by Grand View Research.