2025-2026年IMS电子音乐商业报告

The 2026 edition TheIMS Electronic Music Business Report 2025/6builds on the success ofprevious editions, presenting the definitive view of the current state of the Now in its twelfth edition, the report is authored by MIDiA Research’s Mark MIDiA Research is a leading provider of research, analysis, and data for thedigital entertainment business, home to a team of analysts and consultants We hope you find the report interesting and, most importantly, useful! 1.Setting the scene2.Fans and creators3.The industry4.Market size Global recorded music Back in the groove|After a modest 2024, recorded musicrevenue growth accelerated in 2025, driven by fandom Global music publishing Sustained growth|Music publishing continued its stronglong-term growth, outpacing labels once again Publishing continued its strong rise,with growth across all revenuesegments. Sync grew fastest inpercentage terms, but streaming’slarger revenue base meant that it Publisher streaming growth wasagain higher than labels (13%compared to 8%). DSP revenuegrowth was higher (15%), but the Streaming music subscribers Global streaming music subscription market, Q3 2023 (subscribers in millions, and market share in %)Rise of the Global South|Subscriber growth continues at pace, Leading companies’ revenue Streaming’s year (again)|All music industry segments were upin 2024, but streaming grew fastest of all–for the first time Leading labels’ revenue Majors’ year|The majors recovered market share in 2025 The majors grew by 10% compared to9% for non majors, with UMG setting thepace at 12% growth (WMG and SMG Non-major growth varied significantly,with those distributed by majors growingfastest on streaming. Mid caps (thelarge, commercially focused labels) Non-majors did best in expanded rights,driven by the Asian mid cap labels suchas HYBE and SM entertainment,outpacing the majors. These are labels Live music market Live renaissance continues|Live music continues to The revenues of leading livemusic companies reached $30billion in 2025. Not only didrevenues grow faster in 2025 Though live music revenuescontinue to grow, much of thegrowth continues to be driven by Ticket sales were down in the USin 2025, though average ticket Key implications •2025 was a strong year for all aspects of the music business, withlabels, publishers, DSPs, and live companies alike all registering •Bigger labels did best (both majors and indie ‘mid caps’)emphasising the value of the data and marketing resources that •Streaming continues to be the engine room of growth, but the rapidrise of expanded rights points to the growing importance of 1.Setting the scene2.Fans and creators3.The industry4.Market size Spotify monthly listeners Germany extends its lead|Germany remains the biggest marketfor electronic music, while top markets grew 11% as a whole Germany retained the number one spotamong the top markets, with 604 million Indonesia had the most growth in electronicmusic listeners on Spotify, seeing a 77% Mexico, however, saw a 34% decrease,moving from the fifth spot to the twelfth.Meanwhile, Spain, despite seeing 5%growth in listeners, fell to the thirteenth Australia, Germany, and the Netherlandsstand out as markets where electronicmusic Spotify monthly listeners exceed fiveGermany Spotify monthly listeners Country-level leader|Electronic music is a top three genre in As streaming becomes ever-more global,trends in populous markets–especially theGlobal South–are so big they distort theglobal picture. Global trends are becoming Electronic music ranks first or second bySpotify count in 10 of its top 13 markets,ahead of hip hop, Latin, and rock. The onlyexception is Mexico, where it ranks fourth as Latin music appears huge globally, but 10 ofits 13 top markets are primarily Spanish-speaking countries. The top three of thosemarkets account for 3.9 billion listeners,Indonesia Social and streaming growth Fan growth|Across the five top platforms, electronic music Electronic music added a gross total of558 million fans across Spotify, Instagram,TikTok, YouTube, and Facebook in 2025– These gains represented 8% of electronicmusic’s total fanbase growth–on par withgrowth in rock and Latin, but behind hip hop, While electronic music consumption keepspace with other top genres, competition for Consumers Scene stealer|Electronic music fans are more likely to Consumers Almost mainstream|Nearly half of consumers participate in atleast one music creation activity or plan to do so AI Step change|Gen AI and stem separation tools have quickly become For better or worse, AI is transforming the world–and its impact in music is more pervasive than inmany other industries. However, while the focus ismainly on copyright issues and its impact on Revenues for gen AI and stem separationrocketed by 651% between 2023 and 2025 withregular active users surging to 63 million. Over thesame period, traditional music software revenues The most transformative