Dancefloors Up, Dollars In: Electronic Music’s Global Boom Hits $12.9 Billion
Share On
Reporting live(ish) from Ibiza, where the beats are hot and the business is even hotter – the IMS Business Report 2025 has landed, and folks, the numbers are vibing as hard as a sunrise set at Café Mambo.
This year’s report, penned once again by MIDiA Research’s data don Mark Mulligan, shows the global electronic music industry has pulsed its way to a whopping $12.9 billion – that’s a 6% bump on last year. Sure, it’s a little slower than 2023’s high, but let’s be real: we’re still raving in the right direction.
And what’s behind this neon-lit glow-up? New genre surges like Afro House, the comeback kids of drum & bass and garage, and – no surprise here – TikTok turning dance tracks into global earworms overnight. Afro House even moonwalked from the 23rd to fourth most searched genre on Beatport. Not bad for a scene that was once “underground.”
Clubs and festivals are still bringing in the big bucks (we see you, Ibiza – €150 million in ticket revenue alone), but there’s exciting growth elsewhere too: publishing is up, music tech is booming, and independent labels are holding strong with a 30% market share. We love a good underdog story.
Let’s not ignore the streaming stats – over 566 million new fans across platforms last year, with Mexico, Brazil, and India leading the charge on Spotify. Basically, if you thought dance music was niche, it’s time to update your worldview. It’s global, it’s growing, and it’s not slowing down.
Ben Turner, IMS co-founder and longtime dancefloor whisperer, called it a “brave new era” for the scene. With Superstruct shelling out $1.4 billion to buy up festivals and female DJ representation inching upwards (now at 16% with AlphaTheta), the scene’s evolving fast – and finally, more inclusively.
So what does it all mean? The rave never dies, darling. It just gets better data.
Full report here: IMS Business Report 2025
