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Global Dance Music Industry Grew 71% In The Last Year: 2022 IMS Business Report

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Web3 was a major global dance music industry growth area, with 64% of all identified music NFTs issued by electronic artists, according to the 2022 IMS Business Report.

For the second year in a row, the report has been prepared by David Boyle, the head of London-based research, data and analytics firm Audience Strategies. The report is based on facts and figures provided from across the industry, including via more than 30 interviews with key figures and analysis of over 40 data sets, many exclusive to IMS.

The IMS Report, this year presented by Web3 company PIXELYNX with support from analytics platform Viberate, is a cornerstone of IMS Ibiza. The conference continues through today through Friday with speakers, conversations, workshops andHere are 12 key findings from the 2022 Report:This year’s report values the total industry at $6 billion, which is up 71% from

ech house overtook techno in 2021 as the best-selling genre after holding second place for the past few years. rowth was powered by existing platforms as well as new platforms and new monetization of existing platforms

 

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