Fast facts: 2023 music industry milestones

2023 was a turning point for the music industry.

Global streaming platforms implemented their first ever major price increases.

Physical music sales are experiencing a revival, growing at 13% year over year.

Emerging markets contributed to 60% of net subscriber additions in 2023.

The global music industry is expected to grow at a CAGR of 7.6% from 2024 to 2030.