While 2022 was a fantastic year for digital music distribution and consumption as more and more releases were made online and more and more listeners subscribed to streaming services and downloaded music from online stores, we believe that this trend is going to accelerate in 2023.
The music streaming industry is expected to reach $15.22bn in 2023.This increase will be shown at a global scale as many strategic regions like North America, LATAM, Europe, and China, but also emerging markets like North Africa or the Middle East, have seen streaming dominating their music industry’s revenue during the past 12 months, according to the last IFPI report.