The global revenue of the music industry in 2023 is estimated to be around $20 billion, according to the International Federation of the Phonographic Industry (IFPI).

Pop music is the most popular music genre in the world, with a global market share of around 20%.

The United States has the largest music market in the world, with a revenue of over $10 billion in 2023.

Spotify is the most popular music streaming service in the world, with over 400 million monthly active users.

The average revenue per user (ARPU) for music streaming services is around $10 per month.

The global music industry is growing at a rate of around 10% per year.

Streaming is the most popular format for music consumption, with over 80% of all music consumed globally being streamed.

Hip-hop is the most popular music genre on streaming services, with a global market share of around 25%.

The average number of streams per user per month on music streaming services is around 200.

Despacito by Luis Fonsi and Daddy Yankee is the most popular music video on YouTube, with over 8 billion views.

The average number of views per music video on YouTube is around 5 million.

Pop music is the most popular music genre on YouTube, with a global market share of around 25%.

The average number of subscribers per music channel on YouTube is around 500,000.

Hip-hop is the most popular music genre on TikTok, with a global market share of around 30%.