Technology

A Visual Breakdown of Global Music Consumption

Published

1 year ago

February 6, 2023

Athul Alexander

Featured Creator

Article/Editing:

Pallavi Rao

This image shows a breakdown of platforms music listeners prefer to use.

A Visual Breakdown of Global Music Consumption

To maximize any chance of success in the music business, aspiring artists must gain an understanding of how music is consumed and how that is changing alongside technology.

This graphic from Athul Alexander highlights global music consumption habits. Data is from 2022 and is sourced from a survey of over 44,000 people from 22 countries by IFPI that asked people their primary mode for consuming music.

As of 2022, paid subscription services (i.e. Apple Music, Spotify) are the most preferred option for listeners, accounting for nearly one-fourth of main platform share.

Rank	Service	Share	Examples
1	Paid Audio Streaming	24%	Spotify, Apple Music
2	Video Streaming	19%	YouTube
3	Radio	17%
4	Purchased Music	10%	Vinyls, CDs, purchased digital albums
5	Ad-Supported Audio Streaming	8%	Amazon, Deezer
6	Short-form Videos	8%	TikTok
7	Social Media Videos	5%	Facebook, Instagram
8	Live Music	4%	concerts, livestreams
9	Other	6%	music on TV, phone-to-phone transfers

Short-form video platforms like TikTok, with an 8% share of primary music listeners, are a fast-growing medium. Several young artists have found initial success and traction using these platforms over the past few years.

And though video “killed the radio star,” it hasn’t killed listening to music on the radio. A healthy, 17% of respondents picked radio as their primary avenue for listening to music.

Streaming Supremacy and Virality

There’s no doubt that the internet has revolutionized how music is being consumed.

Including all video and music streaming, internet-based music consumption was the primary choice for 64% of respondents. That’s not even accounting for livestreams or music purchased through the internet.

Platform	Share
Internet-based	64%
Non-Internet Based	37%

This internet-heavy metric is being reflected on the business side as well, with 75% of the music industry’s revenues in the U.S. coming from streaming.

However, for artists, streaming revenue is usually the third-biggest earner after live performances and sales.

But utilizing streaming to its fullest potential keeps modern artists in the loop. For example, Beyoncé was one of the first artists to utilize streaming platforms to release an album completely unannounced in 2013, a marketing move that has been replicated many times since.

Where does this data come from?

Source: IFPI

Data note: IFPI surveyed over 44,000 people from 22 countries, asking them about their primary mode of consuming music. They exclude India and China from their global figures to prevent the size of the population from influencing the global weighted average. Percentages may also not add up to 100 because of rounded figures.

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

Related Topics:Music consumption artists music business

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Technology

All of the Grants Given by the U.S. CHIPS Act

Intel, TSMC, and more have received billions in subsidies from the U.S. CHIPS Act in 2024.

Published

1 week ago

April 26, 2024

Marcus Lu

All of the Grants Given by the U.S. CHIPS Act

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.

The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.

Data and Company Highlights

The figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.

Company	Federal Grant Amount	Anticipated Investment From Company
🇺🇸 Intel	$8,500,000,000	$100,000,000,000
🇹🇼 TSMC	$6,600,000,000	$65,000,000,000
🇰🇷 Samsung	$6,400,000,000	$45,000,000,000
🇺🇸 Micron	$6,100,000,000	$50,000,000,000
🇺🇸 GlobalFoundries	$1,500,000,000	$12,000,000,000
🇺🇸 Microchip	$162,000,000	N/A
🇬🇧 BAE Systems	$35,000,000	N/A

BAE Systems was not included in the graphic due to size limitations

Intel’s Massive Plans

Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.

From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.

TSMC Expands its U.S. Presence

TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.

The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.

The Latest Grant Goes to Micron

Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.