Electronic music industry

 

Electronic music is music that employs electronic musical instruments, digital instruments and circuitry-based music technology. From its emergence in early 20th century when it was more used in experiments than public performance, electronic music has developed drastically and even incorporated as an essential part into the main stream music. After the technology progression in digital audio at 1980s, the creation of purely electronic sounds and their manipulation became much simpler. As a result, synthesizers came to dominate the pop music. In the late 1990s, electronic dance music (EDM) records made using only electronic instruments became increasingly popular, resulting in a proliferation of electronic genres. In the new millennium, as computer technology became even more accessible and music software advanced, interacting with music production technology made it possible to create music that has no relationship to traditional musical performance practices, leading to further developments and rapidly evolving subgenres.

There has been plenty of talk about the “EDM bubble” in recent years, but undeniably the global electronic dance music industry is still blooming. According to a global business report that the International Music Summit  released in 2016, the entire industry worths $7.1 billion, with a 3.5% growth rate. With wider acceptance in countries like India and China, I still hold a optimistic look on its future.