10 Shocking facts you didn’t know about the music industry (With Pictures)

3. The United States Is The World’s Largest Music Market

According to the International Federation of the Phonographic Industry’s “2014 Recording Industry In Numbers” report, the United States is the world’s largest music market, amounting to $4.47 billion in sales and accounting for a little over 30% of global trade revenues. In second place is Japan, followed by Germany, the United Kingdom and France. However, what the IFPI also revealed was how overall global record industry revenues continue to show a steady decline. Since 1999, global recorded music income has declined every year.