The IMS Business Report 2022 is finally out and has provided the hard numbers and fact-based statements on trends within the electronic community. While there are a plethora of keynotes from the report, an interesting trend is seeing how DJ software & hardware have a year-over-year increase of 14% leading with a valuation of $1.2bn.
It is speculated that the monstrous uptick in valuation is associated with at-home purchases during most of the COVID-19 shutdowns which consequently led to an even bigger uptick in purchases for both software and hardware with a looming reopening of venues. In previous years, the valuation of products sold always trended slightly upward. For example, in 2019, the valuation sat right around $900 million, and then in 2020, the valuation saw a $133 million addition (or a 12% increase in valuation), thus leading to 2021’s numbers of $1.2bn and a 14% increase.
You may also like...
-
Miami Music Week suffers restrictions as alcohol sales are prohibited after 6 pm
by Raja Staudt · Published March 25, 2022
-
Snow Machine adds Soichi Terada, Chida and Shinichiro Yokota
by Billie Margot · Published January 22, 2020
-
Annie Mac announces decision to leave BBC Radio 1
by Trace Miles · Published April 20, 2021
EDMHONEY.COM - NEW EDM MUSIC 24/7
- Next story IMS Business Report 2022: Recorded music industry tops $26 billion in continued growth
- Previous story IMS Business Report 2022: Dance music on the rise again in German and UK markets
Recent Posts
Listen to Argy’s Hypnotic Afterlife Album, “New World”
CHYL Accelerates Into Overdrive With New EP, “Sport Mode”
Traveling to Tulum or Ibiza? Here’s Why You Need a Concierge
Chet Porter’s Debut Album Beautifully Captures His Artistry: Listen
Ben Kang Returns From Multi-Year Hiatus With Techno Remix of 2NE1’s “I Am The Best”
Smith & Sorren and Kyogre Showcase Collaborative C….
Four Tet’s Haunting “Three” Album Speaks Volumes Without Words
Leave It All Out On the Field at These Can’t-Miss Parties for Miami Music Week 2024