Sure, the growth has slowed a bit. Compared to the previous year, the growth rate slowed down by 0.5%. Interestingly, however, there’s still a huge trend in streaming subscriptions increasing–and many of those subscriptions are driven by dance music.
Festivals also share in the glory. Millennials especially are loving them–40% are likely to attend live DJ events. Social media is helping DJs gain fame, too. Martin Garrix’s Instagram numbers went up by 17%, while the Chainsmokers managed to get 45% more followers between just March and May.
Basically, the landscape of EDM may be changing, but it’s popularity still continues to increase. And that means a big old chunk of money for the EDM industry.