Key Market Indicators
Italian music expenditure is projected to reach approximately €91 billion by 2028, up from around €82 billion in 2023. This represents an average annual growth rate of 1.6%. Since the turn of the millennium, Italy's demand for music has surged by an average of 2.7% per year. In 2023, Italy ranked fourth in Europe for music expenditure, with France surpassing it to claim the third spot at €82 billion. Germany and France occupied the second and third positions, respectively. However, the revenue landscape paints a different picture. Italian music revenue is expected to slightly dip, reaching €371 million by 2028 from €372 million in 2023, indicating a stagnant compound annual growth rate (CAGR). Despite this, the Italian music market has experienced a modest annual increase of 1.2% since 2013.