South Africa
The South African music industry is a significant market in sub-Saharan Africa, experiencing rapid growth. Total revenue in the music market was projected to reach US$14.93m in 2022, with an expected annual growth rate of 8.06% leading to a projected market volume of US$28.30m by 2029. The recorded music industry has doubled in value since 2017. Well-known genres include Kwaito, Amapiano, and Gqom.
Sources
South Africa
The South African music industry is a significant market in sub-Saharan Africa, experiencing rapid growth. Total revenue in the music market was projected to reach US$14.93m in 2022, with an expected annual growth rate of 8.06% leading to a projected market volume of US$28.30m by 2029. The recorded music industry has doubled in value since 2017. Well-known genres include Kwaito, Amapiano, and Gqom.
Sources
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