In 2023, the Italian market of recorded music grew by 18.8% YoY, reaching a total of 440 million euros of revenues, according to FIMI (Federazione Industria Musicale Italiana), the organization that represents the Italian recorded music industry. It is the best result ever in the country in the streaming era. Italy is the third biggest market of the European Union, after France and Germany.

It is also one of the most significant growths on a global level, where IFPI reports an increase of 10.2% YoY, reaching 28.6 billion dollars and marking the ninth consecutive year of growth, as per their Global Music Report published today (Mar. 21).