Asia and Australasia: 2018 marked Asia and Australasia move up to become the second largest global region for physical and digital revenue combined, posting growth of 11.7%.
Latin America: Latin America grew by 16.8%, once again the highest rate of growth globally. The region reflected global trends with declines in physical revenue (-37.8%) and downloads (-45.0%), but strong results in streaming (+39.3%).
Europe: Europe posted modest growth (+0.1%) in 2018, with a varied market for countries across the region. Overall, paid streaming in Europe rose by 29.2%, whilst physical revenues fell by 19.4% and downloads by 24.3%.
North America: North America recorded another year of double-digit growth, increasing by 14.0%. Strong streaming growth (+33.4%) account the decline in physical revenues (-22.0%). The US posted an increase of 15.0% and maintained its position as the world’s largest music market. The fastest growing format in the US was paid streaming, which accounted for well over half (59.4%) of digital revenue.
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