As the music industry continues to evolve, it's important for musicians to stay up-to-date with the latest trends in order to stay competitive and successful. Here are some of the top predicted trends for 2023 and how musicians can use them to their advantage:
Streaming platforms will continue to dominate the industry.
According to a report by the Recording Industry Association of America (RIAA), streaming accounted for 75% of music industry revenue in 2020. This trend is expected to continue in 2023, with streaming platforms like Spotify and Apple Music leading the way. Musicians can use this to their advantage by releasing their music on these platforms and by promoting their tracks on social media and through email marketing. It's also important for musicians to optimize their tracks for streaming by using metadata tags and high-quality audio files. This will help to ensure that their music is easily discoverable on the platform and sounds great to listeners.
Virtual concerts and events will become more popular.
Due to the COVID-19 pandemic, many musicians have had to pivot to virtual concerts and events. This trend is expected to continue in 2023, even as live events begin to return. According to a survey by Eventbrite, 69% of respondents said they would attend a virtual event in the future. Musicians can use this opportunity to reach a wider audience by streaming concerts on platforms like YouTube and Twitch, and by offering virtual meet-and-greets and other interactive experiences. It's important for musicians to invest in good quality audio and video equipment to ensure a high-quality streaming experience for their fans. This could include things like a high-quality microphone, a webcam with good resolution, and a reliable internet connection.
Social media will continue to be an important marketing tool.
Social media has become an essential part of the music industry, and this trend is expected to continue in 2023. According to a report by Hootsuite, 78% of musicians use social media to promote their music and connect with fans. Musicians can use platforms like Facebook, Instagram, and Twitter to share updates about their career and engage with their audience. It's important to be active on multiple platforms and to regularly post engaging content to build a strong following. This could include things like behind-the-scenes glimpses of your creative process, sneak peeks of new music, or engaging with fans by responding to comments and messages. Musicians can also use social media to drive traffic to their own website or online store.
Music education and resources will be more accessible online.
As more people turn to the internet for education and entertainment, there is a growing demand for online music resources and education. A report by the National Association of Schools of Music found that 75% of music students surveyed had taken an online music course. Musicians can use this trend to their advantage by creating online courses or tutorials, or by offering one-on-one lessons via video chat. It's important for musicians to have a strong online presence and to use tools like Zoom or Skype to connect with students and provide high-quality instruction. This could include things like creating a website or social media page specifically for your music lessons, or using online scheduling tools to manage your lesson schedule.
Collaboration will continue to be important.
Collaboration has always been a key part of the music industry, and this trend is expected to continue in 2023. According to a survey by Sonicbids, 77% of musicians believe that collaborating with other artists helps to expose them to new audiences and can lead to new opportunities. Musicians can use this opportunity to work with other artists, producers, and industry professionals to create new and innovative music. Technology like cloud-based collaboration platforms and video conferencing tools make it easier for musicians to work together remotely.
By staying up-to-date with these and other trends in the music industry and using technology to their advantage, musicians can position themselves for success in 2023 and beyond.
If you need to plan your 2023 feel free to reach out to our team using our chat button or sign up to our email list.
Join HyperTribe to get these resources at your fingertips
If you want to take your music journey to the next level, join HyperTribe, an online global community of resources for musicians like you. With HyperTribe, you'll have access to a vast collection of educational materials, mentors and a supportive community of fellow musicians. Start your free trial today and see how HyperTribe can help you unlock your musical potential. Good luck on your musical journey.