The huge figure was aided by the return of international touring and the continued growth in recording and music publishing.
The findings have been published in CISAC's Global Collections Report 2023.
34 composers have been nominated for an Ivor Novello Award as part of this year's ceremony.
The accolade was presented to the duo during last night's ceremony at the Wales Millennium Centre.
The ceremony also further celebrated the 100th anniversary of Gramophone magazine.
The songwriting event will take place at the Southbank Centre next month.
The choral composer will be honoured at The Ivors Classical Awards in November.
Last night's awards ceremony took place at the Roundhouse in London.
The blueprint urges the next Government to develop 'a comprehensive, medium to long-term music strategy for growth'.
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