Millions of revellers around the globe, from Tokyo to Times Square and from London to Dubai welcomed 2014 with pyrotechnics, dancing and all-night fun and frolic.

One of the world's most popular and iconic destinations for New Year's eve, Times Square in New York, witnessed a massive throng of revellers in fancy hats blaring horns as the famed crystal ball dropped to ring in 2014, reports ABC Local.

People who visited America to celebrate the New Year were reportedly ecstatic over the atmosphere. Kerrie McConaghy, 20, a university student visiting Times Square from Armagh, Ireland, was dancing and jumping up and down, donning a big blue top hat, reports Fox News.

"It's unbelievable here," she said. "The lights, seeing the ball, hearing the music, all the people. It's amazing."

"TV doesn't do this justice," she said. "You have to be here to believe it."

The annual New York celebration this year featured performances from artists including Miley Cyrus, Macklemore & Ryan Lewis and Blondie.

While New York wowed the revellers, Britain rang in 2014 with thrilling fireworks and the torch-lit tradition.

In London the crowds were treated to edible confetti spewed by the fireworks.

Miley Cyrus at Times Square, New York
Miley Cyrus performs for revellers in Times Square during New Year\'s Eve celebrations in New York. Reuters
New Year celebrations in London
Fireworks explode across a London skyline near the London Eye during New Year celebrations in London. Reuters
New Year celebrations in Shanghai
Visitors watch a light show as part of a New Year countdown celebration on The Bund in Shanghai. Reuters
New Year celebrations in Rio, Brazil
People watch fireworks exploding over Copacabana beach during New Year celebrations at the Pavao Pavaozinho slum in Rio de Janeiro. Reuters
New Year celebrations in Budapest
Revellers pose during New Year celebration time in Budapest. Reuters
A view of the Nordkette mountains during New Year celebrations
Fireworks explode over the city of Innsbruck and the Nordkette mountains during New Year celebrations. Reuters