Digital Music Sales Set for Growth
January 26, 2008 |
The following factors will shape worldwide digital music market in 2008 - 2012:
- Demand for digital music will continue to grow at about 11% annually.
- Share of online downloads will increase at the expense of CD sales.
- New generation of pre-loaded solid memory portable devices will further boost digital music market.
- Emerging middle class in India and China will turn to legal forms of acquiring digital music.
- The growth rate will slow down in 2010 when online and mobile downloads will mostly replace CD sales.
- Emergence of local titles in developing economies is already uptrend.
- Mobile entertainment sector will experience explosive growth. Digital music distribution via mobile channels represents huge business opportunities.
| Digital Entertainment Markets 2008 - 2012, $Bln | ||||||
| Market | 2008 | 2009 | 2010 | 2011 | 2012 | CAGR, % |
| Digital Music | $4.2 | $5.5 | $6.0 | $6.8 | $7.2 | 11.4% |
| Mobile Entertainment | $26.0 | $32.0 | $38.0 | $54.0 | $68.0 | 21.2% |
| Mobile Games | $7.5 | $11.4 | $14.0 | $17.4 | $20.0 | 21.7% |
| Mobile TV | $2.5 | $6.5 | $8.8 | $10.7 | $14.0 | 41.1% |
Categories: Market Intelligence |
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