Digital sales will account for 40% of music by 2012

By on April 11, 2008, 9:57 AM
There’s no denying that sales of music over the internet are on the rise, and iTunes strong position in the market is proof of that. Now, a recent report from market research firm In-Stat says that digital sales will account for 40 percent of all music purchases worldwide by 2012.

Digital sales grew by 48 percent between 2006 and 2007, and accounted for just over $3 billion in revenue last year. Fueling this growth is the expansion of broadband, the expansion of the mobile music market, and a growing demand for single-track downloads. Of course, there are still obstacles to overcome including both piracy and the copy protection schemes that often discourage customers from either shopping at more than one store or refrains them from buying online altogether.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.