Forecaster Says 2010 Is Digital Music Tipping Point
2010 is the year the total dollars spent on digital music will surpass the sale of physical goods according to a new forecast. Paul Verna, eMarketer senior analyst and author of the report, “Paid Music Content: The Answer Is Blowin’ in the Cloud.” forecasts that US consumer spending on digital music will increase at a compound annual growth rate (CAGR) of 11.04% in the next four years, reaching $4.56 billion in 2013, up from $3 billion in 2009.
As iPod Sales Slow Music Will Move To Cloud -
“While the first generation of US digital music services was predominantly download-based, the next iteration is likely to be based around subscription models,” said Verna. “US consumers are growing accustomed to accessing digital content on remote servers via Web browsers. Extending this paradigm to music files is a logical step, and one that content owners are determined to make work.”