Statistics on the growth of the digital music business
“In 2008 the digital music business internationally grew by around 25 per cent to US$3.7 billion. Digital platforms now account for around 20 per cent of recorded music sales, up from 15 per cent in 2007.”
“The recorded music industry generates a greater proportion of its revenues through digital sales than the film, magazine and newspaper industries combined.”
“Consumer demand for music is higher than ever. NPD research found that total music consumption in the US rose by one third between 2003 and 2007. Nielsen Soundscan reported overall sales at an all-time high in the US in 2008.”
“Single track downloads, up 24 per cent in 2008 to 1.4 billion units globally, continue to drive the online market, but digital albums are also growing steadily (up 37%).”
All taken from IFPI’s Digital Music Report 2009 Key Statistics, available here: http://www.ifpi.org/content/library/DMR2009-key-statistics.pdf
For the full Digital Music Report 2009 or a summary, go here: http://www.ifpi.org/content/section_resources/dmr2009.html
