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Digital Music Market to Grow 22% Annually Through 2015


August 2, 2011 - Rockville, MD

MarketResearch.com has announced the addition of the new report "The Digital Music Market Outlook," to their collection of Music market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6462654

This report examines developments across the rapidly evolving digital music industry. It analyzes the evolving value chain and business models; provides market sizing and forecasting by segments, paid users and geography; underlines key players strategies and industry stakeholders' initiatives to curb piracy; and provides actionable insight on how to best approach this fast-changing market.

The report anticipates that global digital music revenues will more than double from $7 billion in 2010 to 20 billion by 2015, growing at a CAGR of 22% over the period. Subscriptions will be the fastest growing segment, growing at CAGR of 61% over the forecast period.

In terms of market value, the US, Japan, UK, France, and Germany are the key digital music markets, together accounting for 79.5% of the global market in 2010. India, China, and Mexico are the upcoming digital music markets, which present strong growth potential.

Globally, ISPs are entering the battle against music piracy, primarily driven by the collective efforts of music companies and local government's support. In 2010, France, Ireland and South Korea took steps to curtail music piracy, while others including the UK, New Zealand, and Malaysia are aiming to do so in 2011.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6462654

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit www.MarketResearch.com.

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MarketResearch.com
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