Despite continuing growth of digital music sales, recorded music sales are expected to decline overall in 2012. Market research firm Strategy Analytics expects digital sales to grow 17.8 percent to $8.6 billion while physical sales are expected to decline 12.1 percent to offset any digital gains.
The bottom line is an expected net decline of $0.6 billion in 2012. Now accounting for almost 40 percent of the industry’s revenues, digital music spending is expected to surpass physical sales on a global scale in 2015.
Overall, Strategy Analytics expects the music market to stabilize in the next few years. That is unless a new trend comes around to upset the status quo.
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