Streaming Boom Can't Offset Decline in Physical Music Sales
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.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!