Revenue in the Music Downloads segment is projected to reach US$1.41bn in 2022.
Revenue is expected to show an annual growth rate (CAGR 2022-2027) of -2.75%, resulting in a projected market volume of US$1.22bn by 2027.
In global comparison, most revenue will be generated in the United States (US$444.30m in 2022).
In the Music Downloads segment, the number of users is expected to amount to 651.3m users by 2027.
User penetration will be 8.2% in 2022 and is expected to hit 8.2% by 2027.
Music Downloads are defined as paid downloads of professionally produced single tracks or albums/compilations. Digital music files, e.g. in the MP3-format, can be purchased per one-time transaction and are then permanently accessible for the user. The most popular digital music download platform is Apple’s iTunes. Digital audio books are not included.
Paid downloads of professionally produced single tracks or albums/compilations