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| Digital music sales expected to capture 40% share by 2012 |
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| Business and Law | ||||||
| By Wolfgang Gruener | ||||||
| Wednesday, April 09, 2008 12:52 | ||||||
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In-Stat believes that four out of ten music track sales will be digital by 2012. The market research firm said that digital music sales reach a share of 10% on a global basis in 2007, up from 6% in 2006. Factors contributing to this growth include the global expansion of broadband, continued demand for single-track downloads, and expanding music catalogues, according to In-Stat.
Recent reports indicated that digital music sales in the U.S. currently hold a 29.1% market share.
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