Home  › Stats › Audience/Traffic

Online Music Sales to Crescendo

  |  October 1, 2004   |  Comments

The digital music industry is expected to hit high notes in the coming years, both in Europe and the U.S.

Digital music sales are expected to hit high notes in the coming years, but CDs will still be the medium of choice, according to JupiterResearch (a unit of this site's corporate parent).

The European digital music market is expected to quadruple from the €10.6 million (US$13.17 million) earned at the end of 2003 to €46.3 million (US$57.5 million) by year-end 2004. The surge will continue through 2009 when digital music revenues reach €836 million (US$1.03 billion), representing 8 percent of the total music market.

The UK will lead the digital music charge, accounting for 30 percent of the 2009 European total at €248 million (US$308.27 million).

Digital music sales in the U.S. will outpace that in Europe, but CDs will continue to rule in the States too. JupiterResearch expects digital music sales to reach US$270 million by the end of 2004, and grow to US$1.7 billion by 2009 - 12 percent of the total consumer music spending.

Evidence that the paid downloading surge is well underway comes from research from Ipsos-Insight. As of the first quarter of 2004, the firm found that 37 percent of American downloaders had paid for online music, compared to 22 percent in 2003, and just 8 percent who said they paid a fee the year prior.

Ipsos found that 62 percent of those who paid to download music burn the songs to CDs, while just 26 percent transferred the files to a portable MP3 player. Jupiter predicts that U.S. shipments of MP3 players will grow over 50 percent in 2004 - to more than 5 million - and will continue to grow almost 50 percent per year for the next several years.

ClickZ Live San Francisco This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) brings together the industry's leading practitioners and marketing strategists to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, this year's comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!

ABOUT THE AUTHOR

COMMENTSCommenting policy

comments powered by Disqus

ClickZ Stats delivers stats headlines to your inbox twice a week. Subscribe today!

COMMENTS

UPCOMING EVENTS

Featured White Papers

BigDoor: The Marketers Guide to Customer Loyalty

The Marketer's Guide to Customer Loyalty
Customer loyalty is imperative to success, but fostering and maintaining loyalty takes a lot of work. This guide is here to help marketers build, execute, and maintain a successful loyalty initiative.

Marin Software: The Multiplier Effect of Integrating Search & Social Advertising

The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.

WEBINARS

    Information currently unavailable

Jobs

    • Internet Marketing Campaign Manager
      Internet Marketing Campaign Manager (Straight North, LLC) - Fort MillWe are looking for a talented Internet Marketing Campaign Manager to join the...
    • Online Marketing Coordinator
      Online Marketing Coordinator (NewMarket Health) - BaltimoreWant to learn marketing from the best minds in the business? NewMarket Health, a subsidiary...
    • Call Center Manager
      Call Center Manager (Common Sense Publishing) - Delray BeachWanted: Dynamic Call Center Manager with a Proven Track Record of Improving Response...