Strategy Analytics – latest music sales estimates

The value of global online music sales revenues climbed 40 per cent in 2007 in contrast to 2006, and is expected to continue to climb at a 23.9 per cent compound annual growth rate annually until 2012.
This at least is what Strategy Analytics analyst, Martin Olausson, predicts in the research firm’s latest publication, ‘Online Music: Global Market Forecast’.
While the growth is strong, it’s insufficient (yet) to compensate for falling CD sales, the analyst notes.

The value of online music sales will climb from $ 2.4 billion in 2007 to almost US$ 7 billion in 2012, he estimates.
Conventional sales aren’t so fortunate, with Olausson noting: “2007 was yet another disaster year for the recorded music industry with worldwide sales of CDs down more than 13 per cent compared to 2006,” the analyst wrote. “We expect that CD sales will continue to decline rapidly over the forecast period in the majority of markets and project a compound annual growth rate (CAGR) of negative 11.6 per cent in the 2008 to 2012 forecast period,” he warned.

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