A recent study by the Forrester Research Inc. makes interesting reading. Not only are the number of legal MP3 downloads actually growing year on year, they are expected to continue to grow by 23% over the next five years. In 2012 online music downloads are expected to contribute more in terms of sales than physical CDs.
According to the report, this is the end of the music industry as we know it. That might be a little dramatic, but it is certainly a huge change and those not equipped (or not willing) to move with the times will be left behind. Simple. Actually this isn’t bad news for the industry at all – sure it’s bad for some organizations – and it might be good news fro the consumer.
And this is just the legitimate side of music downloads: unofficial downloads undertaken by users of filesharing software such as Ares are estimated to account for many, many more.
Tags: music downloads
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March 14th, 2008 at 9:50 pm
[...] likely. So you’ve probably downloaded music. Whether you did this through one of the many services offering MP3 downloads or through a filesharing network like that provided by Limewire, you can be sure that you are in [...]
March 14th, 2008 at 10:03 pm
[...] Stop and think: when was the last time you went out in the car, traveled into town, found a car parking space, walked through the rain and went into a CD shop? When you where there, did they have the CD you were looking for? If your last CD shopping experience was an unpleasant one then it’s likely that you’ll be joining (or will already have joined) the millions of people who download MP3s online. [...]
March 15th, 2008 at 9:24 am
[...] admin wrote an interesting post today onHere’s a quick excerptNot only are the number of legal MP3 downloads actually growing year on year, they are expected to continue to grow by 23% over the next five years. In 2012 online music downloads are expected to contribute more in terms of sales than … [...]
March 29th, 2008 at 5:14 pm
[...] admin wrote an interesting post today onHere’s a quick excerptNot only are the number of legal MP3 downloads actually growing year on year, they are expected to continue to grow by 23% over the next five years. In 2012 online music downloads are expected to contribute more in terms of sales than … [...]