Digital music sales account for 18 percent of US music market; iTunes dominates
Posted by Dennis Sellers 
Dec 2, 2008 at 2:18pm
Digital music sales account for 18 percent of the U.S. music market and that figure will grow to 41 percent in five years, Forrester Research said in a report released on Monday (as noted by Reuters). With Apple holding 70 per cent of the US market, these figures suggest the company now accounts for 12.6 per cent of all US music sales, though this is impossible to fully verify, notes the Distorted-Loop web site.
The report also forecast that 55 percent of U.S. online consumers will pay to download digital music in 2013. JupiterResearch, a division of Forrester Research, said in the report that growth in digital music sales won’t compensate for declining CD sales, with the overall U.S. music market shrinking over the next five years from its current level of US$10.2 billion to $9.8 billion.
The report also noted crossover between CD and digital music purchases. In a survey, researchers found that 64 percent of subscribers to digital music services and 57 percent of consumers who download music have bought a CD in a store in the past year.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
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