Market Research Shows Music Streaming To Be the Sound of 2012

Search

Get In Touch

Comments:
Name:
Company:
Email:
Phone:

Approved Suppliers For...

DJS News

DJS Research Ltd Promotes Charlotte Sykes to Research Manager
Mon, 29th Apr 2013
DJS Research Ltd is pleased to announce the promotion of Charlotte Sykes to Research Manager. ... Read More

E-News Sign up

Name:
Email:

Market Research Insights

Automotive Market Research Reveals Top Rated Car Models and Manufacturers
Fri, 24th May 2013

The latest automotive customer satisfaction survey by magazine WhatCar?, which garnered the ratings of 16,000 vehicle owners, has ......Read More
Android and iOS Account For Majority of Smartphone Operating System Market
Thu, 23rd May 2013
Figures from recent telecoms market research by IDC suggest that Android has moved ahead as the leading ......Read More
New Research Suggests European Smartphone Users Face Price Disparities Compared to UK
Thu, 23rd May 2013
New research in to smartphone tariffs has suggested that, in markets without a ‘maverick’ competitor – such ......Read More
Mobile Phone Users Calling For "Sponsored" Bills, Says Market Research
Thu, 23rd May 2013
Telecoms market research carried out by Guavus, a big data analytics company, has suggested that there is ......Read More
Survey Discovers UK Brands Struggling to Retain Customer Loyalty
Wed, 22nd May 2013

The latest Advertising and Media Market Research by Epsilon has discovered that UK brands are finding it difficult ......Read More
Survey Sees Majority of Britons Spending Their Summer Holiday Locally
Mon, 20th May 2013

Market research by budget hotel operator Travelodge, which questioned 3,000 British adults, has revealed that as many as ......Read More
Consumer Survey Reveals Highest and Lowest Rated High Street Brands
Fri, 17th May 2013

A new survey by consumer watchdog Which? has uncovered the best and worst rated High Street stores in ......Read More
Survey Analysis Shows Pirate Downloaders Also Buy the Most Online Content
Wed, 15th May 2013

A follow-up analysis of market research conducted by Government watchdog Ofcom has revealed some interesting results about pirate ......Read More
Electric Car Market Seems Unlikely To Accelerate, Suggests Research
Tue, 14th May 2013
Recent news in the electric car industry has led some analysts to voice disbelief in Barack Obama's target of ......Read More
Study Shows Western Europe's Main Dealer Count Declined in 2012
Tue, 14th May 2013
Research by ICDP (based in the UK) has suggested that the collapse in demand for cars in Western Europe ......Read More

Market Research Shows Music Streaming To Be the Sound of 2012About The Authors

16th August 2012 10:33 - Media and PR

Research by industry watchers Strategy Analytics suggests revenue from music streaming services such as Spotify will generate £696m in 2012, a rise of 40 percent.

Though CD and vinyl still dominate the music industry, accounting for 61% of all music sold worldwide - their sales have dropped by 12% across the globe and by 30% in the UK. Downloads are set to rise by 8.5% globally this year.

This increased contraction in sales of physical products (CD and vinyl) in the UK is set to be mirrored in the wider music industry, with total spending on music set to fall by 16% in the UK, compared to just 2.6% worldwide.

Still, the UK accounts for around 44% of the music download market in Western Europe, thanks in part to high levels of broadband penetration. Digital downloads are expected to generate around £194m in the UK in 2012.

Strategy Analytics forecast that spending on digital music - including downloads, streaming music and mobile sales - will overtake the sale of physical products like CDs in 2015, both in the UK and worldwide.

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms: