Research firm Juniper Research has published its latest digital music forecasts, predicting revenues of $12.3bn this year, rising to $13.9bn in 2019 – slow growth, to say the least. The report suggests that growth from streaming music services will continue to be offset by declines in “legacy services such as ringtones and ringback tones”, although some might suggest that by 2019, full-track download sales may also fall into this category. We asked another analyst, Mark Mulligan, for his opinion on the predictions, and he noted their caution. “ If that is the rate digital music does grow (13.9%) then the total music market will be contracting strongly as CD sales will be tanking over the period,” he told Music Ally. “Digital needs to grow at about double that rate to just keep up with declining CD sales.”

EarPods and phone

Tools: platforms to help you reach new audiences

Tools: Kaiber

In the year or so since its launch, AI startup Kaiber has been making waves,…

Read all Tools >>

Leave a comment

Your email address will not be published. Required fields are marked *