Currently, digital music sales make up approximately 18 percent of total music sales in the U.S. market. Wired PR News.com — As reported by Reuters, the number is expected to increase by more than double within the next five years to 41 percent.
The predictions of Forrester Research were released Monday in their “U.S. Music Forecast, 2008 to 2013” report. Information was also presented on an expected increase in the number of people who will pay for downloading music online by 2013, and a steady decline in CD sales in the U.S. for the five-year time frame. There is anticipated to be a switch from CD purchases to a higher number of purchases for digital music.
Also noted in the Reuters report, was the conclusion of Forrester Research that buying music downloads has increased in popularity. These kinds of sales are deemed the main area of growth for the U.S. music market.
Forrester Research is an independent company based in Massachusetts.
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