Mobile music market to top USD7bn by 2011

The market for music played via mobile phones is set to hit USD7.3bn in 2011, up from USD3bn by the end of this year, according to eMarketer.

This figure has already more than doubled from USD1.7bn in 2007, thanks to mobile operators using popular music for services such as ring tones, audio downloads and streaming services. Several phone companies are already catching on to the trend, providing services such as Vodafone’s Music Reporter, eMarketer notes.

Sales of mobile music will even start to catch up with the online music market, which is set to rise from USD4.1bn this year to USD7.5bn. Together, these two categories will account for 56% of total music spend in 2011.

However, poor sales of CDs and audio DVDs will account for the total music market dropping from USD27.9bn to USD26.2bn over the same period.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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