According to the latest research from iSuppli, The global market for digital recorded music, (delivered both via broadband and over mobile-phone networks,) is expected to grow by nearly six-fold during the period from 2005 to 2010.
Due to the rapid growth of these two segments, iSuppli believes the worldwide market for digital recorded music will reach $14.9 billion in revenue by 2010, expanding at a Compound Annual Growth Rate (CAGR) of 40.7 percent from $2.7 billion in 2005. Meanwhile, the market for physically distributed music, i.e. music CDs, will decline to $19.6 billion by 2010, down from $27.3 billion in 2005.
Major trends in digital music include:
--The emerging competitive battle between mobile and broadband music services.
--Mobile/cellular music's generation of new revenue streams, as well as comparatively lower piracy risk and new forms of music derivatives.
--The strong expansion of broadband music revenue in North America, and the nascent growth in Europe and Japan.
--The vertical integration of the music playback devices, software and online stores, as more competitors mimic Apple's successful iTunes/iPod model.
--The rising number of mobile music track downloads and the increasing sales of music-enabled phones as a competitive threat to broadband music and standalone MP3 players. Music-enabled phones already out-ship MP3 players by a factor of more than 2 to 1.
Of these, the most important trend in digital music is the increasing competition between broadband music distribution and mobile network music distribution.
Monday, November 27, 2006
Monday, November 20, 2006
The folks over at Rhapsody have released a new 33 page PDF white paper which provides an overview of Rhapsody DNA, the music software platform that enables integration of the Rhapsody experience directly into hardware, software and the Web. Rhapsody DNA is an extension to the Rhapsody music service that provides the entire technology stack needed for a Rhapsody-branded consumer facing experience. Rhapsody DNA provides the consumer with secure, personalized end-to-end hardware, software and browser access to music and music assets. (The white paper also serves as an introduction to the Rhapsody DNA SDKs...)