Prediction: Asia Will Be 40% of Global Music Market by 2011

Below are Hypebot’s prediction based on the arising global music market

THE NUMBERS:

-By 2011, the Asia Pacific region will represent 33% of the global music market, and 40% of global digital revenues.

-The Asia Pacific music market will grow from 9 billion dollars US to 10 billion dollars by 2011

-Physical sales will decline at a 9% compound annual rate

-Digital music will grow at 30%

-Asia constitutes 60% of the world’s mobile music market. That’s 3 times the size of the US with
Japan, China and S. Korea cornering 95% of the Asian market.

Sound Off!!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s