Report: CDs to Still Dominate in 2009; Digital Music Will Be 8% of Market

Authored by Mark Hefflinger on September 28, 2004 - 9:26am.

London -- Compact discs will continue to dominate the recorded music market for at least the next five years, while digital music downloads will slowly increase their market share, according to a report from New York-based market research firm Jupiter Research. The firm predicted that Europeans will spend about $1 billion on digital music in 2009, including downloads and subscription services, but this will make up only 8% of the overall $12.6 billion music market there. By contrast, rival research firm Forrester predicted recently that digital music would make up 30% of the overall European market by 2009. "Digital music distribution will be an important alternative revenue channel for the music industry, but it is not about to replace the CD," said Jupiter Research analyst Mark Mulligan. "Although Europe's digital music market has finally begun to take off after a sluggish start, it will remain a relatively niche market."
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