Hampshire, U.K. – Despite the global recession, combined revenues from streamed mobile music services and full-track downloads are expected to climb from $2.5 billion in 2009 to nearly $5.5 billion in 2013, according to a report from Juniper Research.
"While some of the more traditional music services — most notably polyphonic ringtones and realtones — are in decline across many markets, we’re now seeing a surge in the adoption of more sophisticated offerings," said report author Dr. Windsor Holden.
"Recent positive developments, such as Apple announcing that iPhone customers can use the 3G network to download full-tracks, will offer a further stimulus to growth."
The firm cautioned that ad-supported mobile music services could fare worse due to a global reduction in ad spending budgets.
The Far East and China region is expected to account for the largest share of mobile music revenues over the next five years, followed by Western Europe.