1. Market Research
  2. > Consumer Electronics
  3. > Portable Devices Market Trends
  4. > Portable Music

Portable Music Industry: Get Market Research and Figures

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
0 vote

Topics under Portable Music

Global Portable Music Industry Trends

Record company revenue from digital music rose 8% in 2011 to exceed $5 billion, reports IFPI. Market growth the previous year was around 5%, representing the first year-on-year increase in six years. The number of paid users of digital music is expected to grow at a yearly rate of 17%, reaching almost 1.6 billion in 2014, reports IE Market Research.

Users of digital music can take advantage of several digital channels to access music, including downloading online or though mobile devices and subscribing to online download portals. It is expected that the 500 million consumers downloading music through mobile headsets in 2009 will double to exceed 1 billion in 2013. Subscriptions to online and mobile music channels will represent the fastest growth in the worldwide digital music market, with online subscription users outpacing growth in the larger mobile channel segment. 

One major obstacle to market growth in the digital music industry is piracy. To tackle the problem, various industry players will need to pool their efforts, with advertisers, search engines, mobile service providers and internet service providers all working together to limit revenue loss caused by piracy.

Key Segments

Mobile platform music and digital distribution has grown for mobile handsets, reports Visiongain. Mobile music has seen its consumer base expand, fuelled by digital distribution through iTunes, to reach a growing number of iPhone owners and mobile handsets.

Mobile phones and the mobile web continue to drive digital distribution of mobile content, catering to specific demand of various consumer groups. The mobile phone is likely to replace the MP3 player in terms of mobile music due to wireless headphone development and handsets offering MP3 functionality for the most part.

MP3 players are witnessing a decline worldwide as mobile phones encroach on their market, offering superior services such as FM radio, extra memory for song storage and radio recorders, reports Euromonitor International.

The world flash memory card industry is expected to record slowed yearly growth of -5.6% between 2011 and 2015, according to research from TechNavio. Market growth will be fuelled by growing demand for smartphone storage devices, which are equipped to take photographs, and play videos and music. Portable devices with large in-built memory may represent an obstacle to market growth in this segment.

Industry Leaders

The number of paid subscriptions to digital music suppliers such as Deezer and Spotify rose from 8 million to exceed 13 million in 2011, according to music recording industry association IFPI. Music downloading has been fuelled by cloud-based services including iTunes Match, which ventured into almost 30 new markets in 2011, bringing its global presence to 50 countries. In the same year, download service 7digital opened stores in Singapore, Malaysia, New Zealand and Australia, bringing its global presence to more than 35 countries.

Read more ยป

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of 38 reports

Global Headphone Markets - Forecast

  • January 2016
    3 pages
  • Headphone  

  • United States  

    World  

View report >

Headphone Industry

  • January 2016
    60 pages
  • Hi-Fi System  

    Microphone  

    Headphone  

View report >

Global Headphone Industry

  • September 2015
    110 pages
  • Post-Transition...  

    Rare Earth  

    Speaker  

  • World  

    United States  

View report >

Headphone Statistics

  • January 2015
    7 pages
  • Headphone  

View report >

Earphone Industry in India - Forecast

  • January 2015
    7 pages
  • Earphone  

    Speaker  

    Sensor  

  • India  

View report >

Global Headphone Industry

  • January 2015
    2 pages
  • Headphone  

  • World  

    United States  

View report >

Smartphone Markets in Australia

  • December 2014
  • Tablet Computer  

    Mobile Computer  

    Smartphone  

  • Australia  

View report >

Audio And Video Equipment Industry in the US - Forecast

  • April 2014
    76 pages
  • Headphone  

    3D Printing  

  • United States  

View report >

Headphone Industry in the US - Forecast

  • January 2014
    32 pages
  • Headphone  

  • United States  

View report >

IPod Statistics in the UK

  • January 2014
    12 pages
  • iPod  

  • United Kingdom  

View report >

Search in Portable Music Industry (38 reports)
Parent industry: Portable Devices
Related industries: Navigation Systems, Mobile Phone

87 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 1 863 - $ 5 650)

HI-FI System Market by Product, Device, Connectivity Technology, Applications, And Geography - Global Forecast to 2022

HI-FI System Market by Product, Device, Connectivity Technology, Applications, And Geography - Global Forecast to 2022

  • $ 5 650
  • Industry report
  • May 2016
  • by MarketsandMarkets

The Hi-Fi system market size, in terms of value, is expected to grow from USD 10.62 billion in 2015 to USD 16.49 billion by 2022, at a CAGR of 6.4% between 2016 and 2022. Audio device manufacturers have ...

Global Portable Media Player Industry 2016 Market Resea ...

May 2016 $ 2 850

Global Noise-cancelling Headphones Market Research Repo ...

May 2016 $ 2 850

Global Hi-fi Headphone Market Research Report 2016

May 2016 $ 2 850

Global Infrared Headphones Market Research Report 2016

May 2016 $ 2 850

Global Earphone & Headphone Industry 2016 Market Resear ...

May 2016 $ 2 850

Global And Chinese Headphone Industry, 2016 Market Rese ...

April 2016 $ 2 800

Global Mobile Phone Accessories Market 2016-2020

June 2016 $ 2 500

Global Smart Headphones Market 2016-2020

June 2016 $ 2 500

Global Accessories And Peripherals Market For Smartphon ...

May 2016 $ 2 500

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.