The Digital Music Market Outlook: Evolving business models, key players, new challenges and the future outlook

Abstract

The digital music market has witnessed strong growth since the launch of online music platforms. Driven by the increasing penetration of broadband and mobile technologies, the digital platform is fast becoming a significant contributor to the record companies' revenues. The record companies are also changing their business models and adopting these alternative distribution channels to reach a larger consumer base. This report aims to profile the global digital music market, primarily covering the online and mobile music platforms. It provides an overview of the global market, covering market dynamics, trends and drivers. It covers the key developed and emerging markets, in terms of penetration of broadband and mobile technologies and the uptake of the online and mobile music platforms. It analyses the changing business models in the online music industry, with a focus on the emerging trends and provides insights into the future outlook of the market. It also discusses the key challenges that the market is currently faced with and the major steps being taken to overcome these challenges by the key players.