Explosion Predicted for 2010
As music and computer technology advance consumers delve into their pockets for more.
Music downloads are set to increase ten-fold by 2010 to account for 15% of all music sold in the UK, researchers predict. Sales of songs downloaded from Internet sites will rise to £379m according to a report from PayPal. The average UK consumer will download 25 tracks and spend £15 on music downloads in 2010. An increased range of music on offer plus average per track prices of just 60p can boost sales of legal music downloads. Music downloads from mobile phones are set to rise to £200m by 2010. The mobile music market will grow three-fold from £380m in 2005 as the rise of 3G mobile will spur consumer spending on mobile services.
A PayPal spokesman said 'consumers will shift more of their music purchasing to on-line services as devices change and digital storage becomes more prevalent and CD use beocmes less wide-spread.'
In addition, films which can be downlaoded from the Internet to computers are another area tipped for growth.
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A PayPal spokesman said 'consumers will shift more of their music purchasing to on-line services as devices change and digital storage becomes more prevalent and CD use beocmes less wide-spread.'
In addition, films which can be downlaoded from the Internet to computers are another area tipped for growth.
You heard it here first