Forecast Predicts Strong Digital Download Growth
At present there are 105.4m paid users of digital music in North America. A new forecast predicts that number will grow to 227.2m by 2014. As well, it argues that the number of paid download users in the US and Canada—from the period of 2010 to 2014—will increase from 105.4m to 227.2m.
However, they expect that the greatest growth will happen through online and mobile subscription users; an increase from 1.9m in 2009 to 9.1m in 2014. In accordance, they forecast that digital music retail revenues in the US and Canada will increase from $4bn in 2009 to $11.86bn in 2014.