Report: Mobile Music To Hit $14.6 Billion In 2013

Report: Mobile Music To Hit $14.6 Billion In 2013

from mocoNews.net by James Quintana Pearce

Juniper Research has predicted that the total mobile music services market will hit nearly $14.6 billion by 2013. Although there will be a sharp fall in ringtone revenues as users find alternatives this will be more than offset by growth in full-track downloads, streamed music services and ringback tones. Driving the growth are improvements in technology (higher memory, handset form factors, reduction of data costs) as well as an increase in the willingness of major labels to participate in mobile ventures. User-generated content will also help raise the total. This is a massive reduction from their predictions of a year ago, when Juniper thought total mobile music sales would hit $17.6 billion by 2012