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However, data for other related markets are included, such as equipment for home listening and viewing.
Recorded music dominates, but this large market is on the cusp of a technological revolution that will eventually transform the way the majority of people buy music. In 2005, most music was bought as compact disc (CD) albums — the `single', vinyl and cassette having already become minor sectors — but `legal downloading', although still in its infancy, is accelerating rapidly. Key Note forecasts that, by 2010, legal downloading will account for more than a third of consumer spending on recorded music, although the time-lag while older consumers get used to the new technology will mean that CDs will remain the main format for years to come...
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Common topics in this essay:
- Analysis of the music industry
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