A Half of Digital Music Revenue Globally is Generated by Streaming Music Sales, Informs BuddeComm in Its Report Available at MarketPublishers.com04 May 2016 • by Natalie Aster
LONDON – At present, the world’s streaming revolution is gaining momentum. As a vehicle assisting in the delivery of consumer content, Internet is turning into a rival of broadcast TV.
With improved broadband and mobile infrastructure and consumers having a voracious appetite for social media, gaming, music and video streaming, the entertainment industry is currently flourishing.
At present, approximately 50 percent of all digital music revenue (on a global scale) is generated via steaming music sales. In the USA alone, digital music distribution held a share of over 70 percent of music revenue by early 2015.
Social media is set to continue developing as a purchasing and marketing tool. Mobile devices have large potential in developing market, and mobile social networking players are increasingly interested in capitalizing on such markets.
Besides, mobile video communication represents a key area for potential growth across developed markets.
The global mobile application revenues are expected to amount to more than USD 50 billion in 2016. Games represent the most popular applications being downloaded by mobile devices.
In-demand research report “Global Digital and Mobile Media - Video Streaming, Smart TV and Entertainment Industries” elaborated by BuddeComm offers an up-close look at the global and digital media marketplace. The study discusses global trends related to social networks, applications and gaming and comprises valuable statistics on these fields.
It explores broadcasting transformation globally and casts light on trends on the global streaming media. The report focuses on triple and quad play and investigates cloud technologies and digital entertainment trends. It examines the impact digital services have on the media sector. The research study contains historical data and it also contains market projections for the years to come.
More cutting-edge research reports by our partner can be found at BuddeComm page.