Global Digital Music Market will Grow by 12 Percent
The Global Digital Recording Music market is to grow at a CAGR of 12.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in initiatives to curb piracy.
One of the major trends is an increase in the adoption of cloud services.
Cloud computing is paving the way to access music online legally and is rapidly being adopted — since it adds value in terms of music portability.