Online music sales will grow rapidly over the next five years, although traditional music sales will still make up almost two thirds of revenues in 2011, a survey by market researcher Forrester said on March 27.
The study forecast a 30 percent decline in European sales of traditional music formats like CDs and DVDs, but music downloads on the web from shops like iTunes Music Store from Apple will fill the gap.
Online sales are seen growing more than tenfold to 3.9 billion euros ($4.70 billion) in 2011 from 279 million euros in 2006.
The total music sales market will grow to nearly 11 billion euros by 2011, up from less than 9.5 billion euros now, as the new sales channels will boost demand.
The survey coincides with the launch of new services aimed at boosting the take-up of online music sales. Mobile technology and services companies mBlox and NewVisions on Monday introduced a mobile phone delivery system which includes the network charges for mobile phone download of music.
Until now, these network fees were often several times the price of the 2 euro ($2.41) song itself.
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