Juniper Research Predicting Mobile Music Industry to Have Amazing Growth
It has been noticed by the worlds major labels that mobile music is currently going through a tough time. However, Juniper Research is predicting that ‘music consumed on mobile handsets’ will rise from $2.4 billion in 2010 to $5.5 billion in 2015.
“The development of mobile devices has now reached the point where they match the technical specs of dedicated MP3 players,” says author Daniel Ashdown. “Add in connectivity – just one click to buy and download – along with all the other smartphone features, and there is no competition between the two.”
Im sure mobile music consumption will increase dramatically over the next few years, but more music will simply be consumed on all devices as it becomes a lot accessable.