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# Digital Music Sales On Track To Rise 7% In 2011
- URL: https://www.hypebot.com/digital-music-sales-on-track-to-rise-7-in-2011/
- Published: 2011-11-08T09:59:50.000Z
- Updated: 2011-11-08T09:59:50.000Z
- Description: Digital music revenues are on track to rise about 7% globally to $6.3 billion according to a new study be respected research firm Gartner. But revenues from declining CD sales. Continue reading [https://www.hypebot.com/hypebot/2011/11/digital-music-sales-on-track-to-rise-7-in-2011.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:55

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Digital music **revenues** are on track to rise about **7% globally** to **$6.3 billion** according to a new study be respected research firm Gartner. But revenues from **declining CD sales** are not expected to make up for the rise in digital revenue led by iTunes and the growing momentum of digital streaming services like **Spotify** and **Pandora**.

  
By 2015, Gartner forecasts digital music sales to hit $7.7 billion from $5.9 billion in 2010\. In the same period, consumer spending on CDs and other physical music is predicted to drop to $10 billion from $15 billion.

"The music industry was the first media sector to feel the full impact of two major forces — the Internet and technology-empowered consumers" Gartner analyst Mark McGuire said in the report. "It has staggered through the first decade of the 21st century and entered the second bedraggled financially and facing a powerful set of intermediaries, which are creating borderless global ecosystems that defy the industry's previous notions of control and monetisation."