Research and Markets (http://www.researchandmarkets.com/research/l97vst/global_digital) has announced the addition of the "Global Digital Music Market 2015-2019" report to their offering.

The analysts forecast the Global Digital Music market to grow at a CAGR of 14.61% over the period 2014-2019

In digital music, the sound is encoded in digital format. The technology used records, stores, and generates music in digital form. Digital music service allows customers to listen to and download music. High-quality music is made available for purchase, access, and play back by the service provider. In this type of service, the service provider purchases digital rights from music recording companies.

One of the major trends emerging in the market is an increase in the adoption of cloud services for music streaming. This gives vendors the flexibility of scaling and avoids the need to maintain a physical data server. Also, it gives listeners the flexibility to store their music on the cloud and access it from any connected device.

According to the report, the growth in disposable incomes, especially in developing countries such as China, is one of the major drivers of this market. With more spending power, people choose leisure and entertainment activities.

Further, the report states that growing piracy of digital music using torrents and illegal downloading websites is a major challenge that the market faces. It has been estimated that one in four internet users is using unapproved modes to access music illegally; half of these utilize peer-to-peer systems, whereas the other half download music through websites, blogs, and stream-ripping applications, among other ways.

Key Vendors

  • Amazon.com
  • Apple
  • CBS
  • Deezer
  • EMI Music Publishing
  • Fox Music Publishing
  • Google
  • Hungama Digital Media Entertainment
  • Microsoft
  • Sony
  • Spotify
  • Universal Music Group

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Digital Music Ecosystem
  7. Market Landscape
  8. Market Segmentation by Type
  9. Market Segmentation by Platform
  10. Geographical Segmentation
  11. Key Leading Countries
  12. Buying Criteria
  13. Market Growth Drivers
  14. Drivers and their Impact
  15. Market Challenges
  16. Impact of Drivers and Challenges
  17. Market Trends
  18. Trends and their Impact
  19. Vendor Landscape
  20. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/l97vst/global_digital