TechNavio's analysts forecast the Global Digital Recording Music market 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. The Global Digital Recording Music market has also been witnessing an increase in the adoption of cloud services. However, the decrease in consumer spending could pose a challenge to the growth of this market.
TechNavio's report, the Global Digital Recording Music Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the America, and the EMEA and APAC regions; it also covers the Global Digital Recorded Music market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are EMI Group Ltd., SME Inc., UMG Inc., and WMG Corp.
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