TechNavio today launched its report, Global Digital Recording Music Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s IT Services team said: ”One of the major trends is an increase in the adoption of cloud services. Cloud computing is paving the way to access music online legally and is rapidly being adopted by companies since it adds value in terms of music portability; enabling subscribed users to listen to music stored in remote servers irrespective of the devices they use. Initially, listening to music was a devise-based approach, where devices such as iPods were utilized; but in the current scenario consumers are switching to an access-based approach, which consists of subscribing to digital music libraries stored in the cloud.”
According to the report, one of the major drivers is the increase in initiatives to curb piracy. Due to the high rates of piracy, the Global Digital Recording Music market is losing out on a significant portion of revenue. Hence, various initiatives are being taken to curb piracy rates in order to provide growth momentum to the market.
Further, the report reveals that persisting piracy concerns is a major hesitation for the growth of this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-digital-recording-music-market-2…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our IT Services market research, please visit https://www.technavio.com/it-services
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TechNavio Announces the Publication of its Research Report – Global Digital Recording Music Market 2012-2016
