It’s always fun looking at figures to do with music downloads. Although stats can vary from one source to the next, the general consensus is that music downloads and filesharing are dominating how we get out music.
According to stats from the IFPI, digital-music sales grew 40% during 2007, a bit of a slow down after doubling in 2006. Digital-music-download sales, including music downloads bought through iTunes, now account for 15% of the global music market. That figure is up from 10% in 2006.
One thing of note is that the sale of music downloads have, of course, not been enough to offset the decline in CD sales. This has been widely understood for some time now. The global music market has, apparently, declined 14% over the past year.
The most popular format of digital music is single-track downloads, of which there were 1.7 billion in 2007, up 53% from 2006.
IFPI CEO John Kennedy cited piracy and illegal filesharing as still being a problem. According to him, for every one music download bought the proper way, 20 more are downloaded illegally.
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