Gartner: Online music sales to grow 7% in 2011

11/9/2011 | Reuters

Gartner estimates that worldwide sales of music through online transactions will grow to $6.3 billion this year, a 7% increase over 2010's $5.9 billion. The market research firm forecasts that online music sales will increase to $7.7 billion a year by 2015, reflecting the growth of iTunes and Spotify, while sales of CDs and other physical formats for music will decline from $15 billion in 2010 to $10 billion in 2015.

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