Globally, digital accounted for 39% of recorded music sales in 2013
According to IFPI’s Digital Music Report 2014, global digital music revenues grew by 4.3% in 2013 to reach $5.9 million. Digital sales now account for 39% of total industry global revenues.
Geographically, the world music market is highly diverse with markets growing favouring different consumption models. For instance, in terms of preferences for service types, in Germany, UK and US, downloads are more popular. In France, Italy and Sweden streaming is the favoured model.
On a global scale, the digital download model remains a key revenue stream accounting for 67% of digital music revenues in 2013.
However, the subscription model surged 51.3% in 2013 exceeding $1 billion for the first time. The share of the subscription model as a percentage of digital revenues globally is growing year by year. The industry now derives 19% of its digital revenues from subscription service, up from 6% in 2008.
For more information, you can download the complete report here.