Music in the Cloud
The cloud has changed the way we purchase and listen to music; did you know that while back in 2000 93 percent of music revenue comes from CDs, in 2010 CD music revenues only account for 49 percent while digital music revenue grabs 40 percent of total music revenue?
The digital music market size is huge – $7 billion are spent annually on online music purchases, mainly driven by big players, such as Amazon Cloud Drive, iTunes Match, Google Music and Spotify. Compare that figure to 2004′s 420 million.
This infographic shows the move of music industry to the cloud with the ever-growing digital music market:
Via Rackspace blog
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