Mobile Music Forecasts

EE Times:

Global spending on mobile music from ring tones to full-track downloads is expected to reach $32.2 billion by 2010, with consumers in the Asia-Pacific region and Japan leading the market, a researcher said Tuesday.

Spending on music for handsets is forecast to increase by nearly two and a half times this year’s predicted $13.7 billion, Gartner said in its global outlook for the mobile music market. The growth will occur despite competition from digital music players, and a host of challenges faced by telecommunications carriers in delivering these services.

Ring tones today are the second most popular mobile data service, with text messaging No. 1 in terms of use and revenue, Gartner said.