Tuesday, September 21, 2004
IDC Says MP3 Market Is Booming
Posted by Kent Pribbernow in "NEWS" @ 07:00 AM
"Compressed audio players – also known as MP3 players – are coming into the mainstream as portable flash player prices fall and capacities rise, the iPod mini and other small form factor portable jukeboxes come to market, and more and more devices, including DVD players and gaming devices, support compressed audio as a secondary feature," says Susan Kevorkian, senior analyst, Consumer Markets. "New opportunities abound for chip vendors, device manufacturers and paid music service providers to guide mainstream music consumers into this rapidly evolving market."
The report goes on to say that the MP3 player market is expected to grow to $58 Billion by 2008. A sustained annual growth rate of 20%. Not bad for a market that virtually didn't exist just a few years ago.
The report goes on to say that the MP3 player market is expected to grow to $58 Billion by 2008. A sustained annual growth rate of 20%. Not bad for a market that virtually didn't exist just a few years ago.
