Digital music sales have been steadily increasing since the early 2000s, when Apple completely changed the digital distribution market with the iTunes Store. Since 2012, digital has outstripped music sales on physical support, but the popularization of streaming services over the past few years seems to have stopped this growth. In fact, sales of digital music have fallen so much that CDs and vinyls are now more popular.
According to the Recording Industry Association of America (RIAA), in the top of music revenue, digital music sales are now the last, despite the fact that physical music is also on a downward trend. Only in 2017, the purchased digital music market dropped 25%, with US $ 1.3 billion in revenue. Physical music had a much lower decrease, 4 percent versus 2016, and a total of $ 1.5 billion.
Under these conditions, the digital music market accounts for 15% of the market, while physical music is 17%. Almost two-thirds of the US music market is streaming. In recent years, we have witnessed an increase in the popularity of vinyls, which is now the most promising physical format on the market, recording a 10% increase in 2017.
In the streaming market premium services are on the rise, services such as Amazon Prime Music and Pandora Plus account for 14% of the market