According to the industry association IFPI, the international music market is "slowly recovering after years of landslide slumps that have halved the level of sales".
According to the International Federation of the Phonographic Industry (IFPI), global revenue from music sales rose in 2012 for the first time since 1999, driven largely by sustained growth in the digital business segments.
The overall market grew by around 0.3% to 16.5 billion dollars. Overall, global sales of downloads, subscriptions and ad-financed online services increased by 9 percent last year. This means that the digital market currently accounts for 34% of global music sales.
Download sales have increased by 12% overall and now account for 70% of digital sales. The number of music subscribers to premium streaming services has risen by 44% to around 20 million paying customers - global revenues from this segment now account for 10% of digital revenues.
