27 March 2006
Music, film and ebook downloads will cost UK consumers a collective £1.7 billion a year, by the end of this decade, reveals new research.
Expenditure on downloads is even set to account for as much as ten per cent of online spending in the UK by 2010.
The predictions have been made by the online payments system PayPal which sees mobile and music industries as the biggest area for growth in the digital download market.
It also predicts, however, that downloads of films and games will experience high levels of growth over the next four years.
The demand for e-books is also beginning to attract fans,and could be set to develop further.
The company also predicts total consumer spending on online music downloads will reach £379 million by 2010.
Carl-Olav Sheible from PayPal sees CD use almost consigned to the past by the end of the decade as more and more people store their music digitally.
"It will also be interesting to see what the mobile players and established online content portals do in the music arena - driving greater mass-market take-up of digital music downloads," he added.
© Adfero LtdKeep up to date with industry and Nomensa news by signing up to Nomensa newsletters.
