February 26, 2008

World Music Recording Market to Reach US$40.8 Billion by 2010

World Music Recording market is forecast to post a modest CAGR of 0.94% over the 2000-2010 analysis period and reach in excess of US$40.8 billion by 2010. The US, with a share estimated at 36.92% in 2006, forms the largest Music Recording market worldwide, while Asia-Pacific, with a CAGR of 1.93% over the aforementioned period, is expected to emerge as the fastest growing region. (PR)