The United Kingdom (UK) music & video market is expected to continue to decline as piracy remains an issue and prices are driven down by intense price competition. As the demand for physical product continues to drop, digital sales are growing and provide a channel for future growth.
Features and benefits
- Discover our comprehensive analysis of the key issues set to impact the music & video market over the next five years
- Market sizing and growth rates over a 15 year period broken down by music and video.
The music market remains in freefall, with no sign of a return to growth on the horizon. Piracy remains a big issue despite efforts to steer consumers towards paid downloading and the prospect of legislation to push Internet Service Providers into banning individuals suspected of being involved in piracy.
With consumers cutting back on impulse purchasing the video market has been in decline since 2008. With shoppers budgeting tightly, the sector has lost out to growth of alternative interests, such as video games and social networks.
Your key questions answered
- How is the music & video market changing and what do I need to do to change with it?
- Where are the opportunities for growth in this tough market?