Nokia expects digital music to account for half of world's music market in 2010

The production value of digital music is likely to grow sharply, to account for half of the world's entire music market in 2010 if Nokia's recently launched 'Comes With Music' business mode proves successful, representatives from Nokia said recently at a presentation event in Singapore.

Citing internal estimates, the production value of digital music accounted for a mere 2% of the world's entire music market in 2004. The ratio is expected to expand sharply to 20% worldwide and even 30% in Asia, in 2008, the sources indicated.

Already having sold over 300 million music handsets worldwide, and with over three million licensed songs available in its catalog, Nokia aims to become the leading vendor in the music service market through its 'Comes With Music' download service.


Nokia presents 'Comes With Music' download service in Singapore