The music industry has been watching warily as sales continue to dwindle. Now, research firm, eMarketer, predicts that the unfortunate trend will continue. The good news? Online and mobile markets are gaining popularity and are set to grow rapidly. The report, titled ‘Recorded Music: Digital Falls Short', predicts that the mobile music market is expected to jump to $3 billion by the end of this year from $1.7 billion in 2007. With more and more multimedia-capable handsets being released around the world, the figure is poised to grow to reach a staggering $7.3 billion globally in 2011.
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