Analysys International Says China's Wireless Music Market to Reach RMB 13.5 Billion by 2008
Analysys International Says China's Wireless Music Market to Reach RMB 13.5 Billion by 2008
BEIJING, April 10 /Xinhua-PRNewswire/ -- Analysys International, a leading Internet based provider of business information about technology, media and telecom (TMT) industries in China, says revenues from wireless music, including CRBT, IVR, stream media and music related WAP/MMS services, will reach RMB 13.5 billion in China by 2008. Wireless music subscribers will reach 114 million in 2008, accounting for 20% of total mobile phone subscribers in China by then.
According to Analysys International, China's wireless music market size reached RMB 176 million in 2003 and increased to RMB 7.19 billion in 2005, with compound annual growth rate (CAGR) of 539%. Analysys International says, in the wireless music market in China, Color Ring Back Tone (CRBT) service grew the fastest from 2003 to 2005, reaching CAGR of 1421%; music related WAP/MMS market size grew at 347% CAGR; IVR music-on-demand service market grew by CAGR of 376%.
Figure: China Wireless Music Industry Development Trend 2005-2008 http://english.analysys.com.cn/UserFiles/watered/1672.jpg
After rapid growth in the past three years, Ring tones, music downloading and CRBT services have entered a stable development stage. Although the IVR music-on-demand service is in a market adjustment stage due to operators' regulatory policies, the market is expecting to enter stable development in 2006. Stream media service is in a rapid market initiation stage.
''We forecast the wireless music industry in China will maintain stable growth in the following three years with CAGR of 27%'', said Edward Yu, CEO of Analysys International, ''Wireless music revenues will reach RMB 13.5 billion in China by 2008. Wireless music subscribers will reach 114 million in 2008, accounting for 20% of total mobile phone subscribers in China by then.''
Analysys International says high mobile terminal popularity rate, increasing user demands, industrial chain promotions, and technology and product mix improvement are the momentum driving wireless music market development in China.
About Analysys International
Analysys International is the leading Internet based provider of business information about technology, media and telecom (TMT) industries in China with the mission to help their clients make better business decisions. They provide data, information and advice to 50,000 clients worldwide, representing 1,500 distinct organizations; they also deliver over 150 consulting engagements a year, and hold more than 20 events that draw in over 8,000 attendees. Their clients include executives from companies like technology vendors, vertical information technology users, as well as professionals from professional service companies, the investment community and government agencies. For more information, please visit the website at http://english.analysys.com.cn/.
For more information, please contact:
Jessica Wang
Overseas Media Manager
Analysys International
Tel: +86-10-6466-6565 x394
Fax: +86-10-6466-7102/7103
Email: jessica_wang@analysys.com.cn
Source: Analysys International
CONTACT: Jessica Wang, Overseas Media Manager of Analysys International,
+86-10-6466-6565 x394 or fax +86-10-6466-7102/7103,
jessica_wang@analysys.com.cn
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