AfterDawn: Tech news

Digital audio player market to boom

Written by Petteri Pyyny (Google+) @ 13 Jun 2003 15:09

According to a market research by IDC, the worldwide market for (compressed) digital audio players (or as they're better-known, "MP3 players") might become one of the most successful areas for personal technology during the next couple of years.
IDC predicts that such market for MP3 players will be worth a whopping $44 billion by 2007. The figure seems awfully high, but it seems that IDC has included every single stand-alone device type in the world (excluding PCs, etc) that can play compressed audio formats, such as most modern DVD players.

Anyway, the prediction begs to ask what will happen to CDs if consumers have seriously adopted truly digital audio (CD contains digital audio as well, but is associated to the physical plastic product as well) and consider it to be their number one choice when planning to buy a new audio equipment.


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