Global digital music revenues grew 8 percent last year to USD 2.5 billion, according to the annual report from the International Federation of Phonographic Industries. Expansion by services such as Deezer, Spotify and iTunes means that major international digital music services are now present in 58 countries, compared to only 23 at the start of 2011. The IFPI estimates that some 13.4 million people subscribe to a digital music service, up 65 percent from 2010. In downloads, single-track purchases were up 11 percent last year and album downloads rose by 24 percent. In the US, the world's largest music market, digital channels have overtaken physical formats to become the primary source of revenues for record companies. Globally, 32 percent of music industry revenues come from digital sources.
