What Part Of The U.S Is Country Music Most Popular Global Ringtone Market

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Global Ringtone Market

According to estimates, the global ringtone market is only developing at 5.2 billion dollars on an annual basis, compared to what it showed in 2006, more than 10% of 32.3 billion dollars worldwide. Market analysts have discovered a crazy trend growing among consumers looking for music entertainment for their mobile devices, along with many ringtone artists becoming more and more fancy for mobile users.

Many websites display Top Ten ringtones on their portals along with various popular works of international song artists that can be well used as ringtones. The Crazy Frog ringtone was the first ringtone to appear on the mobile phone market, and also came out as a winner in the British pop charts.

The music industry is celebrating its increasing market value due to the growing popularity and craze among the youth. According to industry sources, the contribution of the hip-hop fraternity alone accounts for more than half of all ringtones downloaded worldwide. Many artists including 50 Cent, Red Hot Chili Peppers, Mariah Carey and many more are quite good at composing ringtones of their popular numbers. According to professionals and market experts, ringtones will overtake the music industry in terms of the former’s ever-increasing sales, as royalties collected through mobile phone ringtones will surpass CD sales and be the main source of income for music companies worldwide. .

Not only that, even manufacturers are in the trend of releasing sleeker models with modern operating systems that can play ringtones in almost all formats available for free for the mobile freaks. People, who have been using polyphonic hip-hop tunes till date, are now ready to make room for lovers of country music, pop music, rock songs, Hollywood/Bollywood hits and other genres.

However, the recent issue of piracy has troubled the industry to a great extent, with recurring disputes between songwriters and film producers over royalties. Songwriters only get a one-time payment for their tunes and also won’t receive much praise in the future for their work.

After SMS, ringtones are the second most popular data service with revenues of approximately $4.95 billion. While monophonic and polyphonic ringtones failed to contribute much to the sales revenue, 3G ringtones emerged as winners in the music ringtone industry. Basically, ringtones are more in demand to personalize it on one’s mobile device, which also provides a unique identity to the mobile user compared to an original music track. The latest evolution in ringtones has been video ringtones that actually enhance the idea of ​​personalization with visual images and audio tracks.

Jamba and its Crazy Frog ringtone successfully dominate the ringtone market, without making much difference to the mobile operators who could otherwise earn a lot of revenue from these ringtones. However, key players such as record companies and television studios will not repeat this mistake again and use these services with the increasing competition for revenue generation.

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