Global Music Revenue

"The digital music boom is continuing and it is growing at an exciting pace for the music industry," IFPI said.

However, revenue from sales of physical music formats, like CDs, fell 6.3% and the overall market by 1.9%, it said.

That translates to a global drop in the market from £7.6bn to £7.5bn, for all music sales - regardless of format.

DROP IN NON-DIGITAL SALES
US - 5.3% drop in value
Japan - 9.2% drop in value
UK - 4% drop in value
Germany - 5.8% drop in value
France - 2.7% drop in value
Source: IFPI

Meanwhile, IFPI said the surge in digital music sales was being driven by the increased use of broadband, 3G mobile phones and portable music players.