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CDs Beat MP3s for Music On the Go
Parks Associates releases data showing even digital-music buffs prefer to
use CDs
Despite the popularity of portable digital music
formats, compact discs (CDs) will persist, according to Parks Associates’
Digital Music: Market, Consumers, and Services, which found that only
20% of digital-music users own an MP3 player. Furthermore, only 8% are
planning on purchasing such a device within the next 12 months, indicating
that consumers still have affinity for the CD format.
“The CD is being replaced as a distribution method, not
a format,” said John
Barrett, a research analyst at Parks Associates. “Digital music users
are taking their tracks, burning them onto CDs, and then playing the CDs on
their stereos.”
Barrett noted that while nearly one-half of all
digital-music users store less than 50 tracks on their PC, 80% own a CD
burner. CDs, he predicted, would be around for quite some time. “We’re going
to see a gradual transition to an all-digital format. Digital media adapters
(devices that connect PCs to stereos) are too expensive and legacy stereos
too numerous for everyone to just suddenly switch within a few years. Plus,
how many cars have a hard-drive?”
The survey, conducted for the upcoming report
Digital Music: Market, Consumers, and Services, sampled 1,005 households
on their digital music habits. For additional information about Parks
Associates’ Digital Music: Market, Consumers, and Services or digital
music, please contact
sales@parksassociates.com or call 972-490-1113.
About Parks Associates: Parks Associates is an
internationally recognized market research and consulting company specializing
in emerging consumer technology products and services. Founded in 1986, Parks
Associates creates research capital for companies ranging from Fortune 500 to
small start-ups through market reports, primary studies, consumer research,
custom research, workshops, executive conferences, and annual service
subscriptions.
The company's expertise includes new media, digital
entertainment and gaming, home networks, Internet and television services,
digital health, mobile applications and services, consumer electronics, and home
control systems and security.
Each year, Parks Associates hosts executive thought
leadership conferences CONNECTIONS™, in
partnership with the Consumer Electronics Association (CEA®), and CONNECTIONS™ Europe. In addition, Parks
Associates produces the online publication Industry Insights in
conjunction with the CONNECTIONS™ Conference series.
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