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TechNavio's analysts forecast the Global Digital Recording Music market to grow at a CAGR of 12.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in initiatives to curb piracy. The Global Digital Recording Music market has also been witnessing an increase in the adoption of cloud services. However, the decrease in consumer spending could pose a challenge to the growth of this market.
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