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Ringtones the Multibillion Dollar Business


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Mobile ringtone market has a major share in today's music industry. Once looked as a passing vogue mobile ringtones now share more than 10% of the global music market and CD sales will be engulfed sooner than expected.

Hardly any one believed that the monophonic ringtones of 1990s would unfold into a multi-billion-dollar market that is in existence today. But, as we look at the onset of true polyphonic ringtones in 2003, recognition of their potential has developed new propulsion.

Music industry tried to ignore the ringtone market, unable to do so it cuddled down with it looking at its future and the influence on youth culture. This holds true for the hip-hop industry, which outputs more than half of the downloaded ringtones.

Many successful artists like Mariah Carey and Kanye have realized that ringtones are not a niche market. Complete customization of the mobile phones with ringtones, wallpapers, screensavers, logos, picture messages and games is the key to success.

This complete customization has instilled a great demand in the market with number of catalogues of music and themes, which are available on both monophonic and polyphonic phones.

There are more markets to be explored and conquer, with the music loving Latin Americans contributing in the next big development area.

Eventually, the future of the ringtone market depends on the proficiency of the major phone manufacturers, to gel together the latest technology with good compatibility, which is a very important issue in this truly global industry.

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