Music labels may face slowdown in music download sales as big technology players are reportedly preparing to launch their respective new music services.

According to a report published in the Financial Times (FT), Apple, Google and Spotify are all set to roll out their respective new music services in recent future.

Apple's new service will let users to back up music online, and then play it on Apple's any iOS-based device. In nature, this service is similar to Lala that was acquired by Apple in 2009.

The paper claims that web search giant Google could also launch its music locker service to allow users back up their favorite songs and stream them to Android-based devices. In addition, the company has plans to roll out a download service by March this year.

The Financial Times also claims that well-known music service Spotify has received considerable funds from Kleiner Perkins and DST for launching its music subscription service in the United States.

Smaller digital music services such as MOG and Rdio are worried that entry of big players will hurt hit their customer bases and revenues very hard.