Not sure it will die out as such, less extinct more a slow-dying breed.
Streaming &/or cloud-based services could well held sway in the mainstream within a few years. It seems to be inexorably heading that way.
I can't quite see CDs or CD players holding the same allure as vinyl and turntables but I'm sure they'll cling on for a few more years, ever marginalised.
Personally, I haven't played a CD for ages, maybe one for my little boys that hadn't been ripped to iTunes, but that's about it. I'll keep the machine as a back up, but for me it's vinyl and streaming all the way.