About Internet Radio
Internet radio is an audio service that may be accessed using a web browser or a media player over the internet. It offers continuous audio streaming with the option to pause or replay once the music has finished. Because it is accessed via the internet, the signal intensity is far stronger than that of traditional radios. The high-speed internet connection allows for more dependable and faster signal transmission, resulting in faultless high-quality recordings.The global internet radio market is being boosted by the increasing penetration of smartphones with 4G/5G connections. The internet radio market is being driven by technological advantages such as increasing bandwidth, high internet speed, and the ability to store massive amounts of data. The falling cost of internet bandwidth and the lower cost of streaming are two reasons driving the internet radio sector forward.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Internet Radio market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
lacker Radio (United States), Sonos (United States), CBS Corporation (United States), Citadel Broadcasting (United States), Tunein(United States), Chrysalis Group (United Kingdom), Napster (United States), Spotify (Sweden), Pandora Media, Inc (United States) and Aspiro AB (Norway) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ocean Digital (United States) and Somafm (United States).
Segmentation Overview
AMA Research has segmented the market of Global Internet Radio market by , Application (Live and Audio-on-demand) and Region.
On the basis of geography, the market of Internet Radio has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Audio Format, the sub-segment i.e. MP3 will boost the Internet Radio market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Music Artists/ DJs will boost the Internet Radio market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. IOS will boost the Internet Radio market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Social Media Integration with These Platforms
Market Growth Drivers:
The Growing Penetration of Smartphones with Internet Access and The Declining Cost of Internet Bandwidth and Reduced Cost of Streaming
Challenges:
Increasing Number of Digital Platforms Constantly Replacing Internet Radio
Restraints:
Preference of Video Streaming Over Audio Streaming
Opportunities:
Technological Advantages like Increased Bandwidth, High Internet Speed and Storing Large Amount of Data
Market Leaders and their expansionary development strategies
June 2021 – Spotify recently announced that it has acquired Podz, a startup whose technology generates preview clips of podcasts. This acquisition is aimed at improving podcast discovery and letting users browse short clips rather than 30-minute plus podcast episodes.
October 2020 – Spotify Launches New Audio Experience Combining Music and Talk Content, and April 2020 – Sonos launches its own streaming radio service. Sonos Radio is a new, free-to-use streaming service that’s being introduced as part of a software update rolling out worldwide.
Key Target Audience
Technology Provider, Software Provider, IT Companies, Radio Companies, Advertising Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.