Internet Radio Market Scope
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.
The Internet Radio market study is segmented, by Application (Live and Audio-on-demand) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Internet Radio market throughout the predicted period.
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 are Ocean Digital (United States) and Somafm (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Internet Radio market by Type, Application 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).
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.
- Social Media Integration with These Platforms
- The Growing Penetration of Smartphones with Internet Access
- The Declining Cost of Internet Bandwidth and Reduced Cost of Streaming
- Technological Advantages like Increased Bandwidth, High Internet Speed and Storing Large Amount of Data
- Preference of Video Streaming Over Audio Streaming
- Increasing Number of Digital Platforms Constantly Replacing Internet Radio
Key Target AudienceTechnology Provider, Software Provider, IT Companies, Radio Companies, Advertising Companies and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Internet Radio Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.