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Market Overview of Global Internet Radio market:
According to our latest research, the global Internet Radio market looks promising in the next 5 years. As of 2022, the global Internet Radio market was estimated at USD 13066.7 million, and it's anticipated to reach USD 25815.12 million in 2028, with a CAGR of 12.02% during the forecast years.
People's attention to COVID-19 is very high, thus increasing the listening frequency of Internet radio
The COVID-19 epidemic has affected the international community on an unprecedented scale, and everyone's life has been affected by the COVID-19 epidemic. Therefore, during the COVID-19 outbreak, most people were forced to stay at home. This is a period of anxiety and stress, so people are very concerned about the progress of global epidemics. More people started listening to Internet radio at home to get real-time news about COVID-19, and the frequency of listening became more frequent. Some listeners reported that listening to their Internet radio programs during the COVID-19 outbreak helped them understand important local information, help them understand the available local resources, help them feel connected to the community, and reduce stress and anxiety. And Internet radio programs related to music also help people relax and spend time at home.
The accuracy of Internet radio information is concerned by more users
During the outbreak of COVID-19, some people may pay too much attention to relevant news about COVID-19 because of panic about the disease. But the information from the Internet is not necessarily completely accurate, and sometimes it can cause unnecessary panic anxiety, especially for children and the elderly. At this time, the accuracy of the Internet radio platform's information about COVID-19 has become more important. Although sometimes false news will attract many people's attention in the short term, accurate and objective news in the long run can attract more users to listen to.
Radio advertising has a lower influence
Advertising is an important way for Internet radio platform profit gain. However, there are some restrictions on radio advertising. On the one hand, broadcasting is an audible media, audible information is fleeting, and advertisements are likely to be missed or forgotten. And most Internet radio users' listening is done in multitasking, and many listeners regard the broadcast as a pleasant background and do not listen to its content seriously. On the other hand, radio advertising lacks vision. Sound limitations can hinder creativity. Products that must be displayed or viewed are not suitable for broadcast advertising. These factors limit the profitability of Internet radio platforms.
The rapid development of Internet technology is changing people's habits
At present, emerging Internet-based media is developing at an alarming rate, accelerating the introduction of Internet radio technology and applications. At the same time, with the broadband network, multimedia broadcasting, and other audiovisual new media services such as AR / VR, the development momentum is strong, and consumers' consumption habits and lifestyles are changing. Due to the convenience and interactivity of Internet radio, many traditional broadcast users have begun to use Internet radio.
Growth of Internet of Things (IoT) devices
In recent years, the number of IoT device connections has grown strongly. Including computers, tablets, smartphones, and wearable devices, entertainment electronic devices, household appliances, vehicles, and industrial machinery, the number of connected devices has exploded. This brings new opportunities to the Internet radio industry. The expansion of the broadcast platform allows users to listen to Internet radio programs in more places.
Region Overview:
North America dominated the Internet Radio market in 2022, with a market share of 55.02%.
Company Overview:
SiriusXM is one of the major players operating in the Internet Radio market, holding a share of 20.71% in 2023.
SiriusXM
Sirius XM Holdings Inc. is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription- and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S.
Spotify
Spotify Limited provides online digital music services. The company provides users with access to a catalog of licensed music, as well as on-demand access to songs on devices, computers, mobile phones, tablets and home entertainment systems.
Segmentation Overview:
As for product types, the Music Radio segment held the largest market share in 2022.
Spoken Radio
Spoken Radio usually includes forms such as character interviews, news comments, and special presentations. Most programs are regularly hosted by one person, and often interviewed by many different guests.
Music Radio
Music Radio takes music as the main broadcast content. The music program host provides accompanying music appreciation, disseminates music information, guides the audience's music appreciation taste, and even influences the popular trend of music.
Application Overview:
The market's largest segment by application is the segment Mobile, with a market share of 72.58% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Internet Radio market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Internet Radio Market Report:
Market Size Estimates: Internet Radio market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Internet Radio market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Internet Radio market
Segment Market Analysis: Internet Radio market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Internet Radio market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Internet Radio Market: Revenue and sales volume of major countries in each region
Internet Radio Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Internet Radio market in major regions.
Internet Radio Industry Value Chain: Internet Radio market raw materials & suppliers, manufacturing process, distributors, downstream customers
Internet Radio Industry News, Policies & Regulations
Key players in the global Internet Radio market are covered in Chapter 12:
iHeartMedia
Spotify
TuneIn
Univision
Apple Music
SWR3 Livestream
France Inter
Entercom
CUMULUS MEDIA
1LIVE
RMC
Tencent Music
Beasley Media Group
Deezer
SiriusXM
Antenne Bayern
In Chapter 2 and Chapter 15.1, based on types, the Internet Radio market from 2018 to 2028 is primarily split into:
Spoken Radio
Music Radio
In Chapter 3 and Chapter 15.2, based on applications, the Internet Radio market from 2018 to 2028 covers:
Mobile
Desktop
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Internet Radio market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028