Internet Radio Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market researchreport, Internet Radio is defined as the use of internet services like broadband or Wi-Fi to access the radio as an alternative to a traditional radio. In place of aerial used by a traditional radio, Internet radio receives radio access directly on your device. Internet Radio can also be accessed by connecting a physical radio device with internet using an ethernet cable. Internet radio, unlike a traditional radio, is not limited to the locally available stations but can access almost all the stations available world-wide. In addition, some radio stations also provide access to radio shows form past weeks, so missing a show is not a hassle.
Internet Radio Market Growth and Trends
Internet Radio Market Regional Analysis
Penetrating the 4G/5G network, reduced cost of streaming, and big data storage capacity is expected to drive the global internet radio market. The Asia Pacific region is the fastest-growing market with the changing economy of countries and the rising proliferation of internet connections at homes, commercial buildings, and corporate sectors.
Europe is the second most fast pacing market with increased user application of internet radio like media & entertainment, computer & software, and travel & airlines. Also, the North American market accounts to hold a major share in the market owing to the growing feasibility of Wi-Fi at home and offices in the region.
The Middle East and Africa are presumed to prevail with sustainable growth in the market with the rapid evolution of connected cars and autonomous vehicles due to the increasing adoption of internet radio.
Internet Radio Market Share and Competition
Key companies operating in this industry are: Grace Digital, Aluratek, Sangean, Sungale, Divoom, Ocean Digital, TuneIn Radio, iHeart Radio and Sirius XM.
Internet Radio Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Streaming Radio
• Online Radio
Application Analysis (Revenue, USD Million, 2020 - 2027)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Internet Radio Market Companies
• Grace Digital
• Ocean Digital
• TuneIn Radio
• iHeart Radio
• Sirius XM
United States Internet Radio Market Research Report
Europe Internet Radio Market Research Report
Asia Pacific Internet Radio Market Research Report
India Internet Radio Market Research Report