10.5% growth in internet radio market by 2023-2029

Pune, February 02, 2023 (GLOBE NEWSWIRE) — Internet radio market Report Analysis Benefits to shape the competition within the companies and guidelines for the competitive landscape to improve the possible revenues. The report assesses the key opportunities in the market and plans the factors that drive and will drive the progress of the industry. Taking into account previous growth patterns, growth drivers, and both existing and upcoming trends, we also estimate the overall performance of the global Internet Radio market during the forecast period.

In short, the Internet Radio market report is helpful for industry players, investors, consultants, business strategists, researchers and anyone with any interest or planning to venture into the Internet Radio market in any way.

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Internet radio (also web radio, network radio, streaming radio, e-radio, IP radio and online radio) is a digital audio service that is transmitted over the Internet. Internet broadcasting is commonly referred to as webcasting because it is not widely transmitted over the air. It can be used either as a standalone device running over the internet or as software running through a single computer. The global Internet radio market size is projected to grow from US$32950 million in 2022 to US$66180 million in 2029; It is expected to grow at a CAGR of 10.5% from 2023 to 2029.

Internet Radio Market Segmentation: –

Market segments help decision makers guide product, sales, and marketing strategies and can drive your product development cycles by providing information on how to make product offerings for different segments.

Segment by type

  • subscription
  • Advertising Supported Radio Service

Segment by application

The main types of internet radio have subscription service and ad-supported radio service. On the basis of the types, the subscription service is forecast to account for the largest revenue share during the forecast period; It is estimated that this segment accounted for 57.88% share in 2019.

Market Segment by Region/Country including: –

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

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Major Players in Internet Radio Market:-

  • apple music
  • Amazon Music
  • Tencent music
  • Pandora
  • I listened to the radio
  • Turn on
  • LiveXLive media
  • Digitally Imported, Inc.

Of the main players in internet radio, Spotify maintained its first place in the ranking in 2019. Spotify accounted for 27.63% of the global Internet radio revenue market share in 2019. Other players accounted for 21.39%, 15%, 8.68%, including Apple Music, Amazon Music, Tencent Music. Providers of internet radio on the international market are large specialized companies as well as departments or subsidiaries of large corporations.

Key Benefits of Internet Radio Market Research Report:

  • Types, applications, regions, and key players covered in the study
  • Industry drivers, restraints and opportunities covered in the study
  • Current industry trends and developments
  • Competitive landscape and strategies of key players
  • Historical, current and forecast market size in terms of value
  • In-depth analysis of the internet radio market
  • Sales, price, revenue, market share and growth rate are covered in the report. Sales channels, distributors, traders, dealers, etc. are covered in the report

Obtain Sample Copy of Internet Radio Market Report

Detailed TOC of Global Internet Radio Market Growth 2023-2029

1 Scope of the report

1.1 Market launch

1.2 years considered

1.3 Research Objectives

1.4 Market Research Methodology

1.5 Research Process and Data Source

1.6 Economic Indicators

1.7 Currency Considered

1.8 Market Estimation Caveats

2 Summary

2.1 World market overview

2.1.1 Global Internet Radio Market Size 2018-2029

2.1.2 Internet Radio Market Size CAGR by Region 2018 VS 2022 VS 2029

2.2 Internet Radio Segment by Type

2.2.1 Subscription Service

2.2.2 Advertising Supported Radio Service

2.3 Internet Radio Market Size by Type

2.3.1 Internet Radio Market Size CAGR by Type (2018 VS 2022 VS 2029)

2.3.2 Global Internet Radio Market Size Share by Type (2018-2023)

2.4 Internet Radio Segment by Application

2.4.1 Live

2.4.2 Audio on Demand

2.5 Internet Radio Market Size by Application

2.5.1 Internet Radio Market Size CAGR by Application (2018 VS 2022 VS 2029)

2.5.2 Global Internet Radio Market Size Market Share by Application (2018-2023)

3 Internet radio market size by player

3.1 Internet Radio Market Size Market Share by Players

3.1.1 Global Internet Radio Revenue by Player (2018-2023)

3.1.2 Global Internet Radio Revenue Market Share by Player (2018-2023)

3.2 Global Internet Radio Headquarters Key Players and Products Offered

3.3 Market Concentration Analysis

3.3.1 Analysis of the competitive landscape

3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)

3.4 New Products and Potential Entrants

3.5 Mergers and Acquisitions, Expansion

Sequel follows…

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