Market Overview:
The global internet radio market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing penetration of smartphones and other connected devices, rising demand for audio content, and growing popularity of online streaming services. The global internet radio market can be segmented on the basis of type into subscription service and ad-supported radio service. The subscription service segment is expected to account for a larger share of the market in terms of revenue during the forecast period. This can be attributed to the growing preference for paid streaming services among consumers as they offer better quality content than free services. On the basis of application, the global internet radio market can be divided into live and audio-on-demand segments. The live segment is expected to account for a larger share of revenue in 2018 owing to higher consumer engagement with this type of content as compared to audio-on-demand content which generally requires users’ active participation such as selecting songs or programs they want listen too).
Product Definition:
Internet Radio is a digital audio service that allows users to access radio stations over the Internet. It has become an important source of music, news, and information for millions of people.
Subscription Service:
Subscription service is a model under which the end-users are bound to pay a periodic fee for using a product or service. In case of subscription services, the consumer pays either on an annual basis or monthly basis depending upon the type of plan he has chosen. The major benefit associated with this model is that consumers do not have to spend money continuously in order to use the product.
Subscription services have been around for decades and were primarily used by magazines.
Ad-Supported Radio Service:
Ad-supported radio service is a type of content delivery system (CDS) that allows broadcasters to offer their content without the need for a paid subscription. The ads are played in between the tracks or during breaks in radio shows. This helps them to generate revenue from advertisements and also enables them to offer their services for free, thereby increasing its popularity among listeners.
Application Insights:
Audio-on-demand segment held the largest market share of more than 60.0% in 2017. This is attributed to the growing use of internet radio for listening to audio programs from remote locations without being connected to a network. The users can access the audio content directly through their computers, smartphones or tablets by using an application that streams radio stations over the internet. Moreover, many online radios offer live streaming services which enable listeners to listen to radio programs as they broadcast them with no scheduled breaks between songs or segments. Ad-supported service is expected register significant growth during forecast years due largely on free availability of advertisement supported services across all platforms and devices globally without any restrictions whatsoever (other than geographical location).
Subscription based internet radiostations are anticipated witness considerable growth over forecast period owing largely on increasing adoption rate among millennials.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of online radio listeners, coupled with high disposable income and adoption rate for advanced technologies among users. Moreover, increasing investments by industry players are expected to drive regional growth over the forecast period. For instance, Sirius XM Radio Inc., launched an all-new design for its app that allows users to listen live music channels based on their favorite genres as well as add stations manually or via search queries.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising internet penetration rates and growing smartphone adoption rates in emerging countries such as India and China. Furthermore, favorable government initiatives aimed at promoting digitalization are also likely boost regional demand during the forecast period from 2018 till 2030 (forecast).
Growth Factors:
- Increasing penetration of smartphones and other connected devices
- Rapid growth in streaming audio services such as Spotify and Apple Music
- Proliferation of smart speakers, including Amazon Echo and Google Home
- Advances in artificial intelligence and voice recognition technology
- Emergence of new formats such as live radio streaming
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet Radio Market Research Report
By Type
Subscription Service, Ad-Supported Radio Service
By Application
Live, Audio-on-demand
By Companies
Apple Music, Amazon Music, Tencent Music, Pandora, IHeartRadio, TuneIn, LiveXLive Media, Digitally Imported, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Internet Radio Market Report Segments:
The global Internet Radio market is segmented on the basis of:
Types
Subscription Service, Ad-Supported Radio Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Live, Audio-on-demand
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple Music
- Amazon Music
- Tencent Music
- Pandora
- IHeartRadio
- TuneIn
- LiveXLive Media
- Digitally Imported, Inc.
Highlights of The Internet Radio Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Subscription Service
- Ad-Supported Radio Service
- By Application:
- Live
- Audio-on-demand
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet Radio Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Internet radio is a type of online streaming service that delivers audio content over the Internet. It allows users to listen to radio stations from around the world without having to install software on their computer.
Some of the key players operating in the internet radio market are Apple Music, Amazon Music, Tencent Music, Pandora, IHeartRadio, TuneIn, LiveXLive Media, Digitally Imported, Inc..
The internet radio market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet Radio Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet Radio Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet Radio Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet Radio Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet Radio Market Size & Forecast, 2020-2028
4.5.1 Internet Radio Market Size and Y-o-Y Growth
4.5.2 Internet Radio Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Subscription Service
5.2.2 Ad-Supported Radio Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Live
6.2.2 Audio-on-demand
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet Radio Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet Radio Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Subscription Service
9.6.2 Ad-Supported Radio Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Live
9.10.2 Audio-on-demand
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Subscription Service
10.6.2 Ad-Supported Radio Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Live
10.10.2 Audio-on-demand
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Subscription Service
11.6.2 Ad-Supported Radio Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Live
11.10.2 Audio-on-demand
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Subscription Service
12.6.2 Ad-Supported Radio Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Live
12.10.2 Audio-on-demand
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Subscription Service
13.6.2 Ad-Supported Radio Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Live
13.10.2 Audio-on-demand
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet Radio Market: Competitive Dashboard
14.2 Global Internet Radio Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple Music
14.3.2 Amazon Music
14.3.3 Tencent Music
14.3.4 Pandora
14.3.5 IHeartRadio
14.3.6 TuneIn
14.3.7 LiveXLive Media
14.3.8 Digitally Imported, Inc.
