Internet Radio Market Scenario:
Internet radio refers to web-based audio service that is transmitted through the internet. Market Research Future (MRFR) has published and released a research report about the global internet radio market that speculates proliferation for this market at 18% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of value, the market has been expected to be worth the USD 4 bn by the end of the forecast period.
Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
The key factors driving the growth of global Internet Radio Market include the decreasing cost of streaming, collecting, storing a large amount of data and an increase in growth of powerful tools is driving the internet radio market. Other factors include the arrival of new players in the music streaming service market and feasibility of wifi connectivity in home and offices. Big players in the music streaming industry are also entering the business of internet radio, acquiring the niche music streaming players which enhancing the market growth.
Major Key Players:
- CBS Corporation (U.S.)
- Citadel Broadcasting (U.S.)
- Chrysalis Group (U.K.)
- Spotify (Sweden)
- Aspiro AB (Norway)
- Pandora Media, Inc (U.S.)
- Napster (U.S.)
- Tunein (U.S.)
- Somafm (U.S.)
- Slacker Radio (U.S.)
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Regional Analysis:
The regional analysis of internet radio market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is one of the leading player in the internet radio market owing to major internet radio service providers present in the region followed by Europe.
Asia-Pacific region is fastest growing region in the internet radio market owing to increased internet usage in residential and commercial sector and emergence of major players from the region in the music streaming industry.
Segments:
The global internet radio market has been segmented on the basis of advertiser type, audio formats, device support, software media player, and lastly, region. By the advertiser type, this market has been segmented into automotive, computers & software, consumer electronics, financial services, food products, hotels & restaurants, insurance, media & entertainment, rental services, retail stores, travel airlines, and others.
Based on audio formats, the market has been segmented into AAC Plus, MP3, OGG, RA, and WMA. On the basis of device support, the market has been segmented into Android, iOS, and Windows. As per software media player, the market has been segmented into iTunes, Winamp, Windows Media Player, Spider Player, and others.
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued….
List of Tables
Table 1 Internet Radio Market, By Software Media Player
Table 2 Internet Radio Market, By Audio Formats
Table 3 Internet Radio Market, By Device Support
Continued….
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List of Figures
Figure 1 Research Type
Figure 2 Internet Radio Market: By Software Media Player (%)
Figure 3 Internet Radio Market: By Audio Formats (%)
Continued….
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