2021 Internet Radio Market Analysis by Key Players, End Users and CAGR Forecast to 2020-2027

  • Internet radio is commonly referred to as a digital audio service, transmitted over the Internet. Internet radio is also called internet radio, web radio, streaming radio, online radio, IP radio and e-radio.
  • Internet radio is a complete system that includes Internet radio technology (listening, streaming and simulation). Media streaming enables continuous streaming of audio that cannot be paused or replayed after the audio ends.
  • Internet radio is accessible online, for example via a broadband connection. In addition, the Internet radio can also be connected using an Ethernet cable if the radio is located near the router.
  • The global internet radio market is expected to grow at a rapid rate during the forecast period, owing to advancement in technologies across the globe.

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Global Internet Radio Market: Dynamic

Global Internet Radio Market: Main Drivers and Constraints

  • The boom in adoption of 4G / 5G network and the falling cost of streaming are major factors that are likely to accelerate the internet radio market in the coming years.
  • Increasing demand for better streaming more efficiently along with huge data storage capacity across the globe are expected to drive the growth of Internet Radio market during the forecast period.
  • In addition, increased adoption of Internet radio in various industries such as media and entertainment, retail, travel, airlines, hotels and restaurants, and insurance is expected to drive demand for radio. Internet around the world.
  • The increasing feasibility of home and office Wi-Fi is also expected to propel the internet radio market during the forecast period.
  • The growing adoption of internet radio in the automotive industry due to the rapid evolution of connected cars and autonomous vehicles is expected to drive the market.
  • The falling cost of internet bandwidth and the reduced cost of streaming are expected to create new opportunities for the internet radio market during the forecast period.
  • However, the growing number of digital platforms constantly replacing internet radio is the major factor that is expected to hamper the global internet radio market over the next few years.

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Impact of COVID-19 on the Global Internet Radio Market

  • The increase in COVID-19 cases across the world is causing an economic slowdown, as developed countries are heavily affected by this pandemic. Most of the manufacturing or production of goods has been temporarily suspended around the world. Businesses have been affected in most countries due to partial or full foreclosures. This in turn is expected to indirectly hamper the global internet radio market over the next few years. The lack of industrial activity is expected to result in low cash flow, further hampering the financing of projects.

North America to Hold Major Share of Global Internet Radio Market

  • In terms of region, the global Internet radio market can be divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America
  • North America dominated the global internet radio market in 2019. United States is the key market in the region due to the presence of major internet radio service providers.
  • The Asia-Pacific internet radio market is expected to grow at a rapid pace during the forecast period. This can be attributed to the increasing digitization and increased use of the internet in the residential and commercial sectors in countries such as China, Japan and India in the region.

Global Internet Radio Market: Competition Landscape

Several local, regional and global players are active in the Internet radio market with a strong presence. The rapid technological advancements have created significant opportunities in the global internet radio market. Internet radio operators are increasingly focusing on collaboration, mergers and acquisitions with technology partners to develop innovative and advanced solutions to improve their offerings and reach in the market.

The major players operating in the global internet radio market include:

  • Aluratek
  • Deezer
  • Divoom
  • Digital grace
  • iHeart Radio (iHeartMedia, Inc.)
  • Internet Radio Ltd.
  • Digital ocean
  • Pandora
  • Limited phonographic performance
  • Radioplayer
  • Sangéan
  • Shoutcast SPRL
  • Sirius XM
  • Sourcefabric Ventures sro
  • Spacial Audio Solutions LLC
  • Spotify
  • Sungale
  • TuneIn Radio (TuneIn Inc.)

Global Internet Radio Market: Scope of Research

Global Internet Radio Market, By Component

  • Software
    • Broadcast Automation Suite
    • Monetization tools
  • Service

Global Internet Radio Market, By Type

  • Commercial radios
  • Non-commercial radios

Global Internet Radio Market, By End User

  • Musical artists / DJ
  • Audio production companies
  • Commercial broadcasters
  • Religious communities

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