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Proliferation of Smartphones and Consumer Preference for On-Demand Anytime Anywhere Radio Drive the Global Internet Radio Market


Published: August 2017

REPORT STATISTICS


  • Code: MCP-7775
  • Pages: 198
  • Tables: 49
  • Companies: 79


INTERNET RADIO: A RESEARCH BRIEF

The global market for Internet Radio is projected to reach US$3.9 billion by 2024, driven by the increase in radio listening as a result of the growing popularity of Internet-connected devices. Mobile broadband penetration is helping provide the platform for delivery of personalized radio on mobile phones, thus enabling more number of consumers to access internet radio services. Falling Internet bandwidth tariffs and launch of 4G networks will continue to encourage adoption of internet radio services in the coming years. The United States represents the largest market worldwide supported by the presence of numerous free internet radio stations streaming live music. Asia-Pacific ranks as the fastest growing market with a CAGR of 23.8% through the analysis period led by factors such as rising broadband penetration, increased use of the internet radio as an advertising platform, digitalizing lifestyles and the resulting penchant for digital forms of on-demand entertainment particularly among the younger generation, and development of new digital platforms that encourage more listening and interactivity. 

    Summary of Findings

  • Expanding Internet Infrastructure and Growing Ubiquity of High Speed Broadband Connections Provide the Foundation for Market Growth
  • Launch of Smartphones with Embedded FM Radio Receivers and Development of Radio Apps Fuels Consumption of Internet Radio Content
  • Introduction of Affordable Subscription Pricing Plans by Market Majors such as Pandora Accelerates Adoption Rates in the Market
  • Ability to Choose Among the Wide Array of Music Genres and Radio Talk Shows Drives the Popularity of Internet Radio Over Terrestrial Radio Broadcasting
  • Launch of Intelligent and Advanced In-Car Entertainment Systems Fuels Penetration of Internet Radio in Automobiles

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Rest of World

MAJOR PLAYERS

  • 8tracks
  • AccuRadio, LLC
  • Amazon.com, Inc.
  • AOL Radio
  • Apple Inc.
  • Deezer

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable