The global analysis and forecast periods covered are 2020-2027 (current & future analysis) and 2012-2019 (historic review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Amid the COVID-19 crisis and the looming economic recession, the Internet Radio market worldwide will grow by a projected US $4.3 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 17.7%.
Internet Radio, one of the segments analyzed and sized in this study, is forecast to grow at over 17.7% and reach a market size of US $6.3 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Internet Radio market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 19.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US $153.6 Million to the region's size over the next 7 to 8 years. In addition, over US $195.7 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Internet Radio segment will reach a market size of US $308.2 Million by the close of the analysis period.
Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Internet Radio market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 17.8% over the next couple of years and add approximately US $553.4 Million in terms of addressable market opportunity.
Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Internet Radio market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
Recent Market Activity
Advertisements or Subscriptions - Where Does Internet Radio Earn From?
Current & Future Analysis
Internet Radio: Gaining Edge over Terrestrial Radio Broadcasting
Smartphones - The Savior of Audio Market
Global Competitor Market Shares
Internet Radio Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
AccuRadio, LLC (USA)
Amazon.com, Inc. (USA)
AOL Radio (USA)
Apple Inc. (USA)
Google Inc. (USA)
iHeartMedia, Inc. (USA)
Pandora Media, Inc. (USA)
Slacker, Inc. (USA)
SomaFM.com, LLC (USA)
Spotify Ltd. (UK)
3. MARKET TRENDS & DRIVERS
Expanding Internet User Base: A Key Driving Force
Rising Smartphone Usage Fueling Growth of Internet Radio
Worldwide Mobile Subscriber Base - Key Statistics
Soaring Mobile Broadband Penetration Rates to Power Growth for Internet Radio on Mobile Platforms
Increased Strain on 3G Networks Brings 4G Networks into the Spotlight
Transition from 3G to 4G and 5G Networks: Revolutionizing the Mobile Communications Landscape
Internet Radio Technology to Witness Widespread Deployment in Vehicles
In-Vehicle Wi-Fi to Encourage In-Vehicle Internet Radio Adoption
Will Analog Radio Shutdown be the Future, Aid Internet Radio?
Home Audio Systems Cautiously Embracing Internet Radio
Monetization of Internet Radio Services
Internet Radio and Local Advertising
Catalogs: The Heart of On-Demand Services
Multi-Channel Distribution: Key to Long-Term Success
Marketers Track Web Browsing Trends to Serve Ads
Radio Broadcasters Need to Smarten Up to Increase Revenues through Internet