Internet Radio Market Growth and Trends 2020

Posted by Aakash Kumar on July 23rd, 2020

  • Internet radio is commonly referred to as digital audio service, transmitted through the internet. Internet radio is also called net radio, web radio, streaming radio, online radio, IP radio, and e-radio.
  • Internet radio is a complete system that comprises internet radio technology (listening, streaming, and simulation). Streaming media allows continuous streaming of audio that cannot be paused in between or replayed once the audio is over.
  • Internet radio is accessed online, such as via a broadband connection. Additionally, internet radio can also be connected using an Ethernet cable if the radio is near the router.
  • The global internet radio market is projected to expand at a rapid pace during the forecast period, due to advancement in technologies across the globe.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Internet Radio Market: Dynamics

Global Internet Radio Market: Key Drivers and Restraints

  • Surge in adoption of 4G/ 5G network and decreasing cost of streaming is a major factor likely to accelerate the internet radio market in the next few years.
  • Rise in demand for better streaming in a more efficient manner along with huge data storage capacity across the globe is estimated to boost the growth of the internet radio market during the forecast period.
  • Additionally, rise in adoption of internet radio among various sectors such as media & entertainment, retail stores, travel, airlines, hotels & restaurants, and insurance is projected to boost the demand for internet radio across the globe.
  • Growing feasibility of Wi-Fi at home and offices is also expected to propel the internet radio market during the forecast period.
  • Increasing adoption of internet radio in the automotive sector due to the rapid evolution of connected cars and autonomous vehicles is anticipated to boost the market.
  • The declining cost of internet bandwidth and reduced cost of streaming is expected to create new opportunities for the internet radio market during the forecast period.
  • However, increasing number of digital platforms constantly replacing internet radio is the major factor projected to hinder the global internet radio market in the next few years.

Impact of COVID-19 on the Global Internet Radio Market

  • Increasing cases of COVID-19 across the globe is resulting in economic slowdown, with developed countries strongly impacted by this pandemic. Most manufacturing or production of goods have been temporarily suspended all over the world. Businesses have been adversely impacted in most countries due to partial or full lockdown. This in turn is projected to indirectly hamper the global internet radio market in the next few years. Lack of industrial activity is expected to result in low cash flows, further hampering the funding of projects.

North America to Hold Major Share of the Global Internet Radio Market

  • In terms of region, the global internet radio market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global internet radio market in 2019. The U.S. is the key market in the region due to the presence of major internet radio service providers.
  • The internet radio market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing digitalization and increased internet usage in residential and commercial sectors across countries such as China, Japan, and India in the region.
Aakash Kumar

About the Author

Aakash Kumar
Joined: March 31st, 2020
Articles Posted: 2,331

Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
Dan O'Day's Radio and Voiceover Tools
Shop now for radio & voice overs. CDs, DVDs, books, mp3 training for program directors, production, imaging, sales, management, air talent from DanODay.com.
Binary Options Trading Signals
BOTS room has been around for over 6 years and is the community everyone uses for strategy development for options and Forex. With market veterans with over 20 years experience, what could be better!
Find Real Estate Investment Deals
BirdDogBot runs lightning-fast searches of freely available property listing sites for the best deals in your market that meet your investing criteria.
Wall Street Window
Stock Market Financial and Global Geopolitical News
N1 Top Internet Acoustic Blues Guitar Instructor
These 37 complete lessons encapsulate everything learned from playing as a professional blues player over the past 40 years, and contain everything you need learn to play old style blues guitar in exactly the same way.
Advertise Here