Pune, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Internet Radio Market report analysis benefits to shape the competition within the businesses and policies for the competitive environment to improve the possible revenue. The report evaluates key opportunities in the market and plans the factors that are and will drive the progress of the industry. Taking into account earlier growing patterns, growth drivers, and existing and upcoming trends, we also estimate the overall development of the global Internet radio market during the forecast period.

In short, the Internet radio market report is helpful for industry players, investors, consultants, business strategists, researchers, and all those who is having any kind of interest or are planning to venture into the Internet radio market in any way.

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Internet radio (also web radio, net radio, streaming radio, e-radio, IP radio, and online radio) is a digital audio service transmitted via the Internet. Broadcasting on the Internet is usually referred to as webcasting since it is not transmitted broadly through wireless means. It can either be used as a stand-alone device running through the internet, or as a software running through a single computer. The global Internet Radio market size is projected to grow from US$ 32950 million in 2022 to US$ 66180 million in 2029; it is expected to grow at a CAGR of 10.5% from 2023 to 2029.

Internet radio Market Segmentation: -

Market segments help decision-makers direct the product, sales, and marketing strategies, and can power your product development cycles by informing how you make product offerings for different segments.

Segment by Type

• Subscription Service

• Ad-Supported Radio Service

Segment by Application

• Live

• Audio-on-demand

The main types of Internet Radio have Subscription Service and Ad-Supported Radio Service. On the basis of the types, Subscription Service is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 57.88% share in 2019.

Market segment by Region/Country including: -

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

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Key Players in the Internet radio Market: -

• Apple Music

• Amazon Music

• Tencent Music

• Pandora

• IHeartRadio

• TuneIn

• LiveXLive Media

• Digitally Imported, Inc.

Of the major players of Internet Radio, Spotify maintained its first place in the ranking in 2019. Spotify accounted for 27.63% of the Global Internet Radio revenue market share in 2019. Other players accounted for 21.39%, 15%, 8.68% including Apple Music, Amazon Music, Tencent Music. Suppliers of Internet Radio in the international market are large, specialist companies, as well as divisions or subsidiaries of large groups.

Key Benefits of Internet radio Market Research Report:

• Types, applications, regions, and key players covered in the study

• Industry drivers, restraints, and opportunities covered in the study

• Recent industry trends and developments

• Competitive landscape & strategies of key players

• Historical, current, and projected market size, in terms of value

• In-depth analysis of the Internet radio Market

• Sales, price, revenue, market share, and growth rate are covered in the report sales channels, distributors, traders, dealers, etc. are covered in the report

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Detailed TOC of Global Internet radio Market Growth 2023-2029

1 Scope of the Report

1.1 Market Introduction

1.2 Years Considered

1.3 Research Objectives

1.4 Market Research Methodology

1.5 Research Process and Data Source

1.6 Economic Indicators

1.7 Currency Considered

1.8 Market Estimation Caveats

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Internet Radio Market Size 2018-2029

2.1.2 Internet Radio Market Size CAGR by Region 2018 VS 2022 VS 2029

2.2 Internet Radio Segment by Type

2.2.1 Subscription Service

2.2.2 Ad-Supported Radio Service

2.3 Internet Radio Market Size by Type

2.3.1 Internet Radio Market Size CAGR by Type (2018 VS 2022 VS 2029)

2.3.2 Global Internet Radio Market Size Market Share by Type (2018-2023)

2.4 Internet Radio Segment by Application

2.4.1 Live

2.4.2 Audio-on-demand

2.5 Internet Radio Market Size by Application

2.5.1 Internet Radio Market Size CAGR by Application (2018 VS 2022 VS 2029)

2.5.2 Global Internet Radio Market Size Market Share by Application (2018-2023)

3 Internet Radio Market Size by Player

3.1 Internet Radio Market Size Market Share by Players

3.1.1 Global Internet Radio Revenue by Players (2018-2023)

3.1.2 Global Internet Radio Revenue Market Share by Players (2018-2023)

3.2 Global Internet Radio Key Players Head office and Products Offered

3.3 Market Concentration Rate Analysis

3.3.1 Competition Landscape Analysis

3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)

3.4 New Products and Potential Entrants

3.5 Mergers & Acquisitions, Expansion

To Be Continued…

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