TEWKSBURY, Mass.--(BUSINESS WIRE)--Mirror Image®, the leading provider of edge computing, streaming media and content delivery solutions, today announced the results of its survey, “Radio Evolution: From Waves to Online Streaming,” which found that 43 percent of consumers haven’t listened to their AM/FM radio at home for more than a year. The statistic is among several findings offering insight into today’s audio consumption patterns and implications for audio broadcasters and advertisers.
The evolution of broadcast toward Over-the-Top (OTT) services has traditionally focused on video, but it is impacting both audio content and video content delivery services. With so much attention being paid to video services such as HBO GO and Netflix, Mirror Image conducted a survey to reveal key insights, habits and preferences for audio consumption.
Key findings include:
- Traditional AM/FM radios are on their way out. Consumers are abandoning traditional radio listenership in their homes and cars in favor of online programming such as Pandora and Spotify, two of the most popular online radio platforms. Further, consumers are listening to audio content across a multitude of devices, from smartphones to tablets to Smart TVs.
Listeners are tuning in during the workday. Nearly 80 percent
of respondents listen to audio content throughout the workday. As
consumers lend more “ear time” than “eye time,” advertisers must be
poised to take advantage during this prime time for audio listening.
However, advertisers need to ensure that they are effectively
targeting their audiences on digital audio channels. According to the
survey, 30 percent of respondents indicated that they find online
radio advertisements “very annoying,” while 27 percent claim that the
ads are never relevant to their interests. When creating campaigns for
OTT audio content, advertisers must consider:
Device Type: Over which devices do your audiences stream
- 50 percent on smartphones
- 36 percent on desktops/ laptops
- 13 percent on tablets and smart TVs
Location: When and where are consumers listening to online
- 79 percent during their workday
- 50 percent in their car
Platform: Which service are consumers tuning into?
- Pandora – 21 percent
- Spotify – 22 percent
- AM/FM radio – 24 percent
- iTunes and iHeart Radio – 16 percent
- Device Type: Over which devices do your audiences stream online content?
- Leverage big data. The survey confirms that consumers are scattered across online radio platforms, so advertisers must know where their audiences are. By leveraging big data and analytics, advertisers can identify how and where target audiences are consuming audio content and tailor advertising campaigns to those platforms.
“Our Radio Evolution survey confirms that broadcast is continuing its rapid evolution toward digital. As audio consumption patterns shift, existing strategies for reaching consumers through traditional broadcast are less relevant, which could cause a decline in engagement and action,” said Charles White, chief revenue officer for Mirror Image. “Broadcasters and advertisers must respond by leveraging the right technologies to ensure they are delivering digital content that is optimized for where and when their audiences are listening.”
Traditional broadcast companies must consider how they are reaching audiences across digital channels – with only 13 percent of people actually willing to pay for online audio programming, ad partners will be key to monetizing broadcast content. The days of a radio dial are over. Failure to ensure that your content is optimized on all digital devices and online radio platforms, regardless of consumer preference, will result in substantial loss in revenue.
To view an infographic for Mirror Image’s Radio Evolution Survey: From Waves to Online Streaming go to www.mirror-image.com/audioinfographic
To request a copy of the full report of the Radio Evolution Survey, please email Mirror Image at firstname.lastname@example.org
About the Survey
The survey was conducted and managed by Mirror Image through SoGo Survey, a third-party survey platform. More than 100 consumers took this survey in April 2015. No data was manipulated and all results are reflected accurately by Mirror Image.
About Mirror Image
Mirror Image, one of the original Content Delivery Network providers in the industry, has pioneered the Dynamic Delivery Network. The Dynamic Delivery Network combines globally distributed, load balanced infrastructure with real-time application execution capabilities and a complete content delivery platform to provide dynamic, highly scalable online services with low latency and worldwide coverage. Mirror Image’s Dynamic Delivery Network includes Edge Computing capabilities, a complete Online Video Platform, live and on-demand video and audio streaming solutions, content delivery capabilities for object caching and file downloads, and optimized delivery to an extensive range of desktops, mobile devices, IPTV set-top boxes and other devices.
Mirror Image has been repeatedly recognized by Internet Retailer magazine as the Leader in the Content Delivery Network Category, voted by Streaming Media magazine as a Top 100 Company that Matter Most in Online Video in 2013, and recognized by CIO Review magazine as one of the 10 Most Promising Online Video Platform Providers in 2014. Mirror Image is a U.S.-based company incorporated in Delaware, headquartered in Tewksbury, MA, and founded in 1997. For additional information, please visit www.mirror-image.com or call +1 866 374 4113. Follow Mirror Image on Twitter @MirrorImageDDN.
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