Global Radio Market 2018-2022 | Growth Analysis and Forecast | Technavio

Technavio has announced the release of their Global Radio Market 2018-2022 report (Graphic: Business Wire)

LONDON--()--The global radio market is expected to register a CAGR of almost 3% during the period 2018-2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

A key factor driving the market’s growth is the access to live music and latest updates. The cost of subscription to most of the radio channels is negligible. The only cost incurred with the radio is the cost of the device, which must be tuned into. However, with the growing use of smartphones all over the world, the additional cost for a separate device is being eliminated.

This market research report on the global radio market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights online radio services as one of the key emerging trends in the global radio market:

Global radio market: Online radio services

Online radio streaming is one of the popular platforms for playing radio. Most of the vendors in the current market offer their services over the Internet. There are few radio channels that have merged with online streaming portals and other radio channels, which serve both online radio and streamed music services using the same platform.

“A few major vendors offer both online radio and streaming music services. This gives the users a flexible option in terms of music on demand. The increasing internet penetration and availability of mobile internet will drive the demand for internet radio. This trend is expected to create a positive impact on the global radio market during the forecast period,” says a senior analyst at Technavio for research on publishing and advertising.

Another important trend impacting the growth of the market is curated and personalized music. The Internet provides radio users curated and personalized radio channels and playlists based on their listening habits. This helps the listeners to explore the latest music in the genres of their choice, which are curated based on the music they listen to on a regular basis.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global radio market is expected to register a CAGR of almost 3% during 2018-2022, according to the latest market research report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com