Global Radio Broadcasting Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Radio Broadcasting Market Report by The Business Research Company covers radio broadcasting market drivers and restraints, radio broadcasting market size, major players, and the impact of COVID-19 on the radio broadcasting market.
The radio broadcasting market consists of revenues generated from sales of radio programs and air time to advertisers, and from donations and subsidies, earned by entities (organizations, sole traders and partnerships) that operate broadcast studios and facilities for over-the-air or satellite delivery of radio programs, which may include entertainment, news, talk shows, business data, or religious services. The radio broadcasting market is segmented into radio station and radio network.
Internet radio services are becoming popular as they provide better sound quality, music search tool and offer genre specific channels to listeners online. Internet radio, also known as web-radio technology or webcasting, uses the internet as a medium of distribution for broadcasting instead of traditional radio waves, that are limited by power of station’s transmitter and available broadcast options. Internet radio provides access to radio stations and live events from across the world, which is not possible through traditional radio broadcasting.
The global radio broadcasting market is expected to grow from $100 billion in 2020 to $113.59 billion in 2021 at a compound annual growth rate (CAGR) of 13.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $137.72 billion in 2025 at a CAGR of 5%.
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Some radio broadcasting market trends include internet radio services becoming popular as they provide better sound quality, music search tool and offer genre specific channels to listeners online. Internet radio, also known as web-radio technology or webcasting, uses the internet as a medium of distribution for broadcasting instead of traditional radio waves, that are limited by power of station’s transmitter and available broadcast options. Internet radio provides access to radio stations and live events from across the world, which is not possible through traditional radio broadcasting. Major companies providing internet radio are Pandora Media Inc, Spotify, Tune-In and Slacker.
Global radio broadcasting market segments include:
1) By Type: Radio Station, Radio Network.
2) By Broadcaster Type: Public, Commercial.
3) By Type: AM, FM, Satellite Radio, HD Radio.
4) By Frequency Bands: Very-Low Frequency, Low Frequency, Medium Frequency
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe accounts for the largest global radio broadcasting market share.
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The Radio Broadcasting Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides radio broadcasting market overviews, analyzes and forecasts market size, share, radio broadcasting market players, radio broadcasting market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The radio broadcasting market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Radio Broadcasting Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: iHeartMedia, Cumulus Media, Walt Disney, Sirius XM Radio Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The radio broadcasting Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The radio broadcasting Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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