NEW YORK , Sept. 24, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global radio market size is estimated to grow by USD 8.47 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 3% during the forecast period. Access to latest music and live updates is driving market growth, with a trend towards online radio services However, availability of music streaming services poses a challenge - Key market players include Audacy Inc., Australian Broadcasting Corp.
, BCE Inc., Beasley Broadcast Group Inc., Bertelsmann SE and Co.
KGaA, Bonneville International, Cox Enterprises Inc., Cumulus Media Inc., Deseret Management Corp.
, EMMIS Communications Corp., Global Media Group Services Ltd., Heinrich Bauer Verlag KG, iHeartMedia Inc.
, Minnesota Public Radio, Paramount Global, SAGA COMMUNICATIONS INC., SALEM MEDIA GROUP INC., Sirius XM Holdings Inc.
, The Walt Disney Co., and Townsquare Media Inc..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver Online radio streaming is a popular way to access radio content, with many vendors offering their services over the Internet. Some radio channels have merged with streaming portals, providing listeners with the flexibility to choose between live radio and on-demand music.
Vendors like Pandora and Apple Music offer both services. The growing Internet penetration and mobile Internet a.