The Business Research Company’s Radio Broadcasting Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, June 16, 2021 /EINPresswire.com/ — According to the new market research report ‘Radio Broadcasting Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, 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%. The increasingly growing population is the main driver of the market.
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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.
Trends In The Global Radio Broadcasting Market
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.
Global Radio Broadcasting Market Segments:
The global radio broadcasting market is further segmented based on type, broadcaster type, frequency bands and geography.
By Type: Radio Station, Radio Network
By Broadcaster Type: Public, Commercial
By Type: AM, FM, Satellite Radio, HD Radio
By Frequency Bands: Very-Low Frequency, Low Frequency, Medium Frequency
By Geography: The global radio broadcasting market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global radio broadcasting market, accounting for 50% of the market in 2020.
Read More On The Report For The Global Radio Broadcasting Market At:
Radio Broadcasting Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides radio broadcasting market overviews, analyzes and forecasts market size and growth for the global radio broadcasting global market, radio broadcasting global market share, radio broadcasting global market players, radio broadcasting global market segments and geographies, radio broadcasting global market’s leading competitors’ revenues, profiles and market shares. The radio broadcasting global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Radio Broadcasting Global Market Report 2021 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
Radio Broadcasting Market Organizations 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.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Radio Broadcasting Global Market Report 2021:
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