TMCnet News
Technavio Publishes Global Radio Market Analysis and Forecast 2015-2019Technavio has published a new report on the global radio market, which is expected to grow at a CAGR of almost 4% from 2015-2019. The latest industry analysis report by Technavio indicates the main selling point for radio remains that the technology is predominantly free. "Apart from the subscription fee for a few premium radio stations and satellite radio subscriptions, there are no charges involved in listening to broadcast radio channels," says Faisal Ghaus, Vice President of Technavio. The Technavio report also emphasizes bundled services that are increasingly being offered by vendors like Pandora (News - Alert), which offer both online radio and streaming music services. Such bundled services give users the flexibility to choose music content. "Listeners can either tune into live radio or stream on-demand music. This trend is expected to have a positive impact on the market during te forecast period," says Ghaus. Furthermore, the trend of internet radio is also gaining traction. The increase in internet penetration and the availability of mobile internet has resulted in an increased demand for internet radio. The internet removes the need for a dedicated device as the listener can stream radio over a PC or smartphone via the internet. Technavio currently has more than 3000 market research reports on a huge range of topics, including: About Technavio Technavio is a leading global technology research and advisory company. Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
|
