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Global TV and Radio Subscription Market 2017-2021: Growing Adoption of Music Streaming Services Hindering GrowthDUBLIN, October 3, 2017 /PRNewswire/ -- The "Global TV and Radio Subscription Market 2017-2021" report has been added to Research and Markets' offering. The global TV and radio subscription market to grow at a CAGR of 4.50% during the period 2017-2021. Global TV and Radio Subscription Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The latest trend gaining momentum in the market is Growing popularity of Internet radio. The Internet is one of the fastest-growing platforms in the global radio subscription market for playing radio. Initially, listening to the radio was only possible using devices such as iPods and music systems. However, with individuals switching to an access-based approach, the subscription to the digital music libraries stored in the cloud is increasing rapidly. According to the report, one of the major drivers for this market is Growing popularity of multiscreen services. Multiscreen TV refers to watching TV on various additional platforms such as cell phones, laptops, and tablets. With the increase in the number of smartphone and tablet users, the demand for multiscreen TVservices has also gained high momentum. TV service operators, such as IPTV, offer services with the convergence of multiple screens to enhance customer satisfaction. In addition, technological advances have led to the development of better and innovative smartphones and tablets with better apps, a bigger screen, and better battery capacity. This is expected to boost the adoption of multiscreen services, which will fuel the demand for TV subscription services. Further, the report states that one of the major factors hindering the growth of this market is Growing adoption of music streaming services. There are many substitutes available in the market that can hinder the adoption of radio services. Alternative mediums such as downloading, streaming, physical forms of music, and OTT services are some of the substitutes that pose a threat to the global radio subscription market. Also, the increasing mobile Internet penetration and the growing popularity and adoption of smartphones are encouraging music listeners to opt for online streaming services. Key vendors
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For more information about this report visit https://www.researchandmarkets.com/research/rzlnsf/global_tv_and Media Contact: Laura Wood, Senior Manager
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