Webcasting is growing in popularity in the broadcasting market, which is expected to reach $163 billion by 2026
The Business Research Company Global Broadcasting Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 4, 2022 /EINPresswire.com/ — Internet radio services are among the broadcasting industry trends that are becoming popular as they offer better sound quality, music search and offer genre-specific channels to online listeners. Internet radio, also known as web radio technology or webcasting, uses the internet as the broadcast medium for broadcasting instead of traditional radio waves, which are limited by the power of the station’s transmitter and available streaming options. Internet radio provides access to radio stations and live events from around the world, which is not possible with traditional radio broadcasting. The main companies providing internet radios are Pandora Media Inc, Spotify, Tune-In and Slacker.
The size of the global broadcasting market is expected to grow from $125.39 billion in 2021 to $133.55 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The growth of the broadcasting market is mainly due to the companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive confinement measures involving social distancing, working at distance and the closure of business activities that have resulted in operational challenges. The market is expected to reach $163.68 billion in 2026 with a CAGR of 5.2%.
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TBRC’s Broadcasting Market Overview shows that Western Europe was the largest market region in 2021. Eastern Europe is expected to be the fastest growing region during the forecast period . Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Players Covered in Global Broadcasting Industry are Liberty Media Corporation, Sirius XM Holdings Inc, iHeartMedia Inc., The Walt Disney Company, Bouygues SA, Entercom Communications Corporation, Cumulus Media, Inc, FUJI MEDIA HOLDINGS INC, Netease Inc. , Nine Entertainment Co. and Holdings Limited.
TBRC’s Global Broadcasting Industry Analysis Report is segmented by Type into AM, FM, Satellite Radio, HD Radio, by Broadcaster Type in Public, Commercial, by Frequency Band in Very Low Frequency, Low Frequency , medium frequency.
Global Broadcasting Market Report 2022 – By Type (Am, Fm, Satellite Radio, HD Radio), By Broadcaster Type (Public, Commercial), By Frequency Bands (Ultra Low Frequency, Low Frequency, Mid Frequency) – Market Size, Trends, And Global Forecast 2022-2026 is part of a series of new reports from The Business Research Company that provides Broadcasting Market Overview, Broadcasting Market Forecast, Broadcasting Market Size, Broadcasting and Broadcasting Market Growth for Overall Market, Broadcasting Market Segments, Broadcasting Market Geographies, Broadcasting Market Trends, Broadcasting Market Drivers, Restraints, Revenue, Profiles and Shares of the market of the main competitors.
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