The Business Research Company Global Radio Station Market Report 2022: Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, Feb. 7, 2022 /EINPresswire.com/ — According to “Global Radio Station Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, Radio Station market size is expected to grow from USD 69.64 billion in 2021 to USD 72.73 billion in 2022 at a compound annual growth rate (CAGR) of 4.4%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $81.93 billion in 2026 at a CAGR of 3.0%. The growth of event advertising in broadcasting is driving the growth of the radio station industry.
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The radio station market includes sales of broadcasting services and broadcasting-related products. Broadcasting services are usually radio waves or audio signals that are transmitted from servers to wider audiences all over the world. Radio waves can be transmitted as AM (amplitude modulation) or FM (frequency modulation) and analog/digital technology is used to broadcast the programs over a radio network.
Global Radio Station Market Trends
Organized and personalized music on the radio is the latest trend in the radio market. An organized and personalized music option helps the listeners to choose the different personalized radio stations. Radio companies and online audio streaming companies are updating their apps to improve the listener experience by adding personalized radio channels.
The global radio station market is segmented:
By type: broadcast radio, satellite radio, online/mobile radio
Per app: advertising, public license fees, subscription
By end use: entertainment, communications, commercial
By Geography: The global radio market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe represents the largest share.
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The Global Radio Stations Market Report 2022 is part of a series of new reports by The Business Research Company that provides global radio stations market overviews, global radio stations market analysis and forecasts. and market growth for the Global Radio Stations Market, Radio Stations Market Share, Global Radio Stations Market Segments and Geographies, Radio Stations Market Players, Revenue, Profiles and Market Share major competitors in the radio station market. The Global Radio Stations Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s 2022 Global Radio Station Market Report includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Entercom Communications, Cumulus Media, CBS, iHeartMedia, Beasley Broadcast Group, Cox Radio, Townsquare Media, SFX Broadcasting, Bell Media and Emmis Communications.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.