Impact of COVID 19 and recovery until 2030
Major companies in the broadcasting market include iHeartMedia; Cumulus Media; Walt Disney and Sirius XM Radio Inc. The global broadcast market is expected to grow from $ 100 billion in 2020 to $ 113.
New York, January 28, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Radio Broadcasting Global Market Report 2021: COVID 19 Impact and Recovery to 2030” – https://www.reportlinker.com/ p06009784 /? utm_source = GNW
59 billion in 2021 at a compound annual growth rate (CAGR) of 13.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 137.72 billion in 2025 at a CAGR of 5%.
The broadcasting market is made up of revenues generated by sales of radio programs and airtime to advertisers, as well as donations and grants, received by entities (organizations, sole proprietorships and partnerships) that operate studios. and live or satellite broadcast facilities. broadcasting of radio programs, which may include entertainment, news, talk shows, business data or religious services. The broadcasting market is segmented into radio station and radio network.
Western Europe was the largest region of the world broadcasting market, accounting for 50% of the market in 2020. North America was the second largest region accounting for 28% of the world broadcasting market. Africa was the smallest region in the world broadcasting market.
Internet radio services are increasingly popular as they provide better sound quality, a music search tool, and gender-specific channels for online listeners. Internet radio, also known as web radio or webcasting technology, uses the Internet as a distribution medium for broadcasting instead of traditional radio waves, which are limited by the power of the station’s transmitter. and the streaming options available. Internet radio provides access to live radio stations and events from around the world, which is not possible with traditional radio broadcasting. The major companies providing Internet radio are Pandora Media Inc, Spotify, Tune-In, and Slacker.
Read the full report: https://www.reportlinker.com/p06009784/?utm_source=GNW
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