Internet Radio Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 3.21 Billion |
| Market Size (2030) | USD 5.80 Billion |
| CAGR (2025 - 2030) | 12.56% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Internet Radio Market Analysis
The Internet Radio Market size is estimated at USD 3.21 billion in 2025, and is expected to reach USD 5.80 billion by 2030, at a CAGR of 12.56% during the forecast period (2025-2030).
- As global Internet access broadens, particularly in developing nations, many consumers are tuning into Internet radio. This surge in online connectivity is bolstering the expansion of streaming platforms and services. The rise of smartphones, equipped with apps for Internet radio, has empowered users to access content anytime, anywhere. Furthermore, mobile devices seamlessly merge radio with other multimedia platforms, fueling market growth.
- In contrast to traditional radio, often confined by geographic limits, internet radio breaks boundaries, granting users global access to stations and content. This means listeners can enjoy broadcasts from diverse corners of the globe. Many platforms also curate personalized content tailored to individual user preferences
- Today's consumers demand flexibility and autonomy in their media choices. Internet radio caters to this by offering on-demand listening, enabling users to select specific shows, songs, or podcasts, and even craft custom playlists or stations. Integrating internet radio services into smart home devices such as Amazon Echo, Google Home, and smart TVs further simplifies access, allowing consumers to enjoy radio through voice commands and multi-room audio systems.
- Yet, giants including Spotify, Apple Music, and YouTube Music reign supreme in the audio entertainment realm. Beyond just on-demand music, these platforms boast sophisticated algorithm-driven recommendations, drawing listeners away from conventional internet radio stations.
Internet Radio Market Trends
Media & Entertainment Segment is Expected to Dominate the Market
- Niche stations on internet radio target specific genres, interests, or communities, paving the way for diverse content often sidelined by traditional media. Catering to everything from indie music to specialized talk shows, these stations resonate with distinct tastes and demographics, fueling market expansion.
- Platforms including internet radio foster real-time listener engagement with hosts or DJs via social media, texts, or call-ins, amplifying interactivity. Such interactions cultivate communities around particular stations or shows. Leveraging advancements in artificial intelligence (AI) and data analytics, internet radio platforms are now adept at delivering personalized recommendations. By tailoring music or talk show selections to user preferences and listening habits, these platforms significantly enhance the listener experience.
- Mobile apps such as Spotify, TuneIn, iHeartRadio, and Apple Music have democratized access to internet radio, making it a staple on smartphones and tablets. With features like intuitive navigation, curated playlists, and easy station discovery, these platforms have propelled the popularity of internet radio.
- As per the Federation of Indian Chambers of Commerce & Industry (FICCI), India's media and entertainment landscape saw television raking in a hefty USD 8.20 Billion. In contrast, radio, while modest at USD 0.27 Billion, plays a pivotal role in driving market growth.
Europe Expected to Hold High Market Share
- Internet radio provides listeners with a vast array of content, spanning local, regional, national, and international stations. It also features niche genres and specialized stations often absent from traditional FM or AM radio. This rich diversity resonates with European audiences, who are increasingly seeking broader choices.
- Smartphones, tablets, smart speakers, and other connected devices have made accessing Internet radio effortless. Many users tune into their favorite stations or explore new ones via apps like TuneIn and iHeartRadio, or through smart devices such as Amazon Echo and Google Home, enhancing convenience.
- Europe's growing affinity for podcasts and streaming platforms, including Spotify, Apple Music, and Deezer, has bolstered the prominence of internet radio. Many internet radio stations now incorporate podcast features, drawing in audiences who appreciate curated playlists and audio content tailored to their schedules.
- Internet radio presents a cost-efficient avenue for radio stations to engage a global audience, sidestepping the hefty expenses tied to traditional broadcasting. For advertisers, digital ads on internet radio stations offer precision targeting and measurable results, catering to both local and international brands. This capability is especially vital in Europe's linguistically and culturally diverse market.
Internet Radio Industry Overview
The Internet Radio market is moderately consolidated with the presence of players such as CBS Corporation, Citadel Broadcasting Corporation, Chrysalis Group and Pandora Media Inc. vying for higher market share. Market participants are concentrating on expanding their customer base to enhance their competitive advantage in the industry. These companies are actively pursuing a larger global market share through research & development, mergers & acquisitions, collaboration, and market expansion to promote innovations and enhance their global customer base.
Internet Radio Market Leaders
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CBS Corporation
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Citadel Broadcasting Corporation
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Chrysalis Group
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Pandora Media Inc.
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TuneIn Inc.
- *Disclaimer: Major Players sorted in no particular order
Internet Radio Market News
- September 2024: SSUS, or the Sree Sankaracharya University of Sanskrit, is poised to launch its Internet radio broadcast soon. The university intends to use this platform to spark student interest in its academic and research initiatives. Moreover, the Internet radio will host expert-led discussions on career guidance and lectures covering a wide array of subjects.
- September 2024: Global Today unveiled 12 new radio stations, enhancing offerings from some of the UK's top commercial radio brands. With this expansion, Global reinforces its position as a market leader, providing listeners with an even broader selection. These newly launched stations can be accessed via Global Player the official app for all of Global's radio content as well as on smart speakers, online platforms, and DAB Digital Radio.
Internet Radio Industry Segmentation
Internet radio is an audio service that uses the Internet as a distribution medium of broadcasting instead of the traditional radio waves. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The internet radio market is segmented by software media player (Itunes, Windows Media Player, Winamp and Others), by device support (PC, Laptop, Tablet, Smart Device and Other Devices), by advertiser type (Insurance, Travel Airline, Restaurant, Consumer Electronics, Media & Entertainment and Others) and by geography (North America, Europe, Asia Pacific, South America, Middle East, and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Software Media Player | Itunes | ||
| Windows Media Player | |||
| Winamp | |||
| Others | |||
| By Device Support | PC | ||
| Laptop | |||
| Tablet | |||
| Smart Device | |||
| Other Devices | |||
| By Advertiser Type | Insurance | ||
| Travel Airline | |||
| Restaurant | |||
| Consumer Electronics | |||
| Media & Entertainment | |||
| Others | |||
| By Geography*** | North America | United States | |
| Canada | |||
| Europe | Germany | ||
| France | |||
| Italy | |||
| Spain | |||
| Asia | China | ||
| India | |||
| Japan | |||
| Australia and New Zealand | |||
| Latin America | Brazil | ||
| Mexico | |||
| Middle East and Africa | Saudi Arabia | ||
| United Arab Emirates | |||
| South Africa | |||
Internet Radio Market Research FAQs
How big is the Internet Radio Market?
The Internet Radio Market size is expected to reach USD 3.21 billion in 2025 and grow at a CAGR of 12.56% to reach USD 5.80 billion by 2030.
What is the current Internet Radio Market size?
In 2025, the Internet Radio Market size is expected to reach USD 3.21 billion.
Who are the key players in Internet Radio Market?
CBS Corporation, Citadel Broadcasting Corporation, Chrysalis Group, Pandora Media Inc. and TuneIn Inc. are the major companies operating in the Internet Radio Market.
Which is the fastest growing region in Internet Radio Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Internet Radio Market?
In 2025, the Europe accounts for the largest market share in Internet Radio Market.
What years does this Internet Radio Market cover, and what was the market size in 2024?
In 2024, the Internet Radio Market size was estimated at USD 2.81 billion. The report covers the Internet Radio Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Internet Radio Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Internet Radio Industry Report
Statistics for the 2025 Internet Radio market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Internet Radio analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
