Study: Internet Radio Passes Major Milestone

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courtesy RADIO ONLINE | Wednesday, March 4, 2015 | 4:20pm CT
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The Infinite Dial 2015, the latest in a long-running series of studies on consumer adoption of digital media, was released Wednesday. The new national survey from Edison Research and Triton Digital found that 53 percent of Americans ages 12 and older listen to online radio monthly and 44 percent, or 119 million people, listen on a weekly basis. The study is the 23rd in a series dating back to 1998.

Among the other findings:

  • More than seven in ten (71 percent) now own a smartphone, an increase of ten percentage points from the 2014 report.
  • Pandora is the leading Internet-only audio service. More than half (54 percent) of Internet audio users say that Pandora is the service they listen to most often followed by iHeartRadio (11 percent), Spotify (10 percent), and iTunes Radio (8 percent).
  • Facebook is the most used Social Media site with nearly two-thirds (65 percent) of those who use any Social Media saying Facebook is the service they use most often. Among 12 to 24 year-olds, Facebook (43 percent) is the most used, beating Instagram (18 percent), Snapchat (15 percent), and Twitter (8 percent).
  • Podcasting is on the rise, as monthly audio podcast consumption grew from approximately 39 million monthly users in 2014 to approximately 46 million in 2015.
  • The majority of Americans (57 percent) say that technological change over the last ten years has had a positive impact on society; while only 15 percent say that it has had a negative impact.
  • Nearly two-thirds (63 percent) of all users and nine-in-ten 12 to 24 year-olds have used YouTube to watch music videos or listen to music.

“Media consumption habits have changed dramatically in the past five years,” noted Edison Research VP/Strategy and Marketing Tom Webster. “Online Radio has become mainstream, Podcasts are enjoyed by a significant portion of the population, and even the social media platforms that dominated five years ago have shifted. It’s vital for marketers and advertisers to understand and plan for these shifts.”

“Perhaps the most significant finding from this year’s report is the change in frequency of use for streaming audio,” said Triton Digital President/Market Development John Rosso. “For years Americans have been occasional listeners but for the first time it’s apparent that streaming audio has become an ingrained part of our lives as the number of Americans listening weekly is now 44 percent. This is a huge opportunity for publishers and marketers to better identify and target their listeners to maximize ad-based revenue.” 

http://news.radio-online.com/cgi-bin/rol.exe/headline_id=b14286

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