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Radio Market to Grow by USD 8.48 Billion (2024-2028), Access to Latest Music and Live Updates Driving Revenue, AI Redefining Market Landscape – Technavio

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NEW YORK, Dec. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global radio market  size is estimated to grow by USD 8.48 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3%  during the forecast period. Access to latest music and live updates is driving market growth, with a trend towards online radio services. However, availability of music streaming services  poses a challenge. Key market players include Audacy Inc., Australian Broadcasting Corp., BCE Inc., Beasley Broadcast Group Inc., Bertelsmann SE and Co. KGaA, Bonneville International, Cox Enterprises Inc., Cumulus Media Inc., Deseret Management Corp., EMMIS Communications Corp., Global Media Group Services Ltd., Heinrich Bauer Verlag KG, iHeartMedia Inc., Minnesota Public Radio, Paramount Global, SAGA COMMUNICATIONS INC., SALEM MEDIA GROUP INC., Sirius XM Holdings Inc., The Walt Disney Co., and Townsquare Media Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Broadcast radio, Online mobile radio, and Satellite radio), Revenue (Advertising, Public license fee, and Subscription), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Audacy Inc., Australian Broadcasting Corp., BCE Inc., Beasley Broadcast Group Inc., Bertelsmann SE and Co. KGaA, Bonneville International, Cox Enterprises Inc., Cumulus Media Inc., Deseret Management Corp., EMMIS Communications Corp., Global Media Group Services Ltd., Heinrich Bauer Verlag KG, iHeartMedia Inc., Minnesota Public Radio, Paramount Global, SAGA COMMUNICATIONS INC., SALEM MEDIA GROUP INC., Sirius XM Holdings Inc., The Walt Disney Co., and Townsquare Media Inc.

Key Market Trends Fueling Growth

Online radio streaming is a popular way to access radio content, with many vendors offering their services over the Internet. Some radio channels have merged with streaming portals, providing listeners with the flexibility to choose between live radio and on-demand music. Vendors like Pandora and Apple Music offer both services. The growing Internet penetration and mobile Internet availability are driving the demand for Internet radio, positively impacting the global radio market during the forecast period. 

[Background music playing softly in the background] Narrator (enthusiastically): “Hello and welcome to this week’s edition of Radio Market! Today, we’re diving into the latest trends shaping the radio industry. First up, mobile radios are on the rise, with interoperability ensuring seamless communication for terrestrial users. Digital technology brings US hand-held devices, like walkie talkies, offering group chats, enhanced voice quality, longer battery life, and budget-friendly prices. Advancements include breakthroughs in frequency ranges, allowing for higher quality audio and priority access. In the commercial sector, Cryptomania radio and Triton Digital lead the way, while military modernization embraces digital capabilities for trunking, digital capabilities, group calling, and rapid voice transmission. In the transportation and utility sectors, smart radios offer superior range accessibility. IHeartMedia in Athens, Greece, is testing analog voice with two-way communications, while digital technology continues to revolutionize radio communications. Stay tuned for more Radio Market updates!” 

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Market Challenges

•         Music streaming services, including Amazon Music, Google Play Music, and Deezer, have emerged as significant competitors in the radio industry. With growing popularity and competitive pricing, an increasing number of listeners are opting for online music streaming instead of traditional radio. Many music streaming applications are accessible for free online, enabling users to play their preferred tracks. The proliferation of mobile Internet penetration allows listeners to access and download music on their mobile devices, offering convenience and flexibility. Music streaming platforms provide an extensive range of music genres and tracks, posing a challenge to the global radio market in the forecast period.

•         [Background Music Playing] Narrator (Voiceover): “Welcome listeners to Cryptomania Radio, where we bring you the latest business news. Today, we’re discussing the challenges facing the radio industry, particularly in the areas of public safety communications. With the rise of digital capabilities in radio, players like Triton Digital and iHeartMedia are investing heavily in smart radio solutions. Military modernization and the need for real-time communication in the face of crime, terrorism, and natural disasters, have pushed the demand for high-quality audio, priority access, and effective response systems. Traditional analog voice systems are being replaced with two-way communications, trunking, and group calling. New technologies like rapid voice and site trunking are becoming essential for public safety agencies. However, these demands come with challenges such as spectrum efficiency, harmonized spectrum, and security threats. Cross-agency coordination and information sharing are also major factors. Vendor offerings, research methodologies, and interface manufacturers are key players in this market. The micromarkets for these solutions show individual growth trends, with joint ventures and research and development driving innovation. Stay tuned for more insights on Cryptomania Radio.”

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Segment Overview 

This radio market report extensively covers market segmentation by

Type 1.1 Broadcast radio1.2 Online mobile radio1.3 Satellite radioRevenue 2.1 Advertising2.2 Public license fee2.3 SubscriptionGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Broadcast radio-  The Radio Market is a thriving business sector where broadcasters reach out to diverse audiences through various radio formats. Advertisers invest in radio advertising due to its wide reach and affordability. Radio stations generate revenue through sponsorships, commercials, and subscriptions. Effective programming and audience engagement strategies are essential for radio stations to retain listeners and attract new ones. Radio’s accessibility and convenience make it an attractive advertising medium for businesses aiming to expand their customer base.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

[Opening jingle plays] [Host]: “Welcome to Cryptomania Radio, your daily source for the latest technology trends and innovations. Today, we’re diving into the world of modern radio communications. With the rise of digital capabilities, radio technology is evolving at an incredible pace. Triton Digital and other players are leading the charge towards smart radio, offering high-quality audio, priority access, and group calling features. But radio communications aren’t just for broadcasters anymore. Military modernization, crime prevention, and disaster response are all areas where two-way communications are essential. In Athens, Greece, analog voice systems are being replaced with digital trunking networks, providing more effective response to emergencies. New technologies like rapid voice and high-priority access are revolutionizing the way we communicate. From micromarkets to individual growth trends, research and development is key. Vendor offerings, interface manufacturers, and system integrators are all working together in joint ventures to push the boundaries of what’s possible. Stay tuned for more insights on this exciting topic.” [Closing jingle plays]

Market Research Overview

[Intro music plays] [Host]: “Welcome to Cryptomania Radio, your daily source for the latest trends and innovations in technology. Today, we’re diving into the world of radio communications, focusing on military modernization and the evolution of smart radios. [SFX: Military marching music] [Host]: “Gone are the days of analog voice and two-way communications. Military modernization has led to the adoption of digital capabilities, including group calling, priority access, and high-quality audio. But what about public safety and emergency response? Real-time communication is crucial during crime, terrorism, and natural disasters. [SFX: Siren sound] [Host]: “New technologies, such as site trunking and cross-agency coordination, are essential for effective response. Spectrum efficiency and harmonized spectrum are major factors in the micromarkets of individual growth trends. Vendor offerings from companies like Triton Digital and iHeartMedia are shaping the future of radio communications. [SFX: Radio static] [Host]: “From commercial applications in the transportation and utility sectors to advancements in handheld devices like walkie-talkies, digital technology is revolutionizing the way we communicate. Stay tuned for more on interoperability, seamless communication, and the future of radio communications. [SFX: Upbeat music]” [End music plays] [Host]: “That’s all for today on Cryptomania Radio. Join US tomorrow for another exciting episode. Until then, stay informed and stay connected.”

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBroadcast RadioOnline Mobile RadioSatellite RadioRevenueAdvertisingPublic License FeeSubscriptionGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Loliware receives commitment of technical assistance from Subnational Climate Fund to introduce SEA Technology® to the region, beginning with Guatemala

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53 minutes ago

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December 18, 2024

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The Subnational Climate Fund (SCF) is going to provide technical grant support to Loliware’s plastic-free initiative in Central America – an initiative at the intersection of plastic pollution, blue economic development, and climate change mitigation.

SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire-PRWeb/ — The Subnational Climate Fund (SCF) is going to provide technical grant support to Loliware’s plastic-free initiative in Central America – an initiative at the intersection of plastic pollution, blue economic development, and climate change mitigation. The project aims to replace conventional plastic with Loliware’s seaweed-based resins, which are regenerative, carbon-capturing, and entirely biobased. The project addresses both plastic waste and environmental challenges practically and sustainably.

Loliware is partnered with a leading family-owned manufacturing company in Guatemala for the project site. Guatemala is the largest economy in Central America and has already made significant strides towards sustainable development. With a GDP of approximately $84 billion, the country has implemented the Climate Change Framework Law, which supports the Low Emission Development Strategy (LEDS). This strategy aims to cut greenhouse gas emissions by 59% by 2050. It targets six key sectors: energy, transportation, industry, land use, agriculture, and waste management. This foundation enables more innovative projects like Loliware’s to contribute to and achieve the United Nations’ Sustainable Development Goals (SDGs).

And like Loliware, Guatemala is already working towards a plastic-free future. In 2019, the government implemented a nationwide ban on single-use plastics like bags, straws, and food containers, requiring businesses to transition to compostable materials. However, despite this progress, challenges such as limited waste management infrastructure and open burning of plastics in rural areas persist, posing serious environmental and health risks.

Loliware, with the technical assistance support from the Subnational Climate Fund (SCF), is advancing solutions to address these challenges with the introduction of seaweed-based resins—regenerative biomaterials made with ocean-farmed seaweed, that are both backyard compostable and biorenewable. Beyond reducing plastic waste, this initiative supports coastal resilience, empowers women through job creation, and strengthens local economies, aligning with Guatemala’s sustainability goals.

“We are honored to join forces with the extraordinary families and manufacturing communities in the region. Loliware’s initiative marks the beginning of a long-term collaboration, and we are fully dedicated to driving meaningful and enduring positive impact. By introducing regenerative seaweed materials, we hope to end plastic pollution and safeguard the Rio Motagua for future generations.” – Sea Briganti, Founder & CEO, Loliware

Guatemala marks just the beginning. Over the next three years, Loliware intends to collaborate with six more plastics manufacturers across Central America. This effort highlights the region’s potential to emerge as a global leader in advancing the green economy and promoting technological innovation.

About SCF

The Subnational Climate Finance initiative (SCF) invests in subnational climate-smart infrastructure projects incorporating nature-based solutions including sustainable energy, waste and water management, urban development solutions and sustainable agriculture. The SCF Initiative consists of an investment fund managed by Pegasus Capital Advisors and a Technical Assistance Facility executed by Catalytic Finance Foundation, the International Union for Conservation of Nature and Gold Standard.

About Loliware

Established in 2016, Loliware is a materials innovation company utilizing AI to develop materials to replace single-use plastics with seaweed-based alternatives. Our groundbreaking SEA Technology® Resins present a sustainable solution with endless potential. Compatible with existing plastic manufacturing equipment, they enable the production of home-compostable, circular products that aid in Earth’s regeneration. Loliware’s current line of award-winning seaweed-based bio-resins matches conventional plastics’ performance, addressing the issue of microplastics and promoting nature-based carbon sequestration. SEA Technology® Resins have been successfully validated by leading manufacturers, compounders, and brands globally and are available for licensing.

Media Contact

Loliware Press Team, Loliware Inc., 1 (408) 960-3807, press@loliware.com, www.loliware.com 

LinkedIn

View original content:https://www.prweb.com/releases/loliware-receives-commitment-of-technical-assistance-from-subnational-climate-fund-to-introduce-sea-technology-to-the-region-beginning-with-guatemala-302334693.html

SOURCE Loliware Inc.

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CGI files 2024 Annual Disclosure Documents

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53 minutes ago

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December 18, 2024

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Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom

MONTRÉAL, Dec. 18, 2024 /PRNewswire/ – CGI (TSX: GIB.A) (NYSE: GIB) has filed with the securities regulators in Canada and in the United States its Management Proxy Circular for its Annual General Meeting of Shareholders to be held virtually on January 29, 2025.

CGI has also filed its 2024 Annual Information Form with the Canadian securities regulators, as well as with the U.S. Securities and Exchange Commission as part of its Annual Report on Form 40-F, which also includes its previously-filed Fiscal 2024 Results.

An electronic version of CGI’s 2024 annual filings, including its Management Proxy Circular, Annual Information Form and Annual Report on Form 40-F, are available on CGI’s website at www.cgi.com/investors.

Notice and Access
CGI uses the Notice and Access rules adopted by Canadian securities regulators to reduce the volume of paper in the materials distributed for the Annual General Meeting of Shareholders. For the purposes of the Notice and Access process, the Management Proxy Circular and other relevant materials are available here and on the Canadian Securities Administrators’ website at www.sedarplus.ca.

Mailing
CGI has delivered its meeting materials to the appropriate parties for mailing to registered shareholders and beneficial owners prior to its Annual General Meeting of Shareholders. However, as Canadian postal services have only recently resumed following the return to work of the Canadian Union of Postal Workers after a national strike, it is possible that delivery of meeting materials may be delayed and that certain shareholders may not receive the materials prior to the meeting. Shareholders are encouraged to access an electronic version of meeting materials, which are available here, on the Canadian Securities Administrators’ website www.sedarplus.ca or on CGI’s website at www.cgi.com/investors.  

Registered shareholders and non-objecting beneficial owners may request a paper copy of the materials by calling Computershare Investor Services Inc. toll free at 1-866-962-0498 (Canada and U.S.) or +1-514-982-7555 (international) and entering the control number indicated on the form of proxy or voting instruction form they received with the Notice of Meeting. Objecting beneficial owners may request a paper copy of the materials by calling Broadridge Investor Communications Corporation toll free at 1-877-907-7643 (Canada and U.S., in English or French), at +1-303-562-9306 (international, in French), or at +1-303-562-9305 (international, in English) and entering the control number indicated on the voting instruction form they received with the Notice of Meeting. To ensure that materials are received in advance of the voting deadline and meeting date, all requests for paper copies of meeting materials must be received no later than January 15, 2025.

About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,250 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is $14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

View original content:https://www.prnewswire.com/news-releases/cgi-files-2024-annual-disclosure-documents-302335541.html

SOURCE CGI Inc.

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TransPerfect Legal Named Top eDiscovery Provider by Australasian Lawyer for Third Consecutive Year

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December 18, 2024

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SYDNEY and NEW YORK, Dec. 18, 2024 /PRNewswire/ — TransPerfect Legal, a global leader in legal technology, AI, and advisory services, has been named a top eDiscovery provider in Australasian Lawyer and New Zealand Lawyer’s 2024 Service Provider Awards.

In evaluating nominees, judges considered excellence in service delivery, innovation, and demonstrated commitment to research and development. This is the third consecutive year TransPerfect Legal has been recognised by Australasian Lawyer as a leading eDiscovery service provider.

TransPerfect’s first Australian office opened in Sydney in 2007, with a dedicated TransPerfect Legal support team, servers, and forensic lab added in 2019. Rapid growth followed and with the high demand for its services in Australia, the company later added a Melbourne office.

“To be recognised for a third consecutive year is a testament to our local support team and our amazing clients, and I am deeply grateful for both,” remarked Tom Balmer, Director, APAC, TransPerfect Legal.

Phil Shawe, TransPerfect President and Co-CEO, stated, “This award shines a light on our team’s technical expertise and steadfast commitment to clients in Australia and New Zealand.”

About TransPerfect Legal
TransPerfect Legal is a global leader in legal technology, AI, and advisory services for Am Law 200 and Global 100 law firms as well as corporate legal departments. With offices in more than 140 cities worldwide, solutions include forensic technology and consulting, eDiscovery and early data assessment, managed review and legal staffing, language services, deposition and trial support, and paper discovery, all offered alongside the Reef Technology ecosystem, TransPerfect Legal’s suite of proprietary applications that address the needs of legal and regulatory practitioners around the world. For more information, please visit www.transperfectlegal.com

About TransPerfect
TransPerfect is the world’s largest provider of language services and AI solutions for global business. From offices in over 140 cities on six continents, TransPerfect offers a full range of services in 200+ languages to clients worldwide. More than 6,000 global organizations employ TransPerfect’s GlobalLink® technology to simplify the management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/transperfect-legal-named-top-ediscovery-provider-by-australasian-lawyer-for-third-consecutive-year-302335170.html

SOURCE TransPerfect

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