RAM (Real Audio Media) is a flexible audio format developed by RealNetworks in 1995. Initially, it was intended to stream audio/video clips over the internet. It is designed in a way that users can listen to content while the file is still downloading. Today, many radio stations use it to broadcast content online.
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WAV, sometimes called WAV, is an audio container format developed by IBM and Microsoft and comes with a .wav filename extension. Unlike popular formats like MP3 and MP4, WAV isn’t a lossy format, so it’s bigger and less popular. WAV files can be opened on various OS platforms via software like Windows Media Player, MPlayer, VLC Media Player, and more.