Press release
Podcasting Market Report 2023-2028: Global Size, Growth, Industry Trends, Opportunities and Competitive Analysis
Year Considered to Estimate the Market Size:
• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028
The global podcasting market is expected to exhibit a growth rate (CAGR) of 26.9% during 2023-2028. Podcasting represents the preparation of audio files that a user can either stream online on a subscription basis or download directly to personal devices for listening. It is generally hosted by individuals who lead a conversation, report news, and convey motivational stories, instructional information, and auditory case studies. Podcasts are convenient, easy to get started, highly engaging, and aid in building a personal connection, improving conversation, and acts as a popular alternative to videos. As a result, they are widely used by numerous brands to enhance search engine optimization (SEO) opportunities and increase website traffic.
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Podcasting Market Trends:
The rising penetration of the Internet, inflating sales of smartphones, and the widespread adoption of e-learning solutions are among the key factors stimulating the podcasting market. Moreover, the elevating demand for podcasts, as they offer flexible delivery of audio learning resources, which are used in teaching and educational learning across the globe is acting as another significant growth-inducing factor. Besides this, the increasing advancements in technology, including the integration of the Internet-of-Things (IoT) and artificial intelligence (AI) that assists in hyper-contextualizing information, while ensuring that the relevant content reaches the target audience, are positively influencing the market growth. Furthermore, the escalating usage of the service amongst individuals, as it offers easy accessibility to the podcast during walking, traveling, exercising, cleaning, gardening, and other activities is also propelling the global market. Apart from this, the growing popularity of smart speakers, the inflating digitization, and the rising product utilization in business-to-business (B2B), business-to-commerce (B2C), and banking, financial services and insurance (BFSI) sectors are anticipated to drive the podcasting market over the forecasted period.
Podcasting Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the podcasting market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Amazon.com Inc.
• Apple Inc.
• Entercom Communications Corp.
• iHeartMedia Inc.
• Liberated Syndication Inc.
• Pandora Media LLC (Sirius XM Holdings Inc.)
• Podbean Tech LLC
• SoundCloud Ltd.
• Spotify AB
• TuneIn Inc.
Key Market Segmentation:
The report has segmented the global podcasting market based on genre, format and region.
Breakup by Genre:
• News and Politics
• Society and Culture
• Comedy
• Sports
• Others
Breakup by Format:
• Interviews
• Panels
• Solo
• Repurposed Content
• Conversational
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3402&flag=C
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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