Press release
Podcasting Market Trends, Industry Size, Growth Opportunities And Forecast To 2032
Podcasting Market
Podcasting Market Size, Growth Rate, And Forecast
The global podcasting market size grew from $20.14 billion in 2022 to $25.85 billion in 2023 at a compound annual growth rate (CAGR) of 28.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The podcasting market size is expected to grow to $66.24 billion in 2027 at a CAGR of 26.5%.
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Podcasting Market Drivers
The increasing penetration of the internet is significantly contributing to the growth of the podcasting market. Internet penetration is increasing due to various reasons such as improved access to mobiles/smartphones, the emergence of new communication over the internet, and others. During the COVID-19 pandemic, most of the people shifted online for online communications, entertainment, e-learning, podcasts, and other purposes as they were home due to lockdowns. The increasing penetration of the internet significantly creates demand for podcasting as it is part of online learning and entertainment.
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Podcasting Market Segments
1) By Genre: News And Politics, Society And Culture, Comedy, Sports, Other Genres
2) By Format: Interviews, Panels, Solo, Repurposed Content, Conversational
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Podcasting Market.
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Podcasting Market Key Players
Major competitors in the Podcasting Market include Amazon.com Inc., Apple Inc., iHeartMedia Inc., Megaphone LLC, Pandora Media LLC, Audacy Inc., Soundcloud Limited, Spotify AB, Stitcher, TuneIn Inc., Entercom Communications Corp, Liberated Syndication Inc., Podbean Tech LLC, PTC Inc., IBM Corporation, Tech Mahindra Limited, Wipro Limited, Oracle Corporation, Siemens AG, Tata Consultancy Services Limited, Atos SE, Libsyn, Blubrry, PodOmatic, Sirius XM Holdings and The Adecco Group
The Business Research Company's "Global Podcasting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Podcasting Market Include:
1. Executive Summary
2. Podcasting Market Characteristics
3. Podcasting Market Trends And Strategies
4. Podcasting Market - Macro Economic Scenario
5. Podcasting Market Size And Growth
........
26. Africa Podcasting Market
27. Podcasting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Podcasting Market
29. Podcasting Market Future Outlook and Potential Analysis
30. Appendix
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