Global Podcasting Market has valued approximately at USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2027. In recent years, podcasting is gaining a lot of traction as a result of podcast production studios are increasingly concerned with producing and distributing their own content to other listening platforms, such as Spotify and Apple Podcasts. Podcasting is a means of distributing audio files through the Internet. For podcasting, a podcast is used as an audio file that a user can download from the Internet platforms, frequently in MP3 format. After a podcast has been transferred, it can be attended on a computer or can be sent to any portable electronic device, such as an iPod or other Portable Media Player (PMP), a smartphone, or a Personal Digital Assistant (PDA). Further, the acceptance of this audio broadcasting content was a steady process while its inception in the initial 2000s. With the introduction of smartphones, high bandwidth, and recently, personal digital assistants have paved the way for this industry and refurbished from niche media to mainstream music mediums. The rising penetration of smartphones and the internet around the world, along with the increasing interest among people towards music and audio content are few other factors responsible for the market growth over the forecast period. According to Statista, in 2017, the total smartphone unit shipments around the world were about 1.6 billion units, demonstrating an increase of 7.17% from 2014 which holds almost 1.3 billion-unit smartphone shipments. Also, according to International Data Corporation, smartphone vendors shipped a total of 369.8 million units around the world during the fourth quarter of 2019. Therefore, the rise in demand for smartphones may create huge demand for podcasts thereby, accelerating the growth of the market during the forecast period. However, the high cost and low storage space issues are the major factors limiting market growth over the forecast period of 2020-2027.
The regional analysis of the global Podcasting market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of modern technologies, along with the high availability of a diverse listener base of all age groups in the region. Whereas Latin America is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rapidly growing penetration of digital devices, with the rise in popularity and availability of podcast contents, would create lucrative growth prospects for the Podcasting market across the Asia-Pacific region.
Major market player included in this report are:
Apple Inc.
iHeartMedia, Inc.
Megaphone LLC
Pandora Media, LLC
Entercom Communications Corporation
SoundCloud
Spotify AB
Stitcher Radio
TuneIn, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Genre:
News & Politics
Society & Culture
Comedy
Sports
Repurposed Content
By Format:
Interviews
Panels
Solo
Conversational
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year-2017, 2018
Base year-2019
Forecast period-2020 to 2027
Target Audience of the Global Podcasting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
For More Information on the Research Report, refer to below links: –
Future of Global Podcasting Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249