New York, According to a new market research report published by Global Insight Services “Podcasting Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Podcasting technology refers to the process and equipment used to create, distribute, and consume podcasts. Podcasting is a form of audio content that can be downloaded and listened to on a portable media player, computer, or smartphone.
The first podcast was created in 2004, and since then the popularity of podcasting has grown exponentially. There are now millions of podcasts available on a wide variety of topics, and new podcasts are being created every day.
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Key Trends
Over the past few years, podcasting has become an increasingly popular way to consume audio content. This is largely due to the fact that it is a very convenient format – you can listen to podcasts while doing other things, such as commuting or doing household chores. Additionally, there are now many ways to listen to podcasts, such as on your smartphone, tablet, or even smart speaker.
One of the key trends in podcasting technology is the growth of smart speakers. These devices, such as the Amazon Echo and Google Home, are becoming increasingly popular in homes around the world. This is because they offer a hands-free way to listen to audio content, including podcasts. Additionally, smart speakers are becoming more and more affordable, which is helping to drive their growth.
Key Drivers
Key drivers of the growth of podcasts
1. The rise of smartphones and other mobile devices.
2. The increasing number of people who are commuting to work or taking long car journeys.
3. The increasing number of high-quality podcasts available.
Market Segments
By Genre
- News & Politics
- Society & Culture
- Comedy
- Sports
- Others
By Format
- Interviews
- Panels
- Solo
- Repurposed Content
- Conversational
Key Players
- Apple
- Spotify
- iHeartRadio
- NPR
- Stitcher
- Pandora
- TuneIn
- Acast
- Castbox
- Himalaya
- Pocket Casts
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Reasons to buy Podcasting Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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