Europe's Podcast Market Size to Grow by USD 1.13 billion from 2023 to 2027, Rising penetration of smartphones to boost market growth, Technavio
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Tuesday, March 26, 2024
Apple Inc., Internet access, Podcast, Alphabet Inc., Amazon (company), Conversation, USD, Artificial intelligence, Interview, Media, Risk, OTT, Education, SONOS, Radio, Comedy, Machine learning, Internet, Paramount Streaming, App Store (iOS/iPadOS), News, Politics, Samsung, Advertising, Jango, Culture, Forecasting, Growth, BBC, Music, Mobile phone
This segment, valued at USD 51.76 million in 2017, benefits from accessibility features, aiding blind individuals and allowing listeners to adjust playback speed.
Key Points:
- This segment, valued at USD 51.76 million in 2017, benefits from accessibility features, aiding blind individuals and allowing listeners to adjust playback speed.
- The rising penetration of smartphones and easy access to the internet is notably driving the market growth:
The increasing smartphone penetration and internet accessibility drive market growth. - The global podcast market size is estimated to grow by USD 15.7 billion between 2023 and 2028, accelerating at a CAGR of 29.08%.
- The music market size is forecast to increase by USD 70.02 Billion at a CAGR of 12.57% between 2023 and 2028.