Global Podcasting Market was Valued at US$ 14,446.5 Million in 2019 and is Expected to Grow at a CAGR of 24.3% From 2020 to 2027

-
Podcasting
Podcasting

A podcast is an episodic collection of digital audio files that a user can listen to on their own devices or download to their computers. Various streaming and podcasting application services offer a sophisticated way to manage one's personal consumption queue. Apple Podcasts, Google Podcasts, Spotify, TuneIn Radio, Stitcher, and other popular podcasting platforms are just a few examples. Aside from entertainment, popular brands use podcasting to communicate with a captive audience. Companies and brands can tell their stories from anywhere using podcasting, which helps them establish their authority in the industry.

During the forecast period, the global Podcasting Market is expected to grow due to the increasing proliferation of smartphones and low-cost internet. Smartphone adoption has risen dramatically in recent years in both developed and emerging economies. Smartphone penetration in rural India increased from 9% in 2015 to 25% in 2018, according to a report released by the Indian Cellular and Electronics Association and KPMG. 

By 2022, India is expected to have around 820 million smartphone users, according to the same source. Furthermore, internet penetration has increased. According to the 2018 Ericsson Mobility Report, there were approximately 7.9 million mobile broadband subscriptions worldwide. As a result, audiobooks and podcasts are now available to a large number of people. As a result, these factors are expected to propel the global market for podcasting forward over the forecast period.

Over the forecast period, the Global Podcasting Market is Expected To Grow due to an increase in the number of podcasts created each year. Because of technological advancements, the number of podcasts produced has increased significantly over time. According to Edison Research's Infinite Dial report, over 700,000 podcasts and 29 million podcast episodes were created in 2019, a 27 percent increase from 2018. 

According to a February 2018 article by Variety, Apple Podcasts has over 500,000 active podcasts with content in over 100 languages. Large corporations have begun to focus on podcasts, making significant investments for a variety of reasons. As a result, over the forecast period, these factors are expected to propel the global Podcasting Market forward.

Comments

Post a Comment

Popular posts from this blog

Endometrial Ablation Market Analysis, Industry Scope, Global Opportunity Analysis and Forecast Till 2027

-
Image
Endometrial Ablation Market Endometrial ablation is a procedure used to treat abnormally high uterine bleeding that cannot be managed by medicine by facilitating the destruction of the endometrium, a thin layer of the uterine wall. According to the American College of Obstetrics and Gynecology, Endometrial Ablation Market is not indicated for women who have endometrial diseases, endometrial hyperplasia, uterine cancer, a recent pregnancy, and specific uterine infections (ACOG). There are various endometrial ablation procedures available, including radiofrequency, heated fluid, heated balloon, electrosurgery, freezing, and microwave ablation techniques, depending on the technique and kind of patient being treated. The easy access to recently developed sophisticated ablation technology, convenience of use, shorter treatment times, and outpatient facilities, North America dominates the Endometrial Ablation Market . Endometrial ablation devices would see a sharp rise in global adoption d...
Read more

Intravenous Fluid Therapy is the Fastest Growing Segment Fueling the Growth of Intravenous Solutions Market

-
Image
Intravenous Solutions Market The global Intravenous Solutions Market is estimated to be valued at US$ 577,228 bn or Million in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Intravenous solutions are fluids administered through a vein via a needle or catheter. They are often used to provide essential nutrients, medications, or fluids to patients. Common uses include rehydration, correcting electrolyte imbalances, and ensuring nutrition is delivered for patients who cannot eat or absorb nutrients through the digestive system. Market key trends: One of the major trends in the intravenous solutions market is the increasing use of intravenous fluid therapy. Intravenous fluid therapy involves the administration of aqueous solutions containing electrolytes, sugars, and medications through an intravenous catheter. It is widely used for rehydration, maintenance of f...
Read more

Artificial Intelligence And Machine Learning Are Fueling Growth Of Assessment Services Market

-
Image
Assessment Services Market The global Assessment Services Market is estimated to be valued at US$ 14.83 Bn in 2022 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Assessment services help companies evaluate candidates for recruitment based on attributes like critical thinking, decision making, problem solving etc. Employers use these tools to hire best talent aligned with organizational goals and culture. Services include cognitive ability tests, personality tests, situational judgement tests, remote proctoring and AI powered video interviews. Market key trends: The growing adoption of data-driven talent selection strategies coupled with developments in AI and machine learning is driving demand for assessment services. Use of algorithms and neural networks powered by big data helps analyze candidate attributes and person-organization fit more objectively. Virtual asses...
Read more