Global Podcasting Market size to grow at CAGR 31.2%, market value to reach USD 153.07 Billion by 2030
Acumen Research and Consulting
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According to research conducted by Acumen Research and Consulting global podcasting market size is expected to reach at a market value of USD 153,071 million by 2030 and it is forecasted to reach at a CAGR of 31.2% during 2022 to 2030.?
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A program broadcasted digitally which facilitates consumer to stream or listen digital content by registering or buying subscription or downloading files to a playback device is known as podcasting or a radio on demand. The main drivers for growing podcasting market are the rising favorability of podcasting and the widely spread accessibility of audio on demand technologies. As per the analysis on podcasting market, globally the podcasting market will be propelled by the continuous demand for lesser hurdlers for producers and also the increase in consumer’s want regarding informational streaming channels with trend of listening while gardening, travelling, walking, exercise and cleaning.?
Market dynamics of podcasting market?
The rapid technological development, widely spread entertainment sector, adaptability of listening to podcasts while finishing everyday tasks are supporting the growth of podcast market. Throughout the COVID-19 pandemic podcasting has been widely used for teaching or instructional learning as it provides fluent delivery of educational content. In past years podcasts were only accessible via smartphones, big radio, iPods, music players and streaming shows. Phones with limited features and traditional technology prevents users from listening podcast content. Although during the past five years, popularity of a well defined technique has grown for podcasting.?
Regional analysis of podcasting market?
In 2021 North America was estimated to hold a leading position in the global podcasting market. The importance of the region can be imputed due to its sophisticated consumer base and quick adoption of technological changes. Upgradation of revenue sources and implementation of platforms involving podcasting approach of audio on demand has been observed to be adapted by content providers. Moreover, the U.S is expected to hold a notable share of the global podcasting market. ?
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