Podcasting Market Size & Share, by Genre (News & Politics, Society & Culture, Comedy, Sports); Format Area - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6477
  • Published Date: Sep 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Podcasting Market size is evaluated at USD 31.1 billion in 2024 and is expected to reach USD 197.9 billion by the end of 2037, registering around 15.3% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of podcasting is estimated at USD 35.8 billion.

The podcasting market is experiencing growth, attributed to the rising utilization of podcasts in educational contexts as a learning resource. Podcasts provide a flexible way for learners to access educational content anytime, enhancing convenience. Institutions and educators are increasingly producing podcasts to supplement traditional learning, covering a wide range of topics. Moreover, audio content caters to auditory learners and allows for multitasking, making learning more adaptable. Worldwide, there are more than 546 million listeners to podcasts. Around 47% of the U.S. population aged 12 and over listen to podcasts once a month or more.

Also, a surge in enrollment in online learning courses is escalating market growth. For instance, according to the World Economic Forum, Coursera, an online learning platform, registered 20 million new students in 2021.  The rise in online education creates a demand for a variety of subjects and expert insights, prompting more educational podcasts to emerge.


Podcasting Market
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Podcasting Sector: Growth Drivers and Challenges

Growth Drivers

  • Expanding diverse audience engagement: Engaging a diverse audience opens up new listener demographics, increasing the overall reach of podcasts. This can lead to higher listener numbers and, consequently, more advertising revenue. Media firms and networks are investing in high-quality, professionally produced podcasts to attract listeners and differentiate from the competition, resulting in more original content.

    Also, podcast production businesses and platforms are investing in cutting-edge tools and resources to support producers as the industry grows. Many podcasts now prioritize diversity and inclusiveness in their content. These trends will drive the podcasting industry in the future. For instance, Cue Podcasts, a full-service podcast production agency, specializes in creating high-quality podcasts for a wide range of clients, ensuring that each production connects with its intended audience through meticulous planning, creative expression, and effective marketing. Cue Podcasts has worked with a wide range of customers, including Roc Nation, Utopia Music, and The University of Manchester, demonstrating their ability to handle a variety of themes and audiences.
  • Increased integration of AI-powered technology: Artificial intelligence (AI) is revolutionizing content creation and delivery. The advancement of AI technology for automated editing, transcribing, and other content suggestion services is fueling the market's expansion. These AI skills are used by podcast creators to stay up-to-date with changes in optimization and content creation. The industry is driven by software programs that use AI to create podcasts with content for the internet and music streaming services. For instance, Spotify and Apple podcasts use AI algorithms to analyze listening habits and suggest personalized content, improving user experience and retention.

    Furthermore, AI can generate subtitles and translations, making podcasts accessible to a wider audience, including those with hearing impairments or non-native speakers.
  • Growing promotions with social media marketing: Podcasters can effectively promote their content by using the tools and methods provided by social media marketing. Social media enables real-time engagement with listeners. Polls, Q&A sessions, and comments foster a sense of community and loyalty. Encouraging listeners to share their thoughts and experiences creates organic promotion and strengthens community ties. Platforms such as Facebook and Instagram offer targeted advertising, allowing podcasters to reach specific demographics based on interests and behaviors, ensuring efficient promotional efforts.

Challenges

  • Overcrowded space: With millions of podcasts accessible, it is more difficult for new shows to get traction. This can lead to many quality podcasts going unnoticed. The sheer volume of content can overwhelm potential listeners, causing them to disengage or stick to familiar favorites, limiting exploration of new podcasts.
  • Technological barriers: New podcasters often face challenges in mastering recording, editing, and mixing software, which can be daunting for those without technical backgrounds. High-quality microphones, headphones, and recording equipment can be expensive, discouraging potential podcasters from entering the market. Moreover, inadequate knowledge about sound engineering can lead to poor audio quality, which may turn off listeners.

Podcasting Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

15.3%

Base Year Market Size (2024)

USD 31.1 billion

Forecast Year Market Size (2037)

USD 197.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Podcasting Segmentation

Format Area (Interviews, Panels, Solo, Repurposed Content, Conversational)

The interviews segment is predicted to capture around 32.4% podcasting market share by the end of 2037. The segment’s growth can be attributed to the interview podcasts' distinctiveness and novelty. The guests or invitees on each episode provide the audience with interesting and captivating content, creative ideas, and unique experiences. In addition, the interview method encourages a broad spectrum of ideas and opinions, which leads to stimulating discussions and heightened audience involvement.

Additionally, the solo segment is estimated to gain a significant share by 2037. Someone with experience or expertise in a given sector creates this format for the content. Solo podcasts facilitate the formation of a direct interaction with the listener. As the industry grows, individual performers are turning to solo podcasting for its benefits, which requires only a microphone and basic editing software.

Genre (News & Politics, Society & Culture, Comedy, Sports)

By 2037, news & politics segment is expected to hold more than 30.2% podcasting market share. Audiences increasingly seek quick, digestible insights on breaking news and political developments, making podcasts an appealing format for timely updates. According to a report by the Pew Research Center, news organizations are associated with 44% of the top podcasts about politics and government and 36% of those about sports. The segment growth is driving the podcasting market, as it caters to an audience eager for information, diverse viewpoints, and engaging discussions. The vitality and relevance of the segment will continue to drive new listeners and expand the podcasting landscape.

Our in-depth analysis of the market includes the following segments:

Genre

  • News & Politics
  • Society & Culture
  • Comedy
  • Sports

Format Area

  • Interviews
  • Panels
  • Solo
  • Repurposed Content
  • Conversational

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Podcasting Industry - Regional Synopsis

North America Market Statistics

North America in podcasting market is set to capture over 38.5% revenue share by 2037. The market is flourishing due to the growing adoption of advanced technology and a surging audience base. Also, this region has a thriving podcasting industry with many well-known platforms, a sizable market for advertising, and a high smartphone penetration rate.

In the U.S., the effectiveness of podcasts as a medium for brand messaging is becoming increasingly apparent to media buyers, which is driving further growth in the podcasting market. In 2024, the value of the U.S. industry alone surpassed USD 4 billion due to the continued growth of podcast advertising worldwide. Simultaneously, a new study from Acast found that 65% of U.S. marketers anticipate raising their podcast marketing budget, and when considering marketers who have already bought podcast advertisements

In Canada, the audience's size and level of involvement are growing. According to research conducted by Acast, there are now additional chances for companies to interact with these audiences on social media, since 67% of Canadian listeners reported that they follow podcasters. Publishers focus on enhancing their advertising offerings, and businesses integrate the on-demand audio podcast approach into their platforms.

APAC Market Analysis

Asia Pacific will witness huge growth in the podcasting market during the forecast period. The market growth can be credited to the rising popularity of smartphones and the expanding need for content across various genres and languages in the region. Podcast usage is further boosted by government measures to encourage digital literacy and audio content; local and international players are capitalizing on this opportunity by providing content that speaks to the region's distinct cultural and linguistic diversity.

In China, podcast platforms are collaborating with creators to create appealing content and increase the number of listeners. The growth of branded podcasts is another trend in the industry. For instance, in March 2023, China Airlines partnered with SoundOn, the leading brand in Taiwan's audio sector, to introduce brand-new, premium podcast content for in-flight entertainment systems. Also, businesses have recognized that podcasts may be an effective marketing tool for connecting with their target audience genuinely and engagingly.

In India, the availability of reasonably priced smartphones and inexpensive mobile data contracts have greatly aided the country's quick development. Indian listeners have responded well to local language podcasts on genres ranging from philosophy to entertainment. To meet this increasing demand, Indian businesses and public broadcasters are improving their audio offerings.

The podcasting market in South Korea is witnessing expansion due to the growing need for digital audio content in an area renowned for its rich storytelling culture and oral traditions. Podcasts are becoming more widely accessible due to increased smartphone adoption and better internet connectivity. According to the Electronic Frontier Foundation, there are currently 4 million 5G subscribers in South Korea as per the telecom industry.

Research Nester
Podcasting Market Size
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Companies Dominating the Podcasting Landscape

    The market is fragmented, with major players such as audiovisual organizations offering creative content, and individual publishers producing native podcasts for multiple regional markets. The need for multilingual content is due to the increasing need to serve audiences from around the world who speak different languages. To diversify their product offerings, major firms are giving priority to new product launches.

    • Amazon.com, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Apple, Inc.
    • iHeartMedia Inc.
    • Hindenburg Systems
    • Pandora Media, LLC
    • TuneIn, Inc.
    • Audacy, Inc.
    • Sound Cloud Limited
    • Spotify AB
    • Podcastle, Inc.

In the News

  • In March 2024, Apple, Inc. introduced Apple Podcasts with transcripts, allowing users to read episodes, search for specific words, and play the podcast from a chosen point in the episode. 
  • In June 2022, Amazon.com, Inc. launched a new podcast called This Is Small Business, which revealed key turning points in American small business owners' paths to success. Every new episode centers on the most important obstacles that small business owners have encountered and how they overcame them to grow their companies.

Author Credits:  Abhishek Verma


  • Report ID: 6477
  • Published Date: Sep 26, 2024
  • Report Format: PDF, PPT
Podcasting Market Report Scope
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