According to a new report Global Podcasting Market, published by KBV research, The Global Podcasting Market size is expected to reach $41.8 billion by 2026, rising at a market growth of 24.6% CAGR during the forecast period.
The news and politics segment represented the highest share of revenue in 2019, due to the most of clients observed to be listening to these podcast genres every day. Since its origin, news and politics have opened the way for hosts and makers to accompany new styles for conveying to the crowd with exclusive content on current issues. The sports segment is anticipated to grow at the significant CAGR over the forecast period. With the more noteworthy number of ardent sports supporters around the world, sports podcasts are picking up prominence. Sportscasters are concocting daily topics and are offering conversational content by welcoming popular personalities from the sports section to engage the audience members.
The format of the interview represented a higher revenue share in 2019 and is anticipated to keep ruling the market for Podcasts over the forecast period. This format of the podcast is referred to as a facilitator wherein the host is regular, and new visitors are welcomed in every episode. The predominant portion of the interview format is ascribed to the inventiveness and crudeness of the podcasts where every visitor or invitees in each episode carries with him new thoughts, experiences, content, and leanings that end up being connecting and motivating for the audience members.
North America represented the highest revenue share in 2019 and is foreseen to hold its dominance over the forecast period. This is ascribed to the early acceptance of recent advances and the presence of a diversified audience base of all age groups in the area. The Latin American market for the Podcast is anticipated to witness the quickest CAGR of over the forecast period.
Structural Insights: https://www.kbvresearch.com/podcasting-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon.com, Inc., Apple, Inc., Sirius XM Holdings, Inc. (Pandora Media, Inc.), Spotify Technologies S.A., Entercom Communications Corporation (Radio.com), The Adecco Group, iHeartMedia, Inc. (Thomas H. Lee Partners), TuneIn, Inc., Megaphone LLC (The Slate Group), and SoundCloud Ltd.
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