NEW YORK ,
March 26,
2024 /PRNewswire/ -- The Europe podcast
market size is estimated to grow by USD
1.127 billion at a CAGR of 27.5% between 2022 and
2027. The market is driven by increased smartphone usage and
internet accessibility. High-end smartphones and easy internet
access have made them indispensable, providing on-the-go access to
video and music content. Growing mobile internet subscriptions and
improved wireless standards enhance connectivity, particularly in
European markets like Germany, the
UK, France, and the Netherlands. Podcast providers are
adapting by offering mobile apps, facilitating easy access and
downloads, further boosting market growth.
Discover some insights on market size historic period (2017 to
2021) and Forecast (2023 to 2027) before buying the full report
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Report
Coverage
|
Details
|
Page number
|
160
|
Base year
|
2022
|
Historic
period
|
2017-2021
|
Forecast
period
|
2023-2027
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
27.5%
|
Market growth
2023-2027
|
USD 1127.66
million
|
Market
structure
|
Fragmented
|
YoY
growth 2022-2023(%)
|
24.23
|
Vendor Analysis
Vendor Landscape - The global podcast market in Europe is fragmented, with the presence of
several global as well as regional vendors. A few prominent vendors
that offer podcast in Europe in
the market are Alphabet Inc., Amazon.com Inc., Apple Inc.,
Audioboom Group plc, Block Inc., British Broadcasting Corp., CBS
Interactive Inc., Deezer SA, Funkwhale, Guardian News and Media
Ltd., hearthis.at, iHeartMedia Inc., Jamendo SA, Jango, Maple Media
LLC, Mixcloud Ltd., Sirius XM Holdings Inc., Sorted Ventures Ltd.,
SoundCloud Global Ltd. and Co. KG, and Spotify Technology SA and
others.
What's New? -
- Special coverage on the Russia-Ukraine war; global inflation; recovery
analysis from COVID-19; supply chain disruptions, global trade
tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints -
Strong
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Vendor Offerings -
- Amazon.com Inc: The company offers music
podcasts. It is also involved in retail sales of consumer
products.
For details on the vendor and its offerings
Request a sample report
Segment Overview
Technavio has segmented the market based on type, Type (Interviews,
Conversational, Solo, Panels, and Repurposed content), Genre (News
and politics, Society and culture, Comedy, Sports, and Others), and
Geography (Europe).
- The interviews segment is poised for significant growth due to
increased internet accessibility, allowing users to listen while
driving or on the move. Podcast interviews offer versatility,
enabling users to listen without needing to view their screens.
This segment, valued at USD 51.76
million in 2017, benefits from accessibility features,
aiding blind individuals and allowing listeners to adjust playback
speed. Leading European countries like the UK, Germany, and France drive consumption and production, with
many podcasters adopting a multilingual approach to cater to
diverse audiences.
For insights on global, regional, and country-level parameters
with growth opportunities from 2017 to 2027
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Market Dynamics
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. High-end smartphones and easy internet access
provide users with on-the-go entertainment. With rising mobile
internet subscriptions, providers are expanding distribution on
mobile platforms. This trend, coupled with affordable smartphones,
boosts demand, particularly in European markets. Additionally, the
adoption of wireless standards like 3G, 4G, and 5G enhances
internet bandwidth, fostering acceptance of online podcast
streaming services. Service providers now offer mobile applications
for easier access, contributing to market expansion.
- Smart speakers are driving podcast market growth. Innovations
from brands like Samsung and SONOS offer advanced streaming
capabilities, enabling multi-room listening and voice control via
mobile apps. Manufacturers are expanding product lines with new
variants, enhancing accessibility and convenience for
users.
- The intense competition among podcast service providers and
inconsistent user preferences is challenging the market
growth.
Driver, Trend & Challenges are the factor of market dynamics
which states about consequences & sustainability of the
businesses, find some insights from a
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What are the key data covered in this Podcast Market In
Europe report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of
the Podcast Market In Europe between 2023 and 2027
- Precise estimation of the size of the Podcast Market In Europe
size and its contribution to the market in focus on the parent
market
- Accurate predictions about upcoming trends and changes in
consumer behavior
- Growth of the Podcast Market In Europe industry across
Europe
- A thorough analysis of the market's competitive landscape and
detailed information about vendors
- Comprehensive analysis of factors that will challenge the
growth of Podcast Market In Europe vendors
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Analyst Review:
The European Podcast Market is experiencing rapid growth, driven
by various factors such as increasing consumer interest,
advertising revenue, and the popularity of podcasting as an
alternative to traditional radio. Podcast listenership continues to
rise, with a diverse range of players entering the market and
contributing to its segmentation and impact.
European podcasters and hosts are capitalizing on the
continent's rich content diversity, catering to listeners'
preferences across different genres and themes. The availability of
regional content, along with international markets, is fueling the
market's expansion, with over 1,000,000 podcasts accessible and 30
million audio episodes available.
Key players in the European podcast industry include
iHeartMusic, Tritron Digital, and various OTT platforms, which are
leveraging regional content and vocabulary services to cater to
specific audiences. Additionally, advancements in technology such
as Machine Learning (ML) and Artificial Intelligence (AI) are
enhancing content discovery and listener engagement.
The market's high competitiveness, coupled with factors like
increasing disposable income, mobile penetration, and cheaper data,
are driving its growth trajectory. This growth is further supported
by the podcast industry's revenue contributors, including the news
and politics segment, which remains a significant revenue driver.
Overall, the European podcast market presents ample opportunities
for players to capitalize on the continent's diverse listener base
and evolving content preferences.
Market Overview:
The Europe Podcast Market is experiencing rapid growth and
evolution, driven by various factors such as the emergence of
diverse podcast platforms, hosting services, and compelling content
created by a multitude of podcast creators. With a growing base of
listeners across the region, podcast genres span from entertainment
and education to news, technology, and beyond. Podcast advertising
and monetization strategies are becoming increasingly prevalent,
providing revenue opportunities for both creators and platforms.
Market trends and analysis indicate a robust growth trajectory,
with market research and forecasting highlighting promising
prospects for the future. Comprehensive market reports and
forecasts offer insights into the evolving landscape, while
analytics tools enable stakeholders to track performance and
optimize strategies. As the podcast market continues to mature,
innovation in distribution methods, content creation, and
monetization models is expected to drive further growth and trends
across Europe.
Related Reports:
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.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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