Report ID: UCMIG50U2002
Report ID:
UCMIG50U2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global podcasting market experienced substantial growth in recent years, with a value of USD 18.52 billion recorded in 2022. This upward trend is projected to continue, as the market is expected to expand at a compound annual growth rate (CAGR) of 27.6% from 2023 to 2030. Factors contributing to this growth include the rising popularity of podcasts as a form of entertainment and information consumption, technological advancements that have made podcasts more accessible and user-friendly, and the increasing number of content creators entering the podcasting space. With such promising growth prospects, the podcasting industry is poised to become a significant player in the global media landscape in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Broadcasting by segment aggregation, the contribution of the Broadcasting in Media & Entertainment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG50U2002