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new york , March 26, 2024 /PRNewswire/ — Europe podcast market This market size is estimated to grow by USD 1,127 million between 2022 and 2027 at a CAGR of 27.5%. This market is driven by the increasing usage of smartphones and ease of access to the internet. High-end smartphones and easy internet access have made smartphones essential for accessing video and music content on the go. An increase in the number of mobile internet subscriptions and improvements in wireless standards are enhancing connectivity, especially in European markets. GermanyEngland, Franceand Netherlands. Podcast providers are adapting by offering mobile apps to facilitate easy access and downloads, further driving market growth.
Check out the market size historical period (2017-2021) and forecast (2023-2027) insights before purchasing the full report.
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Report scope |
detail |
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page number |
160 |
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base year |
2022 |
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historical era |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum and CAGR |
Accelerating at a CAGR of 27.5% |
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Market Growth 2023-2027 |
1,127.66 million dollars |
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market structure |
fragmented |
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Year-on-year growth rate 2022-2023(%) |
24.23 |
vendor analysis
Vendor Landscape – Global Podcast Market Europe is fragmented, with multiple global and regional vendors.Some prominent vendors offering podcasts Europe Market participants include Alphabet Inc., Amazon.com Inc., Apple Inc., Audioboom Group plc, Block Inc., British Broadcasting Corp., CBS Interactive Inc., Deezer SA, Funkwhale, and Guardian News and Media. Ltd., heartis. iHeartMedia Inc., Jamendo SA, Jango, Maple Media LLC, Mixcloud Ltd., Sirius XM Holdings Inc., Sorted Ventures Ltd., SoundCloud Global Ltd. and his Co. KG, Spotify Technology SA, and others.
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Special coverage on Russia–ukraine War; Global Inflation. Recovery analysis from the new coronavirus infection. Supply chain disruptions and global trade tensions.and the risk of recession
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Global competitiveness and position of major competitors
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Market presence across multiple geographic locations – strong
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Vendor’s products –
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Segment overview
Technavio is organized by type (interviews, conversations, solos, panels, recycled content), genre (news & politics, society & culture, comedy, sports, other), geography (Europe).
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The interview segment is expected to grow significantly as improved access to the internet allows users to listen while driving or on the go. Podcast interviews are versatile and allow users to listen without looking at the screen.The value of this segment is $51.76 million In 2017, it benefited from accessibility features to help the visually impaired and allow listeners to adjust playback speed. developed countries in Europe, including the UK, Germanyand France To encourage consumption and production, many podcasters are adopting a multilingual approach to cater to diverse audiences.
To gain insight into global, regional and country-level parameters with growth opportunities from 2017 to 2027
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Market trend
Rising smartphone penetration and easy access to the internet are significantly driving the market growth.
The proliferation of smartphones and increasing access to the internet will drive market growth. High-end smartphones and easy internet access allow users to enjoy entertainment on the go. As the number of mobile internet subscriptions increases, providers are expanding their distribution on mobile platforms. This trend, coupled with affordable smartphones, is driving demand, especially in the European market. Additionally, the adoption of wireless standards such as 3G, 4G, and 5G will enhance internet bandwidth and drive acceptance of online podcast streaming services. Service providers now offer mobile applications that facilitate access and contribute to the expansion of the market.
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Smart speakers are driving growth in the podcast market. Innovations from brands like Samsung and his SONOS offer advanced streaming capabilities, allowing for multi-room listening and voice control via mobile apps. Manufacturers are expanding their product lines with new variations to increase accessibility and convenience for users.
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Intense competition among podcast service providers and inconsistent user preferences are hindering market growth.
Drivers, trends, and challenges are the market dynamics factors that indicate business results and sustainability.
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What are the key data covered in this European Podcast Market report?
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CAGR of the market during the forecast period
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Detailed information on the factors driving the growth of the European Podcast Market from 2023 to 2027
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Accurate estimation of European podcast market size and its contribution to the market, focusing on the parent market
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Accurate predictions about upcoming trends and changes in consumer behavior
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Podcast market growth across European industries Europe
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Thorough analysis of the competitive landscape of the market and detailed information about vendors
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Comprehensive analysis of factors hindering the growth of the European vendor podcast market
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Analyst reviews:
The European podcast market is growing rapidly due to a variety of factors, including increasing consumer interest, advertising revenue, and the popularity of podcasting as an alternative to traditional radio. Podcast listenership continues to grow, and different players have entered the market, contributing to its fragmentation and influence.
European podcasters and hosts tap into the continent’s rich content diversity and cater to listener tastes across a variety of genres and themes. Local content and access to international markets are driving market expansion, with access to over 1 million podcasts and 30 million audio episodes available.
Key players in the European podcast industry include iHeartMusic, Tritron Digital, and various OTT platforms that leverage regional content and vocabulary services to cater to specific audiences. Additionally, advances in technology such as machine learning (ML) and artificial intelligence (AI) are enhancing content discovery and listener engagement.
High competitiveness of the market and factors such as rising disposable income, mobile penetration, and cheap data are driving the growth trajectory of the market. This growth is further supported by the podcast industry’s revenue contributors, including the news and politics sector, which remains a significant revenue driver. Overall, the European podcast market offers ample opportunity for players to take advantage of the continent’s diverse listener base and evolving content tastes.
Market overview:
The European podcast market is rapidly growing and evolving due to a variety of factors, including the emergence of diverse podcast platforms, hosting services, and engaging content created by a large number of podcast creators. With a growing listenership across the region, podcast genres range from entertainment and education to news, technology and more. Podcast advertising and monetization strategies are becoming increasingly popular, providing revenue opportunities for both creators and platforms. Market trends and analysis indicate a strong growth trajectory, and market research and forecasts highlight promising prospects for the future. Comprehensive market reports and forecasts provide insight into the evolving landscape, and analytical tools allow stakeholders to track performance and optimize strategies. As the podcast market continues to mature, innovations in distribution methods, content creation, and monetization models are expected to drive further growth and trends in the overall podcast market. Europe.
Related reports:
of global podcast market Its size is estimated to increase by USD 15.7 billion between 2023 and 2028, accelerating at a CAGR of 29.08%.
of music market Its size is projected to grow by USD 70.02 billion between 2023 and 2028 at a CAGR of 12.57%.
About us
Technavio is the world’s leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market position. Offers. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries, and growing. The company’s customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and gain a competitive advantage within the changing market scenario. is evaluating its status.
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