The global podcasting market size was valued at USD 11.46 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 31.1% from 2021 to 2028. Podcasting, also known as radio on demand, is a pre-recorded digital program that users can listen to or watch online through a subscription or download as a file on a playback device. The flexibility of listening to podcasts while doing other activities simultaneously is driving the market growth. Moreover, podcasting is widely used in teaching and educational learning as it offers an effortless delivery of audio learning resources.
Podcasting is the preparation and distribution of audio files using RSS to the computers of subscribed users. These files may then be uploaded to digital music or multimedia players like the iPod. A podcast can be easily created from a digital audio file. The podcaster first saves the file as an MP3 and then uploads it to the Web site of a service provider. The MP3 file gets its own URL, which is inserted into an RSS XML document as an enclosure within an XML tag.
Podcasting was developed in 2004 by former MTV video jockey Adam Curry and software developer Dave Winer. Curry wrote a program called iPodder that can automatically download Internet radio stations to your iPod. Several developers improved his idea and the podcast was officially born. Curry has hosted several popular podcasts, most recently a show called No Agenda.
Top Key Players studied in Global Podcasting Market:
Amazon.com, Inc.
Apple, Inc.
iHeartMedia Inc.
Megaphone LLC
Pandora Media, LLC
Audacy, Inc.
Soundcloud Limited
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The study needed to concentrate on Leading manufacturers environments, and analysis for its market that is Global Podcasting. The report centered on sections and the trends which influence or drive the development of the business Along with exploring regions. The researchers focused on development tendencies in addition to the sector. The players are Focusing on acquisitions and mergers approaches create earnings and to acquire a foothold on the industry. Additionally, the marketplace is anticipated to quicken alliances which are implemented across the globe as a result of exponential need for Global Podcasting over companies and businesses.
Product Segment Analysis: Types
Application Segment Analysis: Applications
Regional Segment Analysis:
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
The market is characterized by several players, including audiovisual groups creating innovative content and independent publishers producing native podcasts. The participants analyzed in this report are implied as the digital audio platforms offering content to the audiences. Prominent media players are collaborating with creators and independent publishers to offer original and raw content to capture a more significant audience share. For instance, in June 2020, Pandora Media, Inc. announced its collaboration with FOX News Network, LLC, a U.S.-based audio streaming service provider.
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This record provides a comprehensive Summary of a company profile of players and international Market's arena. Utilizing industry standard tools and analysts at the report, analysis quantify weaknesses and threats in businesses. The industry report covers all crucial parameters like product creation, market plan for businesses and market and development specialist perspectives, sales creation, the research and market share.
KEY aspects covered in the report include:
1. The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Global Podcasting market in the forecast period 2020-2026
3. Key companies operating in the global Global Podcasting market and their market share
4. The Factors that are estimated to drive the Global Podcasting Market growth
5. Key opportunities in the Global Podcasting market
6. Key technological advancements and market trends that shape the market
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