Podcasting Market size is evaluated at USD 31.1 billion in 2024 and is expected to reach USD 197.9 billion by the end of 2037, registering around 15.3% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of podcasting is estimated at USD 35.8 billion.
The podcasting market is experiencing growth, attributed to the rising utilization of podcasts in educational contexts as a learning resource. Podcasts provide a flexible way for learners to access educational content anytime, enhancing convenience. Institutions and educators are increasingly producing podcasts to supplement traditional learning, covering a wide range of topics. Moreover, audio content caters to auditory learners and allows for multitasking, making learning more adaptable. Worldwide, there are more than 546 million listeners to podcasts. Around 47% of the U.S. population aged 12 and over listen to podcasts once a month or more.
Also, a surge in enrollment in online learning courses is escalating market growth. For instance, according to the World Economic Forum, Coursera, an online learning platform, registered 20 million new students in 2021. The rise in online education creates a demand for a variety of subjects and expert insights, prompting more educational podcasts to emerge.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
15.3% |
Base Year Market Size (2024) |
USD 31.1 billion |
Forecast Year Market Size (2037) |
USD 197.9 billion |
Regional Scope |
|
Format Area (Interviews, Panels, Solo, Repurposed Content, Conversational)
The interviews segment is predicted to capture around 32.4% podcasting market share by the end of 2037. The segment’s growth can be attributed to the interview podcasts' distinctiveness and novelty. The guests or invitees on each episode provide the audience with interesting and captivating content, creative ideas, and unique experiences. In addition, the interview method encourages a broad spectrum of ideas and opinions, which leads to stimulating discussions and heightened audience involvement.
Additionally, the solo segment is estimated to gain a significant share by 2037. Someone with experience or expertise in a given sector creates this format for the content. Solo podcasts facilitate the formation of a direct interaction with the listener. As the industry grows, individual performers are turning to solo podcasting for its benefits, which requires only a microphone and basic editing software.
Genre (News & Politics, Society & Culture, Comedy, Sports)
By 2037, news & politics segment is expected to hold more than 30.2% podcasting market share. Audiences increasingly seek quick, digestible insights on breaking news and political developments, making podcasts an appealing format for timely updates. According to a report by the Pew Research Center, news organizations are associated with 44% of the top podcasts about politics and government and 36% of those about sports. The segment growth is driving the podcasting market, as it caters to an audience eager for information, diverse viewpoints, and engaging discussions. The vitality and relevance of the segment will continue to drive new listeners and expand the podcasting landscape.
Our in-depth analysis of the market includes the following segments:
Genre |
|
Format Area |
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North America Market Statistics
North America in podcasting market is set to capture over 38.5% revenue share by 2037. The market is flourishing due to the growing adoption of advanced technology and a surging audience base. Also, this region has a thriving podcasting industry with many well-known platforms, a sizable market for advertising, and a high smartphone penetration rate.
In the U.S., the effectiveness of podcasts as a medium for brand messaging is becoming increasingly apparent to media buyers, which is driving further growth in the podcasting market. In 2024, the value of the U.S. industry alone surpassed USD 4 billion due to the continued growth of podcast advertising worldwide. Simultaneously, a new study from Acast found that 65% of U.S. marketers anticipate raising their podcast marketing budget, and when considering marketers who have already bought podcast advertisements
In Canada, the audience's size and level of involvement are growing. According to research conducted by Acast, there are now additional chances for companies to interact with these audiences on social media, since 67% of Canadian listeners reported that they follow podcasters. Publishers focus on enhancing their advertising offerings, and businesses integrate the on-demand audio podcast approach into their platforms.
APAC Market Analysis
Asia Pacific will witness huge growth in the podcasting market during the forecast period. The market growth can be credited to the rising popularity of smartphones and the expanding need for content across various genres and languages in the region. Podcast usage is further boosted by government measures to encourage digital literacy and audio content; local and international players are capitalizing on this opportunity by providing content that speaks to the region's distinct cultural and linguistic diversity.
In China, podcast platforms are collaborating with creators to create appealing content and increase the number of listeners. The growth of branded podcasts is another trend in the industry. For instance, in March 2023, China Airlines partnered with SoundOn, the leading brand in Taiwan's audio sector, to introduce brand-new, premium podcast content for in-flight entertainment systems. Also, businesses have recognized that podcasts may be an effective marketing tool for connecting with their target audience genuinely and engagingly.
In India, the availability of reasonably priced smartphones and inexpensive mobile data contracts have greatly aided the country's quick development. Indian listeners have responded well to local language podcasts on genres ranging from philosophy to entertainment. To meet this increasing demand, Indian businesses and public broadcasters are improving their audio offerings.
The podcasting market in South Korea is witnessing expansion due to the growing need for digital audio content in an area renowned for its rich storytelling culture and oral traditions. Podcasts are becoming more widely accessible due to increased smartphone adoption and better internet connectivity. According to the Electronic Frontier Foundation, there are currently 4 million 5G subscribers in South Korea as per the telecom industry.
The market is fragmented, with major players such as audiovisual organizations offering creative content, and individual publishers producing native podcasts for multiple regional markets. The need for multilingual content is due to the increasing need to serve audiences from around the world who speak different languages. To diversify their product offerings, major firms are giving priority to new product launches.
Author Credits: Abhishek Verma
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