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Podcast Hosting Services Market (Revenue Stream - Advertising, Hosting Services, Audio Content Creation, and Others; Genre - News, Entertainment, Sports, Business, Education, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : ICT003102

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the podcast hosting services market provides in-depth analysis of segments and sub-segments in the global as well as regional podcast hosting services market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional podcast hosting services market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global podcast hosting services market. According to the report, the global podcast hosting services market is projected to grow at a CAGR of more than 30% over the forecast period of 2021-2027.

 

Market Insight

The revenue generated by the podcast hosting services market was approximately USD 6820 million in 2021 and is expected to reach USD 42,797 million in 2027 and is expected to grow with a CAGR of more than 30% over the forecast period of 2021-2027. A podcast, in greater depth, is a collection of spoken word and audio episodes centered on a single topic or theme, such as startups, finance, business, news, politics, and others. Podcasts are a speedily expanding audio-only medium that involves new designs of usage and new communicative concords, as well as motivating research in a variety of new directions. A person may subscribe to the podcast using an app on their smartphone and listen to episodes on headphones, through speakers, or in their car whenever they feel like it. In recent times, a lot of individuals have started podcasting on a diverse range of topics, ranging from business to politics, and have taken it as a full-time career, which has greatly increased the need for podcast hosting services. Podcasting on streaming platforms such as Spotify, Audible, Apple Podcasts, Google Podcasts, Stitcher, and others can be hectic. Therefore, a podcast hosting service provider takes care of all the back-end requirements of hosting a podcast.

 

The availability of podcasts has been growing rapidly owing to the emergence of audio and music platforms such as Spotify, Audible, Apple Music, Wynk, Amazon Music, and others. The emergence of these platforms has made podcasts of different genres available on a wide scale and has aided in the popularity of the podcasts. Today, there are thousands of podcasts of different genres and topics available on these platforms. Thus, the number of podcasts being released on these platforms has increased rapidly, which has increased the demand for podcast hosting services. There are many market players that offer podcast hosting services and on-demand audio and music platforms for podcast creators. According to the Mobile Economy Report 2021 by the GSM Association, of total cellular connections, 68% were smartphone connections in 2020 and that is expected to reach 81% by 2025. The rapidly growing penetration of smartphones has also supplemented the growth of the market. The growing penetration of smartphones will increase the accessibility of podcasts and encourage the podcast creators to create new podcasts, which will increase the demand for podcast hosting services. The growing popularity of video streaming platforms such as YouTube, which allows podcast creators to upload their podcasts on a free platform without any charges, may lower the demand for podcast hosting services and hamper the growth of the market. Nevertheless, new growth opportunities are in foresight as internet penetration is rapidly growing in developing countries.

 

Smartphone and audio and music platform penetration is high in North America, which has created a suitable ground for the rapid growth of the podcast hosting services market in the region. According to the Mobile Economy Report 2021 by the GSM Association, of total cellular connections in North America, 84% were smartphone connections in 2020 and that is expected to reach 85% by 2025. The podcast creating community is very large in North America, which creates podcasts on a range of topics for different purposes. Similarly, the number of people listening to podcasts is also high. Thus, the demand for podcast hosting services is high in the region. Additionally, podcast hosting service providers are able to generate revenue through running advertisements on podcasts. Out of the total market players, the majority of the players offer podcasting services in the North American region. North America is the domestic market for market players such as Rawvoice, Inc., Transistor, Inc., RSS America, LLC, Castos Inc., Podbean Tech Inc., and others.


Podcast Hosting Services Market

 

Segment Covered

The report on the global podcast hosting services market covers segments such as revenue stream, and genre. On the basis of revenue stream, the sub-markets include advertising, hosting services, audio content creation, and others. On the basis of genre, the sub-markets include news, entertainment, sports, business, education, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Rawvoice, Inc., Castos Inc., Podbean Tech Inc , Buzzsprout , Transistor Inc. , LIBERATED SYNDICATION INC, RSS America, LLC, SoundCloud Global Limited & Co. KG, Audios Ventures Inc, and Spreaker, Inc..

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the podcast hosting services market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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