Podcast hosting services market is projected to grow at a CAGR of 28.5% during the forecast period, according to TMR study | Messages
ALBANY, New York, January 17, 2022 /PRNewswire/ — Analysts at TMR expect the market for podcast hosting services to outperform $47.64 billion by 2031. Podcast hosting services are gaining traction because they include specialized tools designed to enhance the subscriber experience. Podcast hosting provides an easy-to-use data dashboard with a control panel that tracks the number of listeners for each episode within the first 90 days, and podcast companies can obtain information about users who choose podcast services.
Additionally, advertisers and commercial brands are realizing that podcast advertising is an effective and powerful tool to reach busy and targeted audiences.
The news and politics segment shows high demand alongside other podcast areas. The news and politics podcast genres offer listeners exclusive news from politics, business and society that are useful on a daily basis.
The increasing use of podcast hosting services benefits from the development of podcast services. The introduction and success of subscription-based services from key players such as Spotify and Apple are attracting other providers to include them in a range of service offerings.
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Podcast Hosting Services Market – Key Findings of the Report
- Exponential increase in smartphone penetration in developing countries such as India, Brazil, and Argentina with consumers increasingly using subscription-based podcast services for information and entertainment, creates opportunities in the podcast hosting services market. A report by the Global System for Mobile Communications finds that by 2025 there will be an additional 1.6 billion smartphone connections for smartphone subscription to account for nearly 81% of total mobile connections.
- The increasing adoption of audio-on-demand and podcasts on smartphones due to the benefit of services with heightened streaming experience is driving the growth of the podcast hosting services market
- The launch of subscription-based podcast services by major players like Apple and Spotify is creating a leap in the podcast hosting services market. For example, Apple’s subscription services allow subscribers access to ad-free and premium content.
- In addition to politics and news, the availability of a variety of content in storytelling format of business success stories attracts the attention of aspiring and young entrepreneurs
- The advent of free and novel podcast platforms for hosting, distributing and monetizing podcasts is causing significant changes in the podcast hosting services market. Additionally, technological innovations that allow users to choose the right balance of ad formats help users and podcasters get value for every dollar spent. This, in turn, favors the market for podcast hosting services.
- With the development of the podcast, which has evolved into a medium for streaming multimedia content, podcasters are experimenting with graphics, videos, and GIFs, among others, to enhance their content
- Capabilities to record, edit, clean, and correct volume of audio files create revenue streams for software in the podcast hosting services market
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Podcast Hosting Services Market – Growth Drivers
- The changing telecommunications landscape with the advent of 5G for high bandwidth and super-fast mobile data enables an advanced, real-time podcast experience. This is fueling the growth of the podcast hosting services market
- The proliferation of smartphones and increasing adoption of audio-on-demand information, entertainment and infotainment content are stimulating the market for podcast hosting services
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Podcast Hosting Services Market – Major Players
Some of the Major Players in Podcast Hosting Services Market are:
- Anchor FM Inc.
- Audioboom Group plc
- buzzsprout
- Fireside Labs LLC
- Podbean Tech Inc.
- SermonAudio
- SoundCloud Inc.
- speaker inc
- Acast
- Blubrry Podcasting
- Castos Inc.
- Hubhopper Liberated Syndication
- Podomatic Inc.
- simplecast
- SPI Labs LLC
- transistor inc
Shop an exclusive research report at https://www.transparencymarketresearch.com/checkout.php?rep_id=47247 Podcast Hosting Services Market is segmented as follows: Podcast Hosting Services Market by Revenue Source Podcast Hosting Services Market by Genre Podcast Hosting Services Market by End User Podcast Hosting Services Market by Regions Browse the latest IT and telecom market Research Reports by TMR: About transparency market research Transparency Market Research is a global market research firm providing global business intelligence reports and services. Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information. Our data repository is continuously updated and revised by a team of research experts, so it always reflects the latest trends and information. With a broad research and analytical capacity, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive datasets and research material for business reports. For more research insights on leading industries, visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ Contact Mister Rohit Bhisey Transparency Market Research state tower, State Road 90, suite 700, AlbanyNY – 12207 United States United States of America – Canada Toll Free: 866-552-3453 E-mail: [email protected] follow us: Twitter | LinkedIn to blog: https://tmrblog.com website: http://www.transparencymarketresearch.com Press release: https://www.transparencymarketresearch.com/pressrelease/podcast-hosting-services-market.htm View original content: https://www.prnewswire.com/news-releases/podcast-hosting-services-market-to-expand-at-cagr-of-28-5-during-forecast-period-finds-tmr-study -301461855.html SOURCE Transparency Market Research
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