Podcast Market Size, Share | Industry Report, 2027
Podcast Market The Podcast Market was estimated around USD 7,839 million in 2019 and is predicted to grow at a CAGR of 31.6% over the forecast period (2020-2027). The factors driving the growth of Podcast Market includes rise in the number OTT platforms around the world, growing popularity of audio-on-demand platforms, modernization of transcription technology and increasing internet penetration rates. According to the report published by Bloomberg, the Global Over-the-Top Streaming Market was calculated around USD 120.6 billion in 2021 and is expected to reach USD 261.8 billion by the end of 2028, expanding at a CAGR of 11.9%, over the forecast period (2022-2028), which will boost the Global Podcast Market in the approaching years. Moreover, introduction of advanced technologies such as Artificial Intelligence (AI), Blockchain and Internet of Things (IoT), proliferation of smartphones and strategic mergers and acquisition between industry leaders, are some of the additional fac...