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Europe Audiobook Market to Grow by USD 3. 29 Billion (2024-2028), Driven by Reader Engagement and AI Impact on Trends – Technavio Report

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The audiobook market size in Europe is estimated to grow by USD 3.29 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 26.8%  during the forecast period.  Benefits and reader engagement in audiobooks is driving market growth, with a trend towards growing shift toward subscription-based models in audiobook market in Europe. However, growing threat of copyright infringement in audiobook market in Europe  poses a challenge. Key market players include Alphabet Inc., Amazon.com Inc., Apple Inc., Awesound Inc., Barnes and Noble Booksellers Inc., Bertelsmann SE and Co. KGaA, Blackstone Audio Inc., Lulu Press Inc., News Corp., Nextory AB, Podium Publishing ULC, Rakuten Group Inc., RBmedia, Realm of Possibility Inc., Scribd Inc., Storytel AB, Strathmore Publishing and the Strathmore Studios, Ulverscroft Ltd., Vivendi SE, and W.F. Howes Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Age Group (Adult and Kids), Genre (Non-fiction
and Fiction), and Geography (Europe)

Region Covered

Europe

Key companies profiled

Alphabet Inc., Amazon.com Inc., Apple Inc.,
Awesound Inc., Barnes and Noble Booksellers
Inc., Bertelsmann SE and Co. KGaA, Blackstone
Audio Inc., Lulu Press Inc., News Corp., Nextory
AB, Podium Publishing ULC, Rakuten Group Inc.,
RBmedia, Realm of Possibility Inc., Scribd Inc.,
Storytel AB, Strathmore Publishing and the
Strathmore Studios, Ulverscroft Ltd., Vivendi SE,
and W.F. Howes Ltd.

Key Market Trends Fueling Growth

The European audiobook market is witnessing a notable transition towards subscription-based models. Services like Audible (an Amazon company) and Storytel are increasingly preferred due to their extensive audiobook libraries accessible through a monthly fee. This model offers consumers an affordable way to listen to a diverse range of titles, leading to more frequent listening and market expansion. Subscription plans allow users to explore various genres without the obligation of buying individual audiobooks, making it an alluring choice for numerous consumers. The emergence of hybrid models that merge subscription services with the option to purchase audiobooks individually caters to a broader audience. As consumer tastes continue to shift, these subscription-based platforms are poised to significantly contribute to the expansion of the European audiobook market throughout the forecast period. 

The European audiobook market is experiencing significant growth due to digital transformation. Audiobooks offer convenience for business professionals and students, allowing continuous learning on-the-go. AI-driven personalized recommendations based on listening history and genre analysis are trending, enhancing the user experience. Professional narrators bring literature to life, making fiction and non-fiction engaging for all. Smartphones and personal digital assistants enable easy access to audiobooks, while subscription-based models offer affordability. Target audiences include commuters, those with visual impairments, and those who prefer auditory learning. Content creators collaborate to expand the audiobook catalogue, offering exclusive content through streaming services like Audible and Spotify. Audio experiences, celebrity- and author-narrated titles, and podcasts are also driving the market. Technology continues to advance, with graph neural networks and AI improving audiobook recommendations. Digital formats are accessible on tablets, audiobook players, and other portable devices, making learning and entertainment more convenient than ever. 

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Market Challenges

The European audiobook market faces a significant challenge from copyright infringement, with piracy and illegal file sharing becoming increasingly prevalent due to the widespread availability of the Internet. This unauthorized duplication of copyrighted content results in substantial revenue losses for publishing houses. Key factors contributing to audiobook piracy include easy Internet access and readily available software for downloading books without payment. The threat of piracy not only negatively impacts the financial health of companies but also discourages creators from investing in the audiobook sector. Consequently, the European audiobook market’s growth may be restrained during the forecast period due to the persistent issue of piracy.The European audiobook market is experiencing significant growth due to the rise of digital media. Companies like Audible lead the way, but streaming services such as Spotify and podcasts also contribute. Exclusive content, audio experiences, and celebrity-narrated titles are popular. Non-fiction genres dominate, with genre analysis and self-improvement/personal development being particularly strong. Technology, including AI narration, text-to-speech technology, and voice assistants, is transforming the industry. Mobile accessibility and free digital content are key drivers, with smartphones and smart home devices facilitating listening on the go. Technological proliferation and commuter preferences boost audiobook sales. Creators engage professional narrators, use sound effects, music, and human narrators for diverse, multicultural content. Serialized content and celebrity-narrated titles continue to attract listeners.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This audiobook market in Europe report extensively covers market segmentation by

Age Group1.1 Adult1.2 KidsGenre 2.1 Non-fiction2.2 FictionGeography 3.1 Europe

1.1 Adult-  The European audiobook market is experiencing steady growth. In 2020, it was valued at €1.5 billion and is projected to reach €2.2 billion by 2026. Consumers prefer audiobooks for convenience and accessibility. Creators are investing in producing high-quality content, and retailers are expanding distribution channels. The market’s growth is driven by increasing smartphone usage, rising literacy rates, and a growing aging population. Audiobooks offer a convenient solution for busy individuals and those with visual impairments.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The European audiobook market is experiencing a significant digital transformation, with the shift from traditional formats to digital recordings gaining momentum. Audiobooks offer an auditory learning experience, making them an attractive option for business professionals seeking continuous learning on-the-go. Both non-fiction and fiction audiobooks are popular, with literature, self-improvement, and personal development genres leading the charge. Technology plays a pivotal role in the audiobook market, with AI narration and text-to-speech technology becoming increasingly common. Professional narrators continue to provide high-quality recordings, while sound effects and music enhance the listening experience. Visual impairments and commuting are common use cases for audiobooks, making them accessible and convenient for a wide audience. Digital formats, such as MP3 and M4B, are widely used, with smartphones, tablets, and audiobook players providing portable reading solutions. AI personalized recommendations help users discover new titles based on their listening history and preferences. The European audiobook market is expected to grow significantly in the coming years, offering opportunities for both creators and consumers.

Market Research Overview

The European audiobook market is experiencing a significant digital transformation, with the rise of artificial intelligence (AI) and personalized recommendations becoming key drivers. Audiobooks offer an  audio experience, making them popular among business professionals seeking continuous learning and non-fiction readers. The market caters to both fiction and non-fiction genres, with professional narrators bringing literature to life. Digital formats, such as MP3 and M4B, are accessible on smartphones, personal digital assistants, tablets, and audiobook players, enabling portable reading. Subscription-based models, exclusive content, and celebrity- and author-narrated titles are popular offerings. AI and text-to-speech technology, including graph neural networks and listening history analysis, provide personalized recommendations. Audiobooks cater to various target audiences, including those with visual impairments and commuters, and are used for educational purposes. The market includes content creators, streaming services like Audible, Spotify, and podcasts, and technological proliferation, with free digital content and smart home devices adding to its accessibility. Self-improvement and personal development are popular genres, with sound effects, music, and AI narration enhancing the listening experience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Age GroupAdultKidsGenreNon-fictionFictionGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

AirCheck Australia & New Zealand Renamed as RCS MEDIA MONITORS

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SYDNEY, Jan. 13, 2025 /PRNewswire/ — AirCheck, a leading provider of broadcast monitoring services in Australia and New Zealand is pleased to announce its renaming as RCS MEDIA MONITORS, effective immediately.

AirCheck monitors songs and commercials providing almost real time reporting tools for radio and television broadcasters, music media, record companies, advertising agencies and industry analysts.

This change reflects the company’s growth, expanded service offerings, and a strengthened focus on providing comprehensive media intelligence.

The new name, RCS MEDIA MONITORS, builds on the expertise of its parent company, RCS, to offer enhanced monitoring solutions. By integrating RCS’s global technology and resources, the company will provide clients with a broader range of tools for tracking and analysing media campaigns across a variety of platforms and markets.

“We’re excited to take this step forward,” said Philippe Generali, President and CEO of RCS Global. “The rebranding to RCS MEDIA MONITORS allows us to expand our reach and improve our services, giving clients access to deeper insights and a wider array of media monitoring tools. With RCS’s support, we can offer more robust data and solutions that cover not just broadcast, but also digital and emerging media channels.”

The name change signals the company’s commitment to evolving with the changing media landscape. With RCS MEDIA MONITORS, clients can expect the same reliable monitoring services they’ve trusted for over 20 years in Australia and 15 years in NZ.

www.rcsmediamonitors.com.au

About RCS MEDIA MONITORS

RCS MEDIA MONITORS (formerly AirCheck) is a leading provider of broadcast monitoring and media intelligence solutions in Australia, New Zealand and India. The company helps clients across industries optimise media strategies, measure performance, and gain insights from a wide range of traditional and digital media. RCS MEDIA MONITORS is part of RCS, a global leader in broadcast automation and media technology.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aircheck-australia–new-zealand-renamed-as-rcs-media-monitors-302347810.html

SOURCE RCS MEDIA MONITORS

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iM Global Partner mourns the passing of Philippe Uzan

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PARIS, Jan. 13, 2025 /PRNewswire/ — It is with deep sadness that iM Global Partner (iMGP) announces the passing, one month ago, of our dear friend and colleague, Philippe Uzan.

 

 

Philippe’s exceptional career in asset management spanned more than 30 years and is marked by remarkable achievements in the organizations for which he worked and deep contributions to the industry as a whole. His passing is a tremendous loss to all who knew and worked with him.

Philippe joined iM Global Partner in February 2020 as Deputy CEO and CIO Global Asset Management, responsible for overseeing our financial strategies and products and designing value-added investment solutions for our clients across Europe and the United States.

His expertise spanned all asset classes, and he had a deep understanding of markets and their impact on investors and their investment needs. He was an eloquent man who contributed a number of papers and articles to the media, always with the intention of educating and making financial concepts more relatable. He has left an indelible mark on our organization and on the broader industry.

Prior to joining iM Global Partner, Philippe was latterly Chief Investment Officer at Edmond De Rothschild Asset Management, where he worked for 11 years and where he led the portfolio management teams, optimizing the synergies between analysis and portfolio management. He previously spent three years as Research and Global Asset Allocation Director, where he developed the portfolio management and research teams and modernized investment processes and the product range.

Philippe began his career as an Equity Derivatives Trader at Société Générale and held roles at AGF Asset Management (now part of Allianz Global Investors) and Natixis AM.

Throughout his career, Philippe’s outstanding intelligence, humility, and collaborative spirit earned him the respect and admiration of his peers.

Philippe Couvrecelle, Founder and CEO of iM Global Partner, expressed his heartfelt condolences: “It was with infinite sadness and pain that I learned of Philippe’s passing from a devastating illness. I had known Philippe closely for almost 20 years, as we worked together for Natixis, Edmond de Rothschild and iMGP. I pay immense tribute to his humanity, his sense of humor, his brilliant intelligence and his presence, which I will deeply miss. We had shared so much and still had so much to do together. In his memory, we will continue our path forward with strength, success and intensity, always preserving our values and our company culture to which he was so attached.

We will all miss Philippe enormously at iM Global Partner. He will be remembered not only for his professional achievements but also for his warmth, generosity, kindness and his unwavering dedication to his colleagues and community. Our thoughts are with his wife and three children, his family, friends and loved ones during this difficult time.”

CONTACT: media@imgp.com

 

 

SOURCE iM Global Partner

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Blackbaud Releases New Donation Forms for Australia and New Zealand Customers to Help Social Impact Organisations Raise More

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Customers in Australia and New Zealand Can Now Leverage Donation Forms that Natively
Integrate with Blackbaud’s Payment Processor and CRM Solutions to Give a Completely
Connected Experience

SYDNEY, Jan. 13, 2025 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the rollout of its Optimized Donation Forms for Raiser’s Edge NXT® users in Australia and New Zealand, as well as the release of both the Standard and Optimized Donation Forms for Blackbaud CRM™ users in Australia and New Zealand.

Blackbaud Donation Forms help social impact organisations raise more, streamline the donor experience, simplify administrative tasks, and reduce processing costs, enabling them to sustain and grow their missions.

“We’re excited to bring Blackbaud Donation Forms, which are proven to raise more funds without transaction fees, to more customers globally,” said Sudip Datta, chief product officer, Blackbaud. “We make online giving simple, whether through Blackbaud’s Standard Donation Forms or Optimized Donation Forms, both of which are proven to help increase gift size, eliminate transaction fees and expand the donor base.”

The forms allow nonprofits to choose the fee coverage option that’s right for them ––Complete Cover, which provides free processing, or Donor Cover, which lets supporters cover their transaction fees. And due to native integration, managing transactions is easy. With Blackbaud CRM, the transactions are saved to an enhanced revenue batch for review prior to committing.

Optimized Donation Forms
Blackbaud Optimized Donation Forms reduce the number of decisions for both the organisation and its constituents, resulting in an optimal donor experience and an increase in click-to donation-conversions. Optimized Donation Forms are a great choice for campaigns that need a quick visual punch and that are focused on securing more donors. They are mobile-first and display seamlessly on a website without the need to create a new webpage, enabling payment directly within the form. Customisable with images and a mission statement, they let charitable organisations project consistent branding in a visually appealing, intuitive and engaging way. Additionally, these intelligent forms automatically adjust to increase higher-than-average gift amounts based on donor data analysis.

Standard Donation Forms
Blackbaud Standard Donation Forms are a great choice for specifically targeted campaigns where additional data collection is required. They allow organisations to personalise colours, text, and ask ladders for ultimate customisation and form extension. Standard Donation Forms also enable you to retain donors better by promoting Recurring Gift Upsell to encourage one-time donors to give monthly.

Early Success
US customers using the forms have already seen early success, reporting satisfaction with the ease of use, customisation and flexibility of the forms. Using the Optimized Donation Forms, Seed Savers Exchange saw a 10% increase in their conversion rate and a jump in average donation amount by 61% from the year prior. 

Others appreciate the time-savings and ease of use. “The Optimized Donation Form literally cuts my entry time by more than half,” said Tracey Zirneklis, advancement services manager, Porter-Gaud School. “Being able to see what’s coming in, edit the record, add campaigns or funds or appeals, being able to adjust what I want to do acknowledgement-wise—it is so much more streamlined.”

Spencer Lassen, Senior Systems Consultant at Legacy Health, shared, “Integration of the donation forms into Blackbaud CRM has been seamless. This has been the easiest and fastest integration of a donation platform in my career. I am not a graphic designer, but the intuitive interface and tools have allowed me to easily set up exciting donation forms and email acknowledgments with a modern look and feel. It has been easy to roll out to our team allowing more staff to be able to set up donation forms, which is allowing us to be more responsive to the emergent fundraising needs of our organisation.”

Learn More
Learn more and request a demo here. 

Blackbaud Donation Forms are currently available at no extra cost to Raiser’s Edge NXT users in the US, and Australia and New Zealand, and will be coming to Canada and the UK in 2025. They are also available at no extra cost to Blackbaud CRM users in the US, and Australia and New Zealand, and will be coming to Canada in 2025 as well. Additionally, Blackbaud Donation Forms are available at no extra cost to Altru users in the US. All users must process transactions with Blackbaud Merchant Services to take advantage of Blackbaud Donation Forms.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud’s essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud’s solutions are unleashing the potential of the people and organisations who change the world. Blackbaud has been named to Newsweek’s list of America’s Most Responsible Companies, Quartz’s list of Best Companies for Remote Workers, and Forbes’ list of America’s Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.com.au or follow us on X/Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries
media@blackbaud.com 

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organisation; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

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SOURCE Blackbaud, Inc.

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