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Podcast Market to Grow by USD 2.21 Billion (2024-2028), Driven by Smartphone Penetration and Easy Internet Access, AI-Driven Insights Report by Technavio

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global podcast market size is estimated to grow by USD 2.21 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 36.5% during the forecast period. Rising penetration of smartphones and easy access to internet is driving market growth, with a trend towards advent of smart speakers. However, intense competition among podcast service providers and inconsistent user preferences poses a challenge. Key market players include Alphabet Inc., Amazon.com Inc., Apple Inc., Audioboom Group plc, Block Inc., British Broadcasting Corp., CBS Interactive Inc., Deezer SA, Funkwhale, Guardian Media Group plc, hearthis.at, iHeartMedia Inc., Jamendo SA, Jango, Maple Media LLC, Mixcloud Ltd., Sirius XM Holdings Inc., Sorted Ventures Ltd., SoundCloud Global Ltd. And Co. KG, and Spotify Technology SA.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Interviews, Conversational, Solo, Panels, and Repurposed content), Genre (News and politics, Society and culture, Comedy, Sports, and Others), and Geography (Europe)

Region Covered

Europe

Key companies profiled

Alphabet Inc., Amazon.com Inc., Apple Inc., Audioboom Group plc, Block Inc., British Broadcasting Corp., CBS Interactive Inc., Deezer SA, Funkwhale, Guardian Media Group plc, hearthis.at, iHeartMedia Inc., Jamendo SA, Jango, Maple Media LLC, Mixcloud Ltd., Sirius XM Holdings Inc., Sorted Ventures Ltd., SoundCloud Global Ltd. And Co. KG, and Spotify Technology SA

Key Market Trends Fueling Growth

Smart speakers from Samsung and SONOS provide advanced streaming capabilities, enabling users to access and play podcasts throughout their homes via multi-room listening. Controlled via iOS and Android apps, these devices offer voice access for effortless content selection. Apple’s HomePod focuses on music subscriptions but also supports podcast playback through Siri. Sony’s new premium smart speaker, SRS-RA3000, expands the market in Europe. These innovations enhance user experience and convenience, contributing to the growth of the podcast market.

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Market Challenges

The European podcast market is characterized by intense competition among service providers. This market is highly fragmented, with numerous global and local players. As a result, there are frequent price wars among mobile podcast app vendors, which negatively impacts market growth. Consumer preferences for new and entertaining content are continually evolving, necessitating continuous updates to podcast collections. To provide updated content, vendors must invest in innovative content strategies, design, and technology. Failure to keep up with changing user preferences may lead to lost time, money, and market value for vendors, potentially hindering the growth of the European podcast market.The podcast market is a rapidly growing digital business landscape, valued at over USD1 billion in 2020. With original content as the backbone, diversity and inclusion are key elements driving its success. Artificial intelligence (AI) plays a significant role in content production and delivery through automatic editing, transcription, and content recommendation services. Music streaming and internet streaming services are popular platforms, while content-based technologies like ASMR, blogs, and social networks expand reach. Interactive content, website traffic, and search engine optimization boost engagement. Windows and Mac users access podcasts via on-premises and cloud-based digital tools. Subscription models, file downloads, and video/audio files cater to various learning styles. Podcasting offers teaching, educational learning, news, storytelling tools, and entertainment channels, making it a global market worth exploring. Radio on demand, a digital innovation, continues to disrupt traditional broadcasting.

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Segment Overview

This podcast market report extensively covers market segmentation by

Type1.1 Interviews1.2 Conversational1.3 Solo1.4 Panels1.5 Repurposed contentGenre2.1 News and politics2.2 Society and culture2.3 Comedy2.4 Sports2.5 OthersGeography3.1 Europe

1.1 Interviews- The podcast market is a growing business sector with numerous opportunities for content creators and advertisers. Podcasts offer a unique way to engage audiences through spoken word and storytelling. Brands can reach their target demographics through sponsorships and targeted advertising. Podcasts provide a personal connection with listeners, leading to increased brand loyalty. With affordable production costs and a global audience, the podcast market is an attractive investment for businesses looking to expand their reach.

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

Podcasting, also known as radio on demand, is a digital tool that allows users to download and playback audio files or video files at their convenience. This subscription-based model has revolutionized the way we consume content, from news and education to teaching and entertainment. With the rise of the internet, podcasting has become accessible to anyone with a computer, iPod, or mobile phone. Advanced technologies like Artificial Intelligence (AI) and video publishing have expanded the podcasting market, offering subscribed users a more personalized and interactive experience. The podcasting market share continues to grow, with online audio becoming an essential part of marketing strategies and audio-learning resources increasingly popular for educational learning.

Market Research Overview

Podcasting, also known as radio on demand, is a digital tool that allows listeners to download and stream audio files or watch video files at their convenience. The global podcasting market has seen significant growth, with formats ranging from teaching and educational learning to news and politics, comedy, sports, society and culture, and more. Podcasting offers personalized content, enabling subscribed users to access high-quality content on various devices, including computers, iPods, mobile phones, and smartphones. Advanced technologies like AI-connected things, blockchain, and high-speed web connectivity, including 5G networks and 5G smartphones, have revolutionized podcasting. OTT tools and podcast software facilitate content production, delivery, and recommendation services. AI technology offers automatic editing, transcription, and content recommendation. The podcasting market caters to various industries, including marketing, organizational culture, and internal communication. Skilled podcast developers create original content, ensuring diversity and inclusion. Personalized content and interactive features, such as ASMR, blogs, social networks, and website traffic, enhance the user experience. Search engine optimization and marketing strategies help increase podcast awareness, attracting a wider audience. Content-based technologies, music streaming, and internet streaming services continue to shape the future of podcasting.

Table of Contents:

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

TypeInterviewsConversationalSoloPanelsRepurposed ContentGenreNews And PoliticsSociety And CultureComedySportsOthersGeographyEurope

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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InCoax and Tarana accelerate broadband deployment in Cleveland: 47 buildings and 502 apartments connected in just 45 days

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LUND, Sweden, Oct. 22, 2024 /PRNewswire/ — InCoax Networks announces a successful collaboration with Tarana Wireless and DigitalC, leading to the rapid deployment of high-speed broadband in Cleveland, Ohio. This project showcases the potential of InCoax’s MoCA Access technology to meet the growing demand for reliable, high-speed internet – without the cost or complexity of full fiber installations.

Led by DigitalC, a non-profit technology social enterprise dedicated to closing the digital divide, the project sought to deliver affordable, high-speed internet to Cleveland, one of the least connected cities in the U.S. To accomplish this, DigitalC turned to InCoax and Tarana for their cutting-edge technologies. The collaboration enabled fiber-class broadband deployment at a fraction of the time and cost usually associated with fiber installations, demonstrating the scalability and future-proof capabilities of InCoax’s MoCA Access technology and Tarana’s next-generation fixed wireless access (ngFWA) solution, “G1.”

By leveraging MoCA Access and G1, DigitalC successfully connected tenants in these multi-dwelling units (MDUs) by utilizing existing in-building coaxial cabling, and ngFWA links to each individual MDU, significantly reducing the need for new construction and minimizing disruptions to tenants – an essential feature for cost-effective deployment and shorter time to revenue.

“By partnering with InCoax and Tarana, we are delivering the internet experience that Cleveland deserves – one that offers choice and superior connectivity,” said Jose Valdez, Chief Operating Officer of DigitalC. “This project is transformative for the community at Lakeview Terrace, driving growth and opportunity. We are proud to collaborate with the Cuyahoga Metropolitan Housing Authority to remove limits and create winning outcomes for residents.”

With more than 250 operators across 45 U.S. states and 24 countries, Tarana Wireless has revolutionized fixed wireless technology by overcoming industry challenges – such as radio interference or physical obstructions – enabling fiber-class performance in urban environments. Together, InCoax and Tarana are providing a faster way to expand broadband access, driving digital inclusion more cost-effectively.

This collaboration between InCoax, Tarana, and DigitalC exemplifies how innovative technologies can close the digital divide, delivering affordable, high-speed internet to underserved communities.

A case study of the deployment is available here: DigitalC, Tarana & InCoax case study.

To find out more about ngFWA technology, please refer to this demo video.

InCoax Networks’ fixed wireless extension use case brochure can be downloaded here.

Additional company and product information are found on our websites.

InCoax Networks: https://www.incoax.com

Tarana Wireless: https://www.taranawireless.com

DigitalC: https://www.digitalc.org

The information was submitted for publication, through the agency of the contact persons set out below, at 08.30 CEST on October 22, 2024.

For additional information, please contact:

Jörgen Ekengren, CEO, InCoax Networks AB
jorgen.ekengren@incoax.com
+46 73 899 55 52

About InCoax Networks AB

InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access (FWA) extension deployments for Communication Service Providers (CSP) globally. The technology is a high performance, future proof, reliable and cost-effective complement, that reduces installation time and improves take-up rate, to boost digital inclusion and internet access for all.

To keep updated on corporate information, visit incoax.com. Vator Securities AB, tel. +46 8-5800 6599, ca@vatorsec.se, is acting as the company’s Certified Adviser.

About DigitalC

DigitalC’s mission is to deploy a premier, state-of-the-art network that is affordable, reliable, and sustainable to bridge the digital divide – for good. Committed to changing the world one connection at a time, DigitalC offers superior internet, accessible community spaces, and tailored digital skills training to ensure an equitable digital future. By focusing on these core areas, DigitalC aims to create a transformative impact on the community, ensuring that everyone has the opportunity to thrive in the digital age. Learn more at www.digitalc.org

About Tarana

Tarana’s mission is to accelerate the deployment of fast, affordable internet access around the world. Through a decade of R&D and over $400M of investment, the Tarana team has created a unique next generation fixed wireless access (ngFWA) technology instantiated in its first commercial platform, Gigabit 1 (G1). It delivers a game-changing advance in broadband economics in both mainstream and underserved markets, using either licensed or unlicensed spectrum. G1 started production in mid-2021 and has since been embraced by more than 250 service providers in 24 countries. Tarana is headquartered in Milpitas, California, with additional research and development in Pune, India.

Learn more at www.taranawireless.com

This information was brought to you by Cision http://news.cision.com

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University hospitals in the UK join Homerton Healthcare’s public cloud service from Sectra–enhances collaboration for improved care

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LINKÖPING, Sweden, Oct. 22, 2024 /PRNewswire/ — International medical imaging IT and cybersecurity company Sectra’s (STO: SECT B) SaaS in the cloud, Sectra One Cloud, will be used by Barking, Havering and Redbridge University Hospitals NHS Trust (BHRUT) in the UK as they join Homerton Healthcare’s current cloud solution for medical imaging. By using one unified platform the current cooperation between the hospitals will be enhanced which is anticipated to improve workflow and production at lower cost. Moreover, it will relieve BHRUT’s IT burden and costs for IT as Sectra takes full responsibility for the technology and operation of the system.

Since 2015, BHRUT has been using Sectra’s radiology solution. Operating from King George Hospital in Ilford and Queen’s Hospital in Romford, BHRUT serves the communities of Barking, Dagenham, Havering, and Redbridge in East London and Essex. As a part of the same hospital region as Homerton Healthcare—which adopted Sectra’s cloud service in 2023—BHRUT collaborates continuously with Homerton.

“We cooperate extensively with Homerton to ensure the patients in our region receive timely care, and therefore see huge benefits of further facilitating that collaboration. By having a joint Sectra solution, our radiologists will have immediate access to each other’s images and patient data, which will make it easier for us to collaborate around patient cases,” says David Newey, Interim Chief Digital Transformation Officer at BHRUT.

Sectra will provide BHRUT with a fully managed cloud service and continuously monitor, optimize, and upgrade the solution, as well as provide 24/7 support to ensure a smooth experience over time. This will create a comprehensive system at BHRUT, designed to accommodate potential growth as volumes increase and as potential expansion into other specialties is explored.  

“As Sectra takes responsibility for the operation and maintenance of the system, the resilience of the service we provide to our patients will improve, whilst our maintenance overhead will be reduced,” Newey adds.

The contract for Sectra One Cloud was signed in the second quarter of Sectra’s 2024/2025 fiscal year and BHRUT will initially use the modules for radiology and breast imaging.

“An increasing number of hospitals are transitioning to cloud-based solutions to enhance security and reduce IT burdens. This shift addresses the widespread challenge of shortages in IT staff required to manage hospital systems. Therefore, we are proud to provide BHRUT with a solution that relieves this significant burden. We are looking forward to continuing to support them and to enhance their cooperation with Homerton for improved patient care in the region,” says Jane Rendall, managing director for Sectra UK and Ireland.

Sectra’s enterprise imaging solution provides a unified strategy for all imaging needs while lowering operational costs. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. Visit Sectra’s website to read more about Sectra and why it’s top-ranked in “Best in KLAS”.

About Sectra

Sectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide. Sales in the 2023/2024 fiscal year totaled SEK 2,964 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For more information, visit Sectra’s website.

For further information, please contact: 
Dr. Torbjörn Kronander, CEO and President Sectra  AB, 46 (0) 705 23 52 27
Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions, 46 (0)708 23 56 10

This information was brought to you by Cision http://news.cision.com.

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Viewpoint with Dennis Quaid Partners with Diversys Software, Inc. for an Upcoming Episode Focused on Solutions in Waste Management

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The program will educate on an important sector…

MIAMI, Oct. 22, 2024 /PRNewswire-PRWeb/ — Viewpoint, the acclaimed educational television series hosted by Dennis Quaid, is excited to announce a collaboration with Diversys Software, Inc. for a new segment that will explore the transformative impact of trustworthy data in the waste management industry.

By showcasing how technology can address these critical issues, the segment aims to empower industry leaders to embrace digital transformation and harness these tools for both business and environmental benefits.

This episode, scheduled to film on October 30, will bring together thought leaders and digital experts to explore the pivotal role of digital solutions in holding organizations to higher standards in waste management, tackling some of the most significant contributors to today’s sustainability challenges.

The waste management industry faces a unique set of compliance and regulatory hurdles, with stringent environmental laws and operational standards that vary significantly across regions. To stay compliant while maintaining efficiency, companies must navigate intricate processes related to sorting, disposal, transportation, and waste reduction. This upcoming episode will shed light on how innovative platforms, like those developed by Diversys Software, Inc., are helping companies streamline these multifaceted operations, reduce costs, and ultimately contribute to a more sustainable future.

Roger Barlow, CEO of Diversys, expressed his appreciation for the opportunity to partner on this important documentary series. “It’s an honor to be featured by Viewpoint and to work with Mr. Quaid’s team in highlighting the critical role that trust, transparency, and accurate data play in the recycling management industry. This collaboration allows us to showcase the importance of accountability as we collectively strive for a more sustainable future.”

The episode will delve into key areas where Diversys is making a difference, such as:

    Operational Efficiency

Real-time data tracking, automated reporting, and improved workflows that reduce costs, enhance resource recovery, so that organizations can make better, more informed decisions about how to effectively manage their waste, while saving money.

    Regulatory Compliance & Transparency

Ensures authoritative bodies are provided with accurate, timely information so that organizations can be held accountable for their impact on the environment.

    Sustainability & Circular Economy

Supports sustainability by delivering data-driven insights to improve recycling rates, reduce landfill waste, helping users maximize their impact and drive a circular economy.

By showcasing how technology can address these critical issues, the segment aims to empower industry leaders to embrace digital transformation and harness these tools for both business and environmental benefits.

The new episode will move into post-production later this year and will be distributed nationally once completed.

About Viewpoint with Dennis Quaid:

Viewpoint is an award-winning educational series that highlights innovations and important issues impacting today’s world. Hosted by veteran actor Dennis Quaid, the show works with industry leaders and experts to provide insights and educate viewers on trends shaping various sectors.

About Diversys Software, Inc.:

Diversys Software Inc. leads the digital transformation of waste and recycling management across North America with a user-friendly, ready-to-deploy software. Their cloud-based system enables real-time, precise data capture, helping organizations comply with evolving sustainability frameworks like Extended Producer Responsibility (EPR). Diversys is committed to fostering a circular economy through innovative and efficient recycling solutions.

Media Contact

Development Division, Viewpoint with host Dennis Quaid, 561-244-7620, info@viewpointproject.com, www.viewpointproject.com

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