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Podcast Market in Europe to Grow by USD 2.21 Billion from 2024-2028, as Smartphone Penetration and Internet Access Rise with AI Driving Market Transformation – Technavio

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NEW YORK, Nov. 8, 2024 /PRNewswire/ — Report with the AI impact on market trends – The podcast market in Europe 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 Ltd. And Co. KG, and Spotify Technology SA.

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Podcast Market In Europe Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 36.5%

Market growth 2024-2028

USD 2210.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

26.89

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

Sweden, Spain, UK, Switzerland, and Rest of 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

Market Driver

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. 

The podcast market is experiencing significant growth, with trends including “News and politics,” “Format” variations like interviews, and “Online learning” gaining popularity. “AI-connected things” and “Blockchain” are being integrated for advanced technologies. “High-speed web connectivity” and “5G networks” enable seamless streaming on “5G smartphones” and “OTT tools.” “Personalized content” and “Podcast awareness” drive subscribed users, while “skilled podcast developers” create high-quality content. “Comedy,” “Sports,” and “Society and culture” are popular genres. “Playback devices” like computers, iPods, and mobile phones allow flexibility. “Artificial Intelligence (AI)” and “Blockchain technologies” enhance production and monetization. “Speaking individuals” can publish on the “Internet,” reaching “marketing strategy” targets. “Audio-learning resources” and “podcasting market share” continue to grow, with “modern transcription techniques” and “AB Spotify” and “Ad Studio” tools available. “Internal communication,” “learning and development,” and “organizational culture” also benefit from podcasting. “Podcast software” and “networks” facilitate easy listening and distribution. 

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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 in Europe report extensively covers market segmentation by

Type 1.1 Interviews1.2 Conversational1.3 Solo1.4 Panels1.5 Repurposed contentGenre 2.1 News and politics2.2 Society and culture2.3 Comedy2.4 Sports2.5 OthersGeography 3.1 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.

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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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TÜV Rheinland Joins SEIA and Reinforces Commitment to the U.S. Solar and Renewable Energy Market

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BOXBOROUGH, Mass., Nov. 12, 2024 /PRNewswire/ — TÜV Rheinland of North America is pleased to announce that it has joined the Solar Energy Industries Association (SEIA), underscoring its commitment to advancing the solar and renewable energy industry in the United States. This step reflects TÜV Rheinland’s dedication to supporting the growth of clean energy and providing world-class services that enhance the bankability and reliability of solar projects across the nation.

“We are excited to join SEIA and contribute to the ongoing transformation of the U.S. energy landscape,” said May Wang, US Segment Manager for Solar & Sustainability at TÜV Rheinland of North America. “Our extensive experience in solar and renewable energy, combined with our global network of state-of-the-art laboratories, dedicated expert teams, and comprehensive solutions, enables us to provide cutting-edge services that drive sustainable growth and ensure long-term success in the U.S. market.”

To further support the growth of U.S. Solar manufacturing and renewable energy stations, TÜV Rheinland offers an extended bankability service, meticulously designed by top experts in the solar industry. This service is specifically tailored to help EPCs, investors, and power plant owners accurately assess the return on investment for their solar projects.

“SEIA is glad to have TÜV Rheinland join our organization as the solar and storage industry continues to scale to meet growing demand for electricity,” said Roderick Lewis, senior vice president of sales and business development at SEIA. “We look forward to collaborating with them to further advance the adoption of solar energy across the United States.”

In addition to these specialized services, TÜV Rheinland provides a comprehensive one-stop solution for renewable energy projects, encompassing supply chain and sustainability services. These offerings ensure that every aspect of a project, from inception to operation, meets the highest standards of quality, efficiency, and environmental responsibility.

As the United States aims to revitalize its solar manufacturing industry and increase the share of renewable energy, TÜV Rheinland stands ready to assist in this transformation. With over 150 years of experience in the independent testing, inspection, and certification (TIC) industry, and 42 years specifically in the solar and renewable energy sector, TÜV Rheinland has established itself as a global leader, providing services that ensure quality, safety, and performance across various industries.

TÜV Rheinland’s dedicated team of experts spans Europe, India, the Middle East, Asia, Mexico, and Americas, as well as company’s solar laboratories in Cologne, Shanghai, and Bangalore are at the forefront of innovation, serving top-tier solar panel and PV cell manufacturers worldwide offering unparalleled support to Solar & Energy Storage System power plants.

For more information regarding the solar business, please visit www.tuv.com/solar or contact solar@us.tuv.com.

About TÜV Rheinland
Safety and quality in almost all areas of business and life: That’s what TÜV Rheinland stands for. The company has been active for more than 150 years and is one of the world’s leading testing service providers. TÜV Rheinland has more than 22,000 employees in over 50 countries and generates annual sales of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the globe, accompany innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In this way, the independent experts ensure trust along global flows of goods and value chains. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption.
Website: www.tuv.com

About SEIA
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 30% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Website: www.seia.org

CONTACT:
Michael García Carbajal
Phone: +52 55 3488 2108
Email: Michael.Garcia@mex.tuv.com

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SOURCE TUV Rheinland

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Equity 1031 Exchange Introduces Cash Incentive Program for 1031 Exchange Referrals

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New program rewards real estate professionals with $225 for qualified referrals

FORT MYERS, Fla., Nov. 12, 2024 /PRNewswire/ — Equity 1031 Exchange is thrilled to announce the launch of a new referral program that offers cash incentives to real estate professionals. The program, which provides a $225 reward for each successful referral, creates new opportunities for real estate agents and brokers to grow their business while connecting their clients with experienced 1031 exchange services.

As investors increasingly seek tax-efficient investment strategies through 1031 exchanges, which require a Qualified Intermediary (QI), this program helps connect real estate professionals with an experienced QI.

“We’re introducing this program to recognize and reward the real estate professionals who trust us with their clients’ 1031 exchange needs,” said Theresa Knower, President of Equity 1031 Exchange. “This program demonstrates our commitment to working with real estate professionals while providing tangible value for their referrals.”

Program highlights:

$225 reward upon completion of first property sale in exchangeStreamlined digital onboarding processAdvanced dashboard for tracking referrals and earningsAccess to expert 1031 exchange advisorsNo cap on earning potential

The program’s launch builds upon Equity 1031 Exchange’s 25-year legacy of excellence, formerly as Midland 1031, and introduces a modern approach to professional referrals. Real estate professionals can now benefit from their network while ensuring their clients receive personalized service through complex 1031 exchange transactions.

Simple three-step process:

Complete and submit referral agreementAccess personalized tracking dashboardEarn rewards upon qualifying transactions

“Our goal is to build strong professional relationships,” added Knower. “We’re offering this incentive because we’re confident that once real estate professionals experience our service quality, they’ll see the value in recommending us to their clients.”

Interested real estate professionals can get more details on the program and sign up here.

About Equity 1031 Exchange

Equity 1031 Exchange is a Qualified Intermediary (QI) under IRS Section 1031, specializing in facilitating seamless, tax-deferred real estate exchanges. With decades of industry experience, Equity 1031 Exchange is dedicated to helping investors preserve and grow their wealth by navigating the complexities of 1031 exchanges. Our team of experienced professionals ensures that each transaction is handled with precision to help you ensure compliance with IRS regulations. Learn more at https://getequity1031.com/.

For more information contact:
Lori Hartigan
Senior Marketing Manager
Equity 1031 Exchange
Email: l.hartigan@trustetc.com

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SOURCE Equity Trust Company

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Pye-Barker Fire & Safety Acquires Sonitrol New England, Enters New Markets and Marks First Rhode Island Location

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ATLANTA, Nov. 12, 2024 /PRNewswire/ — Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider in the United States – has acquired Sonitrol New England, a regional leader in security and fire alarm services, from the Sonitrol Security Systems network. From this acquisition, Pye-Barker gains two new branches in Rocky Hill, Connecticut, and Riverside, Rhode Island. This marks Pye-Barker’s first location in the state of Rhode Island, helping Pye-Barker expand its full fire code compliance services in the Northeast.

This marks Pye-Barker’s first location in Rhode Island, helping Pye-Barker expand its services in the Northeast.

Sonitrol New England works with thousands of New England customers to protect their businesses, schools, government buildings, healthcare facilities and other commercial entities. The team designs and services fire detection, intrusion detection, video surveillance, panic buttons, access control, and emergency communication systems.

Since its founding in 1972 by Doug Curtiss, Sonitrol New England has remained at the forefront of the latest security technology and team training, efficiently transmitting alarm information to emergency dispatch and first responders.

“For over 50 years, Sonitrol New England has been committed to protecting our neighbors and building highly skilled local teams,” said Doug Curtiss, Sonitrol New England Founder and President. “Joining Pye-Barker is a unique opportunity to add more fire protection services to our offerings and expand career development for our team, while maintaining the localized service that our customers trust.”

“At the heart of Pye-Barker are the local teams who are out protecting their communities every day,” said Bart Proctor, Pye-Barker CEO. “As we continue expanding our geographic footprint, we are proud to bring aboard hardworking teams like those at Sonitrol New England and support their continued service in the neighborhoods where they live and work.”

Sonitrol New England was represented by Mark Sandler, Managing Director at SPP Advisors, in this transaction. Nelson Mullins Riley & Scarborough LLP represented Pye-Barker.

About Pye-Barker Fire & Safety

The U.S. leader in fully integrated life safety systems, Pye-Barker Fire & Safety provides complete fire protection and security systems nationwide. With over 230 locations and 7,000 team members nationwide, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100.

Pye-Barker continues to explore strategic acquisition opportunities. Visit pyebarkerfs.com/acquisitions to see why we’re the industry’s acquirer of choice.

Contact:

Eric Garner
Chief Business Development Officer
801.395.8738
eric.garner@pyebarkerfs.com

Media:

Alycia Volpe
media@pyebarkerfs.com

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SOURCE Pye-Barker Fire & Safety

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