Australia Podcasting Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Australia Podcasting Market is segmented By Content Types (News and Current Affairs, Entertainment, True Crime, Business and Finance, Health and Wellness, Education and Learning, Sports, Lifestyle and Personal Development, Technology and Science), By Distribution Platforms (Apple Podcasts, Spotify, Google Podcasts, Podbean, Acast, iHeartRadio, Stitcher, Niche platforms and direct website streams), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.
Australia Podcasting Market Size
Market Size in USD
CAGR4.74%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 4.74% |
| Market Concentration | Medium |
| Major Players | ARN (Australian Radio Network), SCA (Southern Cross Austereo), Nova Entertainment, Spotify, Apple Podcasts |
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Australia Podcasting Market Analysis
The Australia Podcasting Market is estimated to be valued at USD 2.98 Bn in 2024 and is expected to reach USD 4.12 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.74% from 2024 to 2031.
The podcast market in Australia is witnessing positive growth trends backed by rising adoption of podcasts among Australian population for entertainment and information purposes. Podcast popularity is increasing the most among young Australian adults who spend considerable time listening to podcasts on various topics of interest. Ease of access to podcasts through multiple online streaming platforms and availability of free as well as paid podcast content options is supporting the ongoing usage of podcasts in daily media consumption habits. Further, increase in true wireless stereo earphones and headphone shipments in the country is also boosting the podcast market as they provide a convenient way to listen to audio content on the go. Rising digital entertainment preferences and increasing podcast creation by both individual podcasters and media companies should continue driving the market revenues over the next few years in Australia.