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Podcast Advertising - Ethiopia

Ethiopia
  • Revenue in the Podcast Advertising market is projected to reach US$29.22k in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2027) of 9.03%, resulting in a projected market volume of US$37.88k by 2027.
  • In the Podcast Advertising market, the number of users is expected to amount to 1.1m users by 2027.
  • User penetration will be 0.6% in 2024 and is expected to hit 0.8% by 2027.
  • In global comparison, most revenue will be generated United States (US$2.57bn in 2024).
  • The average revenue per user (ARPU) in the Podcast Advertising market is projected to amount to US$0.04 in 2024.

Definition

Podcast advertising refers to the practice of promoting products, services, or brands through ads inserted into podcasts, which are audio recordings that can be downloaded or streamed online. Podcasts can cover a wide range of topics, including news, entertainment, education, and business. Podcast advertising can take different forms, including pre-roll ads that play at the beginning of a podcast, mid-roll ads that play in the middle of a podcast, and post-roll ads that play at the end of a podcast. Advertisers can target their ads to specific demographics, interests, or behaviors, and measure their effectiveness through metrics such as listener engagement, downloads, or conversions.

Additional information:

Podcast advertising comprises advertising spending, users, average revenue per user and penetration. The market only displays B2B spending. Figures are based on podcast advertising spending and exclude agency commissions, rebates, production costs, and taxes.

In-Scope

  • Host-read ads, such as those featured on The Joe Rogan Experience, Serial, and Stuff You Should Know
  • Programmatic ads, such as location or listener demographics or those featured on NPR podcasts
  • Branded content, such as those featured on Radiolab, TED Radio Hour, and This American Life.

Out-Of-Scope

  • Non-audio podcast-related advertising, such as sponsorships of a podcast's website or merchandise
  • Video advertising, such as pre-roll or mid-roll ads on video podcasts or on platforms such as YouTube
  • Audio advertising in other forms of media, such as radio or music streaming services.
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Digital Music: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Users

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses enterprises (B2B). Figures are based on podcast advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers podcast streaming ads.

    Modeling approach:

    market size is determined by a combined top-down and bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party reports, web traffic, and survey results from our primary research (e.g., Statista Global Consumer Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, internet users, consumer spending, and digital consumer spending.

    Forecasts:

    We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

    Additional notes:

    Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

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