Global Audio Advertising Market Size, Share, Opportunities, And Trends By Medium (Radio, Music-on-Demand), By Device (Smartphones and Tablets, Smart TV, Radio, Others), And By Geography - Forecasts From 2025 To 2030

Audio Advertising Market Size:

The global audio advertising market is expected to expand at a compound annual growth rate of 6.02%, from US$38.157 billion in 2025 to account at US$51.110 billion in 2030.

In broad terms, audio advertising could be defined as presenting advertisement content through audio recordings over internet streaming channels including but not limited to podcasting, streaming music applications, or radio stations. With the evolutionary growth of audio not only in advanced technology but also consumer demand, advertising through audio has brought into the fold the way advertisements are evolving.

Digital audio platforms, such as Spotify, Apple Music, and Pandora, open new interfaces for advertisers to reach consumers and simultaneously propel the growth of the audio advertising market on the global front.

Additionally, as a result of the increase in mobile usage, formats are evolving towards audio ads through mobile applications and podcasts. Furthermore, a new generation of mobile-first audio advertising formats is being created. Developments in programmatic advertising among others have also increased the efficiency of targeting by enhancing real-time bidding and campaign performance measurement.

The other key area of market drivers has been the growing demand for targeted advertising, which overruns the entire market growth in general. Podcasts are significantly adding to the weightage of influence on the audio advertising market, with audiences already leaning towards adopting podcasts as their mode of media consumption. On the contrary, increasing the installation of adblockers may hamper audio advertising and thereby reduce the total market demand.

Audio Advertising Market Drivers:

• The advancements in audio advertising are anticipated to accelerate the global audio advertising market

New technologies and advancements in audio advertising are anticipated to further transform the global audio advertising market. Programmatic Buying automates ad space purchases and increases the efficiency of buying ad space while making it less costly. Data-driven targeting includes audience targeting so that ads can reach listeners at the right time. Some new innovative audio formats include voice-activated ads that maximize engagement.

Multi-platform measurement offers insight into campaign performance, which allows advertisers to optimize their strategies. Jazz up a little with the personalization of advertisements, the improvement of targeting, and the optimization of campaign performance with the use of artificial intelligence and machine learning. Growing advancements in solutions related to audio advertisement by diverse market players are also contributing to the market expansion in the coming years.

• The growing popularity of podcasts is predicted to boost the global audio advertising market growth

With an increase in the adoption of podcasts as a source of audio consumption, audio companies have reported a considerable influx of users in the genre. For instance, in August 2024, Triton Digital, which is a global leader in audio, podcast, and broadcast radio, and NOVA Entertainment, the leading independent audio entertainment business in Australia, partnered to bring audio advertising to a new level in the country. NOVA planned to deploy Triton Digital's Sounder throughout NOVA's audio portfolio in a significant development in publisher-led audio advertising.

Similarly, in November 2024, Sportradar launched gen AI audio advertising for sportsbook and casino operators. The function creates dynamically personalized real-time audio adverts on the operators using Gen Ai and Sportradar's live data. The tool enables the creation of fresh, imaginative creative during highlighted sporting and gaming moments and efficiently scales up advertising efforts in podcast streaming services and internet radio networks. Technology creates one-off customized dynamic ads as live data refreshes odds, jackpots, and coming event timelines.

Further, podcasts fuel the growth of the international audio advertising industry due to an audience that is captive and targeted as well as a trusted source of communication. Advertisements are likely to be more credible as listeners devote more attention to the content. At present, podcasts serve all kinds of niches and interests, while making big opportunities for advertisers and providing opportunities for market growth.

Moreover, the number of listeners of podcasts continues to grow rapidly across the globe, which means that the reach of advertisers will further expand. Innovations in advertising such as the well-known host-read ads, integrated sponsorships, and dynamic ad insertion have characterized this medium. It has labeled the opportunity for advertisers to use their investment flexibilities. Podcasts are becoming more widely listened to, which makes them very important for advertisers interested in reaching audiences and carrying out successful campaigns.

Audio Advertising Market Restraints:

• The rise in the prevalence of ad blockers is predicted to hinder the global audio advertising market growth

Ad-blockers have seen a significant increase in demand among users. Ad blockers protect users from malvertising, maintain privacy, and provide a better ad-free experience for users. Moreover, they are usually free to use. According to Block Through, in the first quarter of 2024, there were 31.5% of internet users used adblockers globally. Ad-blockers like the Brave browser, EZBlocker, etc., filter out ads from audio streaming platforms without requiring premium audio subscriptions from streaming companies. Such an increase in the adoption of adblockers may prove to be unfavorable for audio advertising agencies and companies.

Audio Advertising Market Geographical Outlook:

• North America region to hold significant shares of the global audio advertising market.

In geographical terms, the global audio advertising market can be distributed in North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Geographically, the infrastructure and technology of the continent are optimized to increase the North American audio advertising market share. With a firm market, considerable ad spending on audio advertising, advancement in audio advertising technologies, and robust growth in digital audio, North America is poised to lead the global audio advertising market. With its long radio advertising history and major actors in the industry, this region ranks high. Moreover, since the region stands to benefit from new technology such as programmatic buying and podcast advertising in audio advertising, there will be tremendous growth here as well. North America thus becomes a key region in the world in audio advertising.

Audio Advertising Market Key Developments:

• December 2024- iHeartMedia perfected audio advertising by making it part of the Unified ID 2.0 (UID2) privacy-focused identity framework through The Trade Desk. This new integration enhances targeting, measurement, and attribution of audio ads into the iHeartMedia audio platforms, allowing advertising partners to target more accurately as well as manage measurement and attribution more precisely.

Audio Advertising Market Scope:

Report Metric	Details
Audio Advertising Market Size in 2025	US$38.157 billion
Audio Advertising Market Size in 2030	US$51.110 billion
Growth Rate	CAGR of 6.02%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Medium Device Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Audio Advertising Market	Spotify AB Saavn Media Pvt Ltd. Pandora Media, LLC Airtel Digital Limited Cumulus Media
Customization Scope	Free report customization with purchase

 

The Audio Advertising Market is analyzed into the following segments:

• By Medium
  • Radio
  • Music-on-demand
• By Device
  • Smartphones and Tablets
  • Smart TV
  • Radio
  • Others
•  By Geography
  • North America
    • USA
    • Canada              
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Indonesia
    • Thailand
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL AUDIO ADVERTISING MARKET BY MEDIUM

5.1. Introduction

5.2. Radio

5.3. Music-on-demand

6. GLOBAL AUDIO ADVERTISING MARKET BY DEVICE

6.1. Introduction

6.2. Smartphones and Tablets

6.3. Smart TV

6.4. Radio

6.5. Others

7. GLOBAL AUDIO ADVERTISING MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Medium

7.2.2. By Device

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Medium

7.3.2. By Device

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Medium

7.4.2. By Device

7.4.3. By Country

7.4.3.1. UK

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Italy

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. By Medium

7.5.2. By Device

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. Israel

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Medium

7.6.2. By Device

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. South Korea

7.6.3.4. India

7.6.3.5. Taiwan

7.6.3.6. Indonesia

7.6.3.7. Thailand

7.6.3.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Spotify AB

9.2. Saavn Media Pvt Ltd.

9.3. Pandora Media, LLC

9.4. Airtel Digital Limited

9.5. Cumulus Media

9.6. iHeartMedia Inc.

9.7. Entercom Communications Corp.

9.8. SBS

9.9. Townsquare HQ

9.10. Music Broadcast Limited

9.11. ENIL

9.12. BAUER CONSUMER MEDIA LTD

9.13. Digital Radio (Delhi) Broadcasting Limited

9.14. Next Radio Ltd (Next Mediaworks Limited)

9.15. SoundCloud

9.16. Southern Cross Media Group Limited

9.17. TBS RADIO, Inc. (Japan)

9.18. ABC Audio

Spotify AB

Saavn Media Pvt Ltd.

Pandora Media, LLC

Airtel Digital Limited

Cumulus Media

iHeartMedia Inc.

Entercom Communications Corp.

SBS

Townsquare HQ

Music Broadcast Limited

ENIL

BAUER CONSUMER MEDIA LTD

Digital Radio (Delhi) Broadcasting Limited

Next Radio Ltd (Next Mediaworks Limited)

SoundCloud

Southern Cross Media Group Limited

TBS RADIO, Inc. (Japan)

ABC Audio