In honor of International Podcast Day 2019, we are sharing our top 5 most downloaded episodes of all time. We are also including some fun facts about the podcast industry.
In 10 years, the percentage of podcast familiarity has almost doubled in the U.S. alone, according to Edison Research. They estimate 197 million people in the United States are familiar with podcasting. People who listen to podcasts has also doubled, going from 22% in 2009 to 51% this year! And trends show continuing growth. According to the Interactive Advertising Bureau (IAB), $479 million was spent by marketers for advertisements – that’s a 53% INCREASE from last year. According to the same experts at IAB, they project revenues will surpass $1 billion in 2021.
So why does this matter? Like Netflix was to TV/Cable, podcasts are becoming to radio. Gone are the days of trying to catch your favorite radio program at a certain time. Now, all a listener has to do is hit play on their phone. And for those who instantly think NPR when they hear podcasts, think again. According to Edison Research, they released a brand new study showing listening habits for veteran podcast listeners (2 years or longer) and rookie listeners (6 months or less). What they find is changing the podcast landscape. Rookie listeners are consuming more story based, feel good content that helps them escape the day, unwind, and get lost in imagination. Compare that to the veterans who listen for mental engagement or going really deep on a specific topic and the playing field broadens.
Heck, we even see organizations creating podcasts as internal communication streams! Think about it, an organization can cast vision, instill organizational values, or get important information to their employees without disrupting workflow. All an employee has to do is listen when they have a moment and they’re instantly caught up. Other companies like eBay use a podcast to create stories on how their organization helps so many out of poverty WITHOUT sounding like a late night infomercial.
Podcasts are growing at an exponential rate, from organizations to networks to homemade shows, just as we saw with Netflix, we will see with podcasting.