As we witness the spoken audio industry (audiobooks and podcasts) evolve, it is important to remember its very humble beginnings; a once dormant form of entertainment, embraced by niche audiences, has become one of the fastest growing segments in entertainment. This growth was catalyzed by the proliferation of smartphones and other connected devices, which have allowed authors and podcasters to reach new audiences. As the number of listeners multiplies at a rapid pace, content creators and strategics alike have rushed in to capitalize on the boom.

In the following report, we will discuss these trends and other takeaways we have gleaned from recent events.