Digital Audio Advertising - Worldwide

  • Worldwide
  • Ad spending in the Digital Audio Advertising market worldwide is forecasted to reach €10.93bn in 2024.
  • The market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 6.63%, leading to a projected market volume of €15.07bn by 2029.
  • With a projected market volume of €6,564.00m in 2024, the majority of revenue is anticipated to be generated the United States.
  • It is estimated that the number of listeners in the Digital Audio Advertising market will reach 1.6bn users by 2029.
  • The average ad spending per user in the Digital Audio Advertising market is projected to be €9.03 in 2024.
  • Furthermore, 78% of total ad spending is expected to come from mobile in 2029 within the Digital Audio Advertising market.
  • Digital Audio Advertising in the Worldwide market is experiencing a surge in demand as streaming services gain popularity among consumers.

Key regions: United States, France, India, Asia, Japan

Region comparison

Analyst Opinion

The Digital Audio Advertising market is experiencing significant growth worldwide, driven by changing customer preferences and technological advancements.

Customer preferences:
Customers are increasingly turning to digital audio platforms for their entertainment needs. The convenience and accessibility of streaming services and podcasts have made them popular choices for consuming music, news, and other audio content. As a result, advertisers are recognizing the potential of digital audio advertising to reach a highly engaged audience.

Trends in the market:
One of the key trends in the digital audio advertising market is the rise of programmatic advertising. Programmatic advertising allows advertisers to target specific audience segments and deliver personalized ads in real-time. This level of targeting and personalization is highly appealing to advertisers, as it helps them reach the right audience with the right message at the right time. Additionally, programmatic advertising offers greater efficiency and cost-effectiveness compared to traditional advertising methods. Another trend in the market is the increasing popularity of voice-activated devices. Smart speakers and virtual assistants, such as Amazon Echo and Google Home, have become common household items. These devices provide a seamless audio experience and offer opportunities for advertisers to engage with consumers through voice-activated ads. As the adoption of voice-activated devices continues to grow, so does the potential for digital audio advertising.

Local special circumstances:
In the United States, the digital audio advertising market is driven by the popularity of streaming services like Spotify and Pandora. These platforms have a large user base and offer targeted advertising options, making them attractive to advertisers. Additionally, the rise of podcasts has opened up new opportunities for brands to reach niche audiences through sponsorships and ad placements within podcasts. In Europe, the digital audio advertising market is influenced by the strong presence of public service broadcasters. These broadcasters have a wide reach and offer high-quality content, making them a desirable platform for advertisers. Additionally, the European market is characterized by a diverse range of languages and cultures, which presents both challenges and opportunities for advertisers looking to target specific regional markets.

Underlying macroeconomic factors:
The growth of the digital audio advertising market is supported by several macroeconomic factors. Firstly, the increasing penetration of smartphones and internet connectivity has made digital audio platforms more accessible to a larger audience. This has expanded the potential reach of digital audio advertising. Secondly, the shift towards digital advertising in general has contributed to the growth of the digital audio advertising market. Advertisers are allocating more of their budgets to digital channels, recognizing the advantages of targeting and personalization that digital advertising offers. Lastly, the COVID-19 pandemic has accelerated the adoption of digital audio platforms. With people spending more time at home and seeking entertainment options, the demand for digital audio content has increased. Advertisers have recognized this shift in consumer behavior and are investing in digital audio advertising to reach a captive audience. In conclusion, the worldwide digital audio advertising market is experiencing significant growth due to changing customer preferences, technological advancements, and underlying macroeconomic factors. Advertisers are increasingly recognizing the potential of digital audio advertising to reach a highly engaged audience and are leveraging programmatic advertising and voice-activated devices to enhance their campaigns. Local special circumstances, such as the popularity of streaming services and public service broadcasters, play a role in shaping the digital audio advertising market in specific regions. Overall, the market is expected to continue growing as more consumers embrace digital audio platforms and advertisers seek innovative ways to engage with their target audience.


Data coverage:

Data encompasses enterprises (B2B). Figures are based on digital audio advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers pre- and in-stream audio ads and 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., Consumer Insights Global 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, media consumption, internet users, and digital consumer spending.


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.


  • Ad Spending
  • Key Players
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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