Growing Audiobook Market — The audiobook market is growing year by year, with a significant increase in the number of people listening to audiobooks, despite being relatively small compared to the overall book publishing market.
Why People Listen — People listen to audiobooks because they provide a chance to relax and absorb a performance, often during commutes, workouts, or other activities where reading is not feasible.
Diversified Consumption — The growth of the audiobook market is also driven by the increasing diversification of ways to consume audiobooks, including tablets, phones, laptops, and other digital devices.
Lower Barriers to Entry — The production environment for audiobooks has shifted, with lower barriers to entry and more accessible technology, making it possible for non-professionals to create and produce audiobooks.
Emerging Opportunities — The growing audiobook market presents new opportunities for individuals to create and produce audiobooks, with the potential for a lucrative and sustainable career in the industry.