In the US market, there is potential growth and a great pace seen for audiobooks.
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IBISWorld data indicated that the revenues from all the players in the market could hit $1.2 billion in 2022.
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The Spotify industry may show a growth rate of 1.4% in 2022.
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In a blog, Spotify announced its intention to create a platform a one-stop destination for everyone's listening needs.
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In the US there is an entirely new library of content overnight and several changes in apps.
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Once the user selects any audiobook they can hear its summary preview and then decide to purchase.
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The audiobooks in Spotify allow users to listen to audiobooks in online mode and even offline mode.
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There is a bookmarking feature that helps users to start where they left the book the last time.
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This platform designed for amateur audiobook creators and also hinted that it would see an enormous expansion in the coming days.
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