In 2015 two students in Taiwan, Howard Yang and Andy Huang, wrote the voice-centric social networking app “Goodnight,” aimed at helping people find new friends. Through word of mouth alone, in just nine months they got some 300,000 downloads.
In 2020, as the Covid-19 pandemic raged across the world, closing down cities and alienating people from one another as they moved toward working from home, more and more people turned to technology for comfort, from the voice-only social networking tools Clubhouse and Goodnight to audio programming in the form of podcasts.
Goodnight, which has successfully expanded into overseas markets including Japan, South Korea and Thailand, has now accumulated a hopping 11 million downloads. In Taiwan alone, during the Covid outbreak in 2021, user activity blew up: “Even people who don’t usually use this kind of social software began giving it a try,” observes Andy Huang.
Taiwan’s largest podcast platform, SoundOn, has data that supports Huang’s observation. Founded in 2019, SoundOn began with just 300 podcast episodes, but today it hosts over 10,000. According to the 2021 Sound Economy Report, released by SoundOn, between the start of the outbreak in Taiwan in May 2021 and the lowering of the alert level to Level 2 in July, the number of hours of podcasts created shot up, and even after the outbreak eased, unique downloads from the platform continued to grow at a rate of 200% per year. Andy Huang, who is CEO of SoundOn, says, “The pandemic has absolutely accelerated and catalyzed the take-off of the audio economy.”
But ultimately, the true reason for the rise of the “audio economy” is not simply the pandemic. Kentaro Ogata, founder of Japanese podcast platform Voicy, has offered this analysis: Advancements in voice technologies (speech recognition, voiceprint recognition, etc.), the popularization of listening devices like smart speakers and wireless headphones, and the expansion of listening habits, are the biggest factors driving the growth of the audio economy.
Seeing the potential for development in the audio market, the major US tech giants Google, Amazon, Meta, and Apple have all made moves, while Microsoft, Twitter, Spotify, and others have also turned their attention to podcasts and online voice communities.