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Spotify Technology SA is locking horns with Amazon.com Inc’s Audible with the launch of its audiobook service in the United States.

The Swedish firm said in a blog on Tuesday that Spotify users in the country will have access to more than 300,000 audiobook titles.


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Users will be able to browse the catalog on the Spotify app and make purchases through the website, similar to the purchase of a Spotify subscription.

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According to media consultancy Omedia, the audiobook market was estimated to be $4.8 billion in 2021 and expected to grow to $9.3 billion by 2026 at a nearly 14% compound annual growth rate.

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Spotify has charted an aggressive expansion path as it looks to supplement its earnings from music streaming with other revenue-generating formats like podcasts, on which it has spent more than $1 billion to add popular names. such as who is sick to its roster.