NPR and Edison Research team up every year to release The Smart Audio Report, which covers important trends in smart speaker ownership and use cases. Smart speakers have emerged as a booming market as consumers use the devices to access music streaming services, control smart-home gadgets, or request basic information on any number of topics, among other uses. The data is derived from a survey of U.S. adults (n = 1,002) that was conducted from Dec. 31 through Jan. 5.
Here's what investors need to know about the state of the smart speaker market.
Amazon's Echo Studio. Image source: Amazon.