Everybody's Talkin' - Smart Speakers & Their Impact on Music Consumption
21 Mar 2018
Smart speakers will fuel the next wave of music consumption and market growth, says new BPI & ERA joint report.
Smart speaker household penetration is rising rapidly and is set to surge.
Users of the voice-activated technology consume more music.
Adoption of this technology will encourage shared listening and a possible shift away from radio towards on-demand streaming.
Streaming subscriptions will be boosted, along with new opportunities to sell physical formats.
A new report produced jointly for record labels body, the BPI, and ERA – the Entertainment Retailers Association – examines the exciting potential of voice-controlled smart speakers to transform how fans engage with music.
It considers how this new AI-driven technology is sparking the next wave of music consumption, fuelling further growth in streaming and subscriptions whilst also establishing a new e-commerce platform for sales of physical product.
Music Ally/ BPI/ ERA; Publ Mar. 2018
Subscribe to the MusicTank newsletter by entering your details below:
Thank you for signing up to the MusicTank newsletter!