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Surprising New Study Shows 66% Of U.S. Streams Music, Amazon #1 Paid Music Service

October 13, 2015

Increasing usage of audio services will boost interest and adoption in connected audio devices and products, according to Parks Associates analysts.

"Advances in wireless streaming technology and a resurgence of interest in hi-resolution audio will stimulate consumer demand for Internet-connected audio devices," said Brad Russell, Research Analyst, Parks Associates. "Wireless speakers, multiroom audio systems, and soundbars constitute a growing home audio segment, which is offsetting declining sales in home theater and traditional audio components. Together, these three devices will generate $26 billion annually in global sales in 2020."

From the article "Surprising New Study Shows 66% Of U.S. Streams Music, Amazon #1 Paid Music Service" by Bruce Houghton.

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Surprising New Study Shows 66% Of U.S. Streams Music, Amazon #1 Paid Music Service

Previously In The News

What To Watch For At The Newfronts: Day Three

Cutting the cord: 59% of Americans have canceled cable TV, signaling the dominance of streaming giants Netflix, Hulu and Amazon

Report: U.S. Households Will Buy More Than 10 Million Smart Home Controllers in 2021

Amazon is driving more transaction-based revenue for TV networks and studios

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