Heres a promising metric for Amazon, in terms of its ability to maintain its current lead in the voice computing market: 42 percent of smart speaker owners have two or more devices, according to Edison Research. This figure is seemingly growing, too. Last year, there were about 1.18 Amazon Echo devices per Alexa household, but this new finding pushes the number to around 1.5 to 1.6 smart speaker devices per household.
Not exactly apples to apples, but Echo still dominates.
Amazon today has a solid lead in voice computing, despite new entrants on the market like Google Home and soon, Apples HomePod. A recent survey estimates that Amazon has sold more than 10 million Alexa-powered Echo devices since late 2014. Morgan Stanley believes that figure could be more than 11 million. Amazon is also forecasted to control 70 percent of the voice-controlled speaker market this year.
The new metrics were first published by Voicebot, citing figures shared by Edison Researchat the RAIN conference on Wednesday. [Update: Edison says their statements were meant to refer to smart speaker devices, generally, not Echo specifically, as originally reported by Voicebot. We have corrected this. Apologies.]
These findings are important for several reasons.
For starters, it means that a large chunk of Amazon Echo owners are sold on the benefits of voice computing after all, you wouldnt buy a second device if you didnt find any use for the first.
It also holds promise for Amazons newer Alexa-powered devices, like the fashion camera Echo Look and the first Echo device with a screen, the Echo Show. The latter is launching next week, and has already found a practical use case beyond displaying video, video calls, and other visual content on its 7-inch screen it can display your smart home camera feeds as well, Amazon announced this week.
Amazon has been smart by investing in different types of devices.
The Look or Dot could live your bedroom, for example, while the Show makes sense in the family room or kitchen. With different feature sets and functionality built-in cameras, a screen, etc. Amazon can capitalize on the existing demand for more voice devices by offering ones that can perform new tricks.
Its also tapping into consumers interest in using their voice-powered speakers outside the living room, which is where the Echo was originally intended to live. It did not stay put there, though. A study last fall found that 51 percent of Echo owners had the Echo in their kitchen. So what does Amazon launch next? A more kitchen-friendly device, of course one thats perfect for watching recipe videos, chatting with grandma, and keeping an eye on the kids playing outside aka the Echo Show.
Edisons new research report further delves into the habits of smart speaker device owners, largely confirming that the speakers arent just being bought, theyre being heavily used.
70 percent of smart speaker owners say they now listen to more audio at home, 65 percent said they wouldnt want to go back to not having a speaker in the home, and 42 percent claim the device is essential to their everyday lives.
In addition, the report indicates these voice speakers arent just something adults are using, but are rather becoming devices for the whole families. 90 percent of parents with a smart speaker said their kids are enjoying them, and 8 in 10 said it has made it easier to entertain the kids. In fact, 57 percent said they even purchased a speaker for that very purpose. (I know I did.)