Connected Home Audio Devices and Internet Radio Market to Exceed $1B
According the Strategy Analytics, the connected home market will see a turnover of more than $1 billion this year. The report titled, “Internet Radio and Connected Home Audio Devices (CHAD): Connecting Homes with Music,” found that a total of 3.3 million connected in-home audio devices were sold last year an increase of 57 per cent on previous year. The report also found that the user demographics of current CHAD owners are skewed toward young and male user groups.