Edison Research has released their "10 for ’20", an end of the year recap of research results.
Despite the circumstances of quarantine, Edison Research says they were fortunate enough to continue to do market research projects and talk to thousands of people about their audio habits, their views on the economy, and their voting choices as well.
According to the Edison 10 for '20: The three defining news stories of 2020 were the global pandemic from Covid-19, the U.S. presidential election, and a time of racial awakening and reckoning across the country. Those three wound their way through all of Edison's research this year, which is one of the reasons the researchers at Edison conclude it's impossible for rank the 10 for ‘20 list.
Here are just five their findings from 2020:
➤U.S. audio consumption changed as a result of COVID-19
Listening location changed dramatically in second quarter with 70% of total listening taking place at home, down from 49% pre-quarantine. Third quarter saw some listening shift away from home, with 59% of total listening taking place at home. Americans’ audio day started later as quarantine restrictions began. Before the pandemic, half of all respondents in Share of Ear had recorded some type of audio consumption by 7:15. During the quarantine restrictions of second quarter, that time shifted forward by 75 minutes so that half of respondents had recorded some type of audio consumption by 8:30. In third quarter, that time had only bounced back to 8:15am.
➤100 Million Americans listen to Podcasts Monthly
While we still haven’t hit ‘peak’, this is the year where podcasting hit over 100 million monthly listeners. After years of single-digit growth, that’s more than a 40% increase in a two year period. Compared to the explosive growth of monthly podcast listening in the last five years from 21% of the US population in 2016 to 37% in 2020, monthly Twitter usage has essentially stayed the same 17% of the US population in 2016 and 17% in 2020. That means today, well over twice as many people listen to a podcast every month than use Twitter monthly.
➤Spoken Word’s share of audio listening increased 30% over the past six years, 8% in the last year; growth driven by women, African-Americans, Latinos and 13-34-year-olds
2020 was a good year for Spoken Word audio, including sports talk and play-by-play, talk and personality audio programming, and audiobooks. The share of time spent listening to spoken word audio in the U.S. increased by 30% in the past six years, and 8% in the just the last year. The highest levels of growth are coming from women, African-Americans, Latinos and 13-34-year-olds. In addition to the convenience and multitasking benefits of spoken word audio, listeners tuned in for personal growth, better content, and the positive effects on mental health.
➤55% of Gen Z listeners are reached by AM/FM radio every day
Their study shows that 55% of all Gen Zs listen to AM/FM radio each day, so they recorded at least some radio listening into their Share of Ear diary. This just surpasses our estimate for streaming. In an environment where radio people are constantly hearing that no young people listen to the radio anymore, this is powerful proof that it is not the case. More than half said they listen every day. Of the time spent listening to all audio among 13-24 year-olds, 22% of it goes to AM/FM radio.
➤60 million Americans now own a smart speaker, and usage increased during quarantine
Twenty-four percent of people in the U.S own at least one smart speaker – around 60 million people. Over one-third of U.S. adult smart speaker owners say they are using their device more to listen to music and entertainment since the outbreak – and younger Americans, those 18-34-year-olds, are even more likely to turn to the device for a diversion – a little over half – or 52% — of young Americans said they are using smart speaker for music and entertainment since the pandemic started.
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