The Global Smart Speaker Market is expected to reach USD 12.8 billion by 2025, from USD 2.1 billion in 2017 growing at a CAGR of 36.9 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Smart Speaker Market, By Intelligent Virtual Assistant (Alexa, Google Assistant, Siri, Cortana), By Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone) and Software), By Application (Smart Home, Consumer, Smart Office), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Complete report on Global Smart Speaker Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Smart Speaker Market
Smart speaker is defined as a smart audio playback and wireless device. It follows Bluetooth, Wi-Fi and other wireless protocol standards. Smart speaker controls home automation devices and control of common household tasks such as lighting, security monitoring, door lock, environmental control (thermostat), window shades, and more. It has various characteristics which include home assistance, voice control, music streaming music playback, compact size and many more. The benefits of using smart speakers are its good sound quality, flexible music listening, interaction with other devices and convenience to the user. It is mostly used in smart home, smart office and others. Example of smart speaker is Zettaly’s Avy is a bluetooth speaker with full Android capability.
For instances, in 2018, Google Home and Home Mini has launched smart speakers in India whichsupports Google Play Music, YouTube, Netflix, Saavn and Gaana. It has dual band WiFi (2.4GHz/5GHz), Bluetooth (only on Home Mini), far field microphones and supports both Android and iOS devices.
Furthermore, in 2018, Yandex launched $160 smart speakers for digital assistant ‘Alice’. It operates on mobile and desktop search, as well as on in-car navigation app. It used for music streaming, discounts on taxi rides and ad-free web TV.
Key Questions Answered in Global Smart Speaker Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Smart Speaker Market in 2025?
- What are the key factors driving, Analysis by Applications and Countries Global Smart Speaker Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Smart Speaker Market?
- Who are Opportunities, Risk and Driving Force of Global Smart Speaker Market?
- Who are the opportunities and threats faced by the vendors in Global Smart Speaker Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Smart Speaker Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- com Inc.
- Apple Inc.
- Bose Corporation.
- Altec Lansing/AL Infinity, LLC.
- SK TELECOM CO., LTD.
- among others.
Key Reasons to Purchase:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Smart Speaker Market and its commercial landscape.
- Assess the Smart Speaker production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Smart Speaker Market and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Smart Speaker Market.
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Major Market Drivers:
- Growing number of smart homes
- Rising disposable income
- Rapid proliferation of multifunctional devices
- Growing trend of personalization
- Issues related to connectivity range, compatibility, and power.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Smart Speaker market
- Analyze and forecast the Smart Speaker market on the basis of applications and reactor type
- Trends of key regional and country-level markets for applications and reactor type
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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Customize report of “Global Smart Speaker Market” as per customers requirement also available.
Global Smart Speaker Market is segmented on the basis of
- Intelligent Virtual Assistant
Market Segmentations in Details:
By Intelligent Virtual Assistant
- Google Assistant
- Smart Home
- Smart Office
- North America
- South America
- Middle East & Africa
Competitive Analysis: Global Smart Speaker Market
The global smart speaker market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart speaker market for global, Europe, North America, Asia pacific and South America.
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