The Global Smart Speaker Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Smart Speaker market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
The global smart speaker market size is expected to reach USD 23.93 billion in 2028 at a CAGR of 16.9% during the forecast period, according to the latest report by Emergen Research. Increasing demand for smart appliances and devices due to growing trend of smart homes, rising preference for connected devices, and availability of technologically advanced smart devices are key factors expected to drive market revenue growth over the forecast period. In addition, introduction and launch of smart speakers with advanced features, support for popular voice assistants, and reasonable prices are some other key factors expected to further fuel revenue growth of the market going ahead.
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The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Smart Speaker market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Key Players Profiled in the Report are:
Apple Inc., Alphabet Inc., Amazon.com, Inc., Sony Corporation, Lenovo Group Ltd., Xiaomi Corporation, Altec Lansing, Inc., SK Telecom Co., Ltd., Onkyo Corporation, Baidu, Inc
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Smart Speaker market expected to boost the growth of the industry in the coming years.
Smart Speaker Market Segmentation:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
Application Outlook (Revenue, USD Billion; 2018–2028)
- Smart Office
- Smart Home
- Others
Intelligent Virtual Assistant Outlook (Revenue, USD Billion; 2018–2028)
- Google Assistant
- Alexa
- Siri
- Cortana
- Others
Key Questions Answered in the Report:
What is the growth rate of the Smart Speaker market? What is the anticipated market valuation of Smart Speaker industry by 2027?
What are the key growth driving and restraining factors of the Smart Speaker market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Smart Speaker industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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