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Global Market for Smart Speaker Market to Register Impressive Growth During 2017-2027
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The most trending smart speakers are the ones integrated with Google Home and Amazon Echo which can automate digital tasks along with playing high-quality sound. The smart speakers can work equivalently to the smartphones. Siri and Cortana are also now included in smart speakers.
Smart Speaker: Drivers and Restraints
The factors driving the market of smart speakers are the advancement in audio technology, growing number of smart homes, Growth in wireless technology and rising penetration of smartphones and smart devices and product innovation with the integration of new technologies and services.
The factors impeding the growth of smart speakers are the threat to privacy, an explosion in the system, compatibility issues with all smartphones and other devices and lack of standardization.
Smart Speaker: Segmentation
Segmentation based on connectivity with the speaker in Smart Speaker Market:
Wi-Fi connectivity
Bluetooth connectivity
Segmentation based on the price range in Smart Speaker Market:
Premium
Mid-range
Low range
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Smart Speaker: Competitive Landscape
The key players of the smart speaker market are Amazon.com, Inc., Google Inc., Apple Inc., Harman International Industries, Panasonic Corporation, Sonos Inc., Sony Corporation, LG Electronics Inc., Logitech International S.A. and Samsung Electronics.
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