Press release
Smart Speaker Market expected to reach CAGR growth 34.15% by 2023 | Google Corporation, Amazon, Terratec, Edifier, Samsung Electronics, Philips, JBL, and Sony Corporation
Smart Speaker Market
The leading players in the market are Google Corporation, Amazon, Terratec, Edifier, Samsung Electronics, Philips, JBL, and Sony Corporation and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Smart Speaker Market – Industry Highlights
The Smart Speaker Market was worth USD 0.64 billion in 2014 and is expected to reach approximately USD 9.02 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 34.15% during the forecast period. Internet of Things (IoT) is relied upon to be a central point for the development of the smart speaker market. The rising entrance of the web has stretched out to ordinary applications and has expanded the customer interest for shrewd gadgets that offer an extensive variety of functions. These gadgets are not restricted to the arrangement of sound and stimulation however have additionally stretched out their usefulness to incorporate an assortment of different applications, for example, critical thinking, live streaming of music and news, setting updates, and requesting of family unit supplies among others.
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Smart Speaker Market Segmentation:
Smart Speaker Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)
Bluetooth
Wi-Fi
NFC
Smart Speaker Market, Product, Estimates and Forecast, 2014-2023 ($Million)
Single Room
Double-Room
Multi-Room
Smart Speaker Market - Drivers & Restrains
Wi-Fi devices are picking up footing in the worldwide smart speaker market environment as they empower an immediate association with the home system and enable the client to get to the web and give longer range. This is a main consideration contributing towards the development of the smart speaker market section. Moreover, virtual right hand programming cannot work without the entrance to the web. Notwithstanding, these are moderately more costly as they require ceaseless availability to function. Security issues are the main consideration controlling the ascent of the smart speaker market. An extensive number of these frameworks are created with a prime spotlight on tuning in to vocal charges. Thus, the web associated mouthpiece inside these frameworks can get on summon watchwords notwithstanding when the framework is not being utilized, inferable from which individual client information can be enrolled without the learning of the client. Moreover external sources can hack into the framework and concentrate secret data and utilize it for odious purposes, making it inclined to digital assaults.
Smart Speaker Market - Regional Outlook and Trend Analysis
North America region is expected to represent highest share in the upcoming years. Client centre around accommodation and slant towards the high appropriation of extravagance merchandise in the district is relied upon to fuel industry request. APAC industry income is relied upon to have high development amid the conjecture era. Low cost labour, diminishing crude material costs, and industry computerization patterns are anticipated to add to the business development. Also, in economies, for example, China and India, the rising entrance of LTE and 3G/4G joined with low utilization expenses will prompt high reception.
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Smart Speaker Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Smart Speaker Market - Table of Contents:
Table of Contents
1. Introduction
2. Executive Summary
3. Market Overview
4. Market Analysis by Regions
5. Smart Speaker Market, By Technology
6. Smart Speaker Market, By Product
7. Smart Speaker Market, By Region
8. Company Profiles
8.1. Amazon.com, Inc.
8.1.1. Business Overview
8.1.2. Technology Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Altec Lansing
8.2.1. Business Overview
8.2.2. Technology Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Bose Corporation
8.3.1. Business Overview
8.3.2. Technology Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Apple Inc
8.4.1. Business Overview
8.4.2. Technology Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Edifier
9. Global Smart Speaker Market Competition, by Manufacturer
9.1. Global Smart Speaker Sales and Market Share by Manufacturer (2016-2017)
9.2. Global Smart Speaker Revenue and Market Share by Manufacturer (2016-2017)
9.3. Global Smart Speaker Price by Region (2016-2017)
9.4. Top 5 Smart Speaker Manufacturer Market Share
9.5. Market Competition Trend
10. Smart Speaker Market Forecast (2018-2023)
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Reason to Buy:
1) An extensive research study on the Global Smart Speaker Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Smart Speaker Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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