Global Smart Speaker Market Research Report 2018-2023 | Revenue to Cross $19 Billion by 2023 | Arizton

Arizton Advisory & Intelligence announces the publication of latest market research report on global smart speaker market. The report consists 226 pages of exclusive information about the market size, market trends, drivers, major segments and their revenue contribution, analysis of the smart speaker market revenues and sales in major geographies and profiles major vendors as well as other prominent vendors leading the global smart speaker market.
Analyst at Arizton say that the global smart speaker market size is expected to reach revenues around $19 billion by 2023, growing at an impressive CAGR of approximately 31% 2018–2023.

The top trends and drivers boosting the market growth are
• Voice Searches Gaining Prominence
• Increasing Penetration of Internet
• Increased Adoption of Smart Homes
• Increasing Popularity of Voice-first Technology
• Increased Investment in IoT by Vendors
• Increasing Influence of Internet in Shaping End-users' Purchasing Behavior

The proliferation technology that led to the transformation of customer's experience and human interaction is one of the primary factor driving the growth of the global smart speaker market. The leading vendors are leveraging voice-assistance technology that offers ease and convenience to end-users to gain a larger global market share. Some of the most popular virtual voice assistants such as Siri (Apple), Alexa (Amazon), Google Assistant (Google), and Cortana (Microsoft) are used across various smart appliances in the global market. The development of trade and manufacturing units, increasing investment in advanced economies, decreasing deflationary pressures, and increasing import demand from commodity-exporting developing and emerging markets will create a requirement for smart tech in the global market. The launch of new product model that is designed to provide ease-of-use along with a taste of innovation will drive the demand for these products in the global market. The rise in per capita income, high adoption of smart homes, and growth of dual-income households will result in the increasing spend on smart devices in the global market. The growing awareness about innovations and penetration of connected devices will create a demand for wireless speakers and other such products in the global market. The integration of voice-assistance technology in household appliances will augment the evolution of the global smart speaker market.

Looking for more information on Global Smart Speaker Market? Click here: https://www.arizton.com/market-reports/smart-speaker-market-size-share-growth-analysis

The study considers the present scenario of the global smart speaker market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Major Vendors in the Global Smart Speaker Market
• Alphabet (Google)
o Alphabet (Google) in the Global Market
• Amazon.com
• HARMAN International
• Alibaba Group
• Sonos

Prominent Players in the Global Smart Speaker Market
• Anker Innovations
• Apple
• Avnera
• Baidu
• Beijing LingLong (JD.com)
• Deutsche Telekom
• Fabriq
• Facebook
• Invoxia
• Jam Audio
• KaKao
• KT
• Lenovo
• LG Electronics
• Libratone
• LINE
• Mobvoi
• Mycroft AI
• Naver
• NVIDIA
• Onkyo & Pioneer
• Orange
• Panasonic
• Samsung
• SK Telecom
• Sony
• Telefonica
• Tencent
• Ultimate Ears
• Xiaomi
• Yandex

Market Segmentation by Distribution Channel
• Retail
o Specialty Store
o Mass Market Store
o Electronic Stores
• Online

Market Segmentation by End-users
• Residential Users
• Commercial Users

Market Segmentation by Geography
• North America
o US
o Canada
• APAC
o China
o South Korea
• Europe
o UK
o Germany
• ROW

Order a report now for the detailed market size by (first-party devices and third-party devices), by distribution (retail (specialty store, mass-market store, and electronic stores) and online channels), by end-users (residential users and commercial users), and by geography (APAC, Europe, North America, and ROW).

Click here: https://www.arizton.com/market-reports/smart-speaker-market-size-share-growth-analysis

About Arizton Advisory & Intelligence

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
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This release was published on openPR.