Smart Speaker Market : Release Latest Trends & Industry Vision To 2025 - Comprehensive Analysis of Leading Market Players - Amazon.com Inc., Apple Inc., Alibaba Group, Alphabet Inc. (Google Inc.), Xiaomi, Samsung Electronics Co. Ltd., Baidu Inc., and Plan

The global smart speaker was valued at $4,358 million in 2017, and is projected to reach $23,317 million by 2025, registering a CAGR of 23.4% from 2018 to 2025. In 2017, based on intelligent virtual assistant, the Amazon Alexa segment is anticipated to dominate the global smart speaker market in terms of revenue. Furthermore, based on end user, smart speakers were majorly bought for personal use as compared to commercial use. The growth of smart speakers is driven by the affordable price of smart speakers and greater utility provided by them to the consumers. Advancement in microphones, automated speech recognition technology, and natural language processing enables the smart speaker to identify and process the voice command of the user with utmost precision. Various market players, such as Amazon offers Amazon Echo powered by virtual assistant known as Alexa and Google provides Google Home powered by virtual Google assistant. These lead the smart speaker market in terms of value and volume.

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At present, North America dominates the market, followed by Europe. In 2017, the U.S. was dominant in the North America market, while Germany is expected to lead at a significant growth rate in Europe.

Proliferation of smart home devices is the significant factor, which currently drives the growth of the smart speakers market. Other factors, which influence the market growth are increase in consumer readiness to invest on trending technologies and increase in usage of smart devices among the younger generation. Also, the development of partnerships between smart home manufacturers and creators of smart speakers enables smooth integration of smart home devices with the smart speaker. This proves to be a key factor in the adoption of smart speakers.

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Table of Content

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porters five forces analysis

3.3.1. Moderate to High bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. High threat of substitutes
3.3.4. Moderate to high intensity of rivalry
3.3.5. Moderate to high bargaining power of buyers

3.4. Market share analysis (2017)
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Proliferation of smart home devices.
3.5.1.2. Increasing demand for multifunctional devices.
3.5.1.3. Rise in disposable income and greater inclination towards technological products among millennials

3.5.2. Restraint

3.5.2.1. Privacy and security concern
3.5.2.2. Localization of languages

3.5.3. Opportunities

3.5.3.1. Establishment of 5G infrastructure
3.5.3.2. Advancement of Natural Language Processing (NLP)

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Chapter: 4: SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT

4.1. Overview
4.2. Amazon Alexa

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Google Assistant

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Siri

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Cortana

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. Others

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

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