Press release
Smart Speaker Market Overview and Industry Analysis - Comprehensive and Competitive Analysis of Dominating Market Players
Smart Speaker Market - Allied Market Research
Request Sample Report at www.alliedmarketresearch.com/request-sample/5017
The growth in demand for smart home and multifunctional devices, increase in consumer readiness to invest in trending technologies, the rise in disposable income, the greater inclination of tech-crazy young consumers, and growing adoption of advanced 5G network technology are aiding in the fast expansion of the smart speaker industry. On the other hand, the market growth is hampered by privacy and security concerns and localization of language spoken by intelligent virtual assistants. Moreover, 5G infrastructure and advancement of natural language processing (NLP) are likely to pave way for new opportunities in the market.
Siri segment expected to grow at the highest rate by 2025:
The intelligent virtual assistants majorly discussed in the study include Alexa, Google Assistant, Siri, and Cortana among others. The Amazon's Alexa generated the highest revenue in 2017, contributing to nearly two-thirds of the total market share. However, the Siri would grow at the highest rate in future, growing at a CAGR of 27.9% during the forecast period.
Low-price range to hold the highest market share by 2025:
The report is classified based on price range into low, mid, and premium. The low-price range segment currently accounted for the highest market share of nearly half of the total market share and is expected to continue its leadership position through 2025, followed by mid-price segment.
For Purchase Enquiry: www.alliedmarketresearch.com/purchase-enquiry/5017
The online segment to lead in terms of revenue and growth by 2025:
The study classifies the distribution channel segment based on online and offline. The former generated the highest market share of nearly 80% and contributed the revenue of $3.53 billion in 2017. This segment is expected to remain dominant by 2025, contributing the revenue of $19.14 billion.
The personal segment currently accounts for the highest revenue:
The study discusses the end-user segment based on personal and commercial. The personal segment is currently leading the commercial segment in terms of revenue along with a market share of around 82%. However, the commercial segment is likely to grow at the highest CAGR through 2025.
Request for Customization: www.alliedmarketresearch.com/request-for-customization/5017
North America to account for the highest revenue through 2025:
The report offers a country-level analysis of several regions including, North America, Europe, Asia-Pacific, and LAMEA. Among the regions under study, North America contributed to more than one-third of the market share, and is likely to account for the highest revenue in the global market throughout the forecast period, followed by Europe.
Big players dominating the market:
The report offers an extensive analysis of the leading players operating in the global smart speaker industry. The players analyzed in the report include
•Amazon.com Inc.
•Apple Inc.
•Alibaba Group
•Alphabet Inc. (Google Inc.)
•Sonos, Inc.
•Bose Corporation
•Xiaomi
•Samsung Electronics Co. Ltd.
•Baidu Inc. and
•Plantronics Inc. (Altec Lansing/AL Infinity, LLC)
These companies have adopted various strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to sustain their positions in the industry.
Speak with Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/5017
Affordable & innovative products, advancement in audio technology, and growing partnerships between smart home developers & Smart Speaker OEMs are some key factors leading to the growth of the smart speaker market.
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Speaker Market Overview and Industry Analysis - Comprehensive and Competitive Analysis of Dominating Market Players here
News-ID: 1294861 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Speak
SEQURIS GROUP TO SPEAK AT MADCAT
Sequris Group, LLC, a full-service information security company providing a complete range of cyber security and information security technologies and professional services, announces that Dennis Talluto will be speaking at the Michigan Automotive and Defense Cyber Assurance Team (MADCAT) Quarterly Meeting, to be held on TUE 23 MAY 2017, at the Success Center at Walsh College, 3838 Livernois Road in Troy.
Dennis Talluto, a Strategic Account Manager, has been concentrating his…
Kapil Gupta to Speak At OMCAR 2012
OMCAR 2012, about to be held on 13th January 2012 at New Delhi will see coming together of some of the biggest names from the online marketing industry and brands from various niches. Different brands addressing at OMCAR 2012 will talk about their successes and failures with social media! One amongst the speakers is Kapil Gupta, CEO & Founder, OMLogic Consulting.
Mr. Kapil Gupta, CEO & Founder, OMLogic Consulting shall…
Sanjay Mehta to Speak At OMCAR 2012
OMCAR 2012, about to be held on 13th January 2012 at New Delhi will see coming together of some of the biggest names from the online marketing industry and brands from various niches. Different brands addressing at OMCAR 2012 will talk about their successes and failures with social media! One amongst the speakers is Sanjay Mehta, Founder & Joint CEO, Social Wavelength.
Sanjay Mehta, Founder & Joint CEO, Social Wavelength is…
Pratik Mazumder to Speak At OMCAR 2012
OMCAR 2012, about to be held on 13th January 2012 at New Delhi will see coming together of some of the biggest names from the online marketing industry and brands from various niches. Different brands addressing at OMCAR 2012 will talk about their successes and failures with social media! One amongst the speakers is Pratik Mazumder, Head Marketing, Yatra.com.
Mr. Pratik Mazumder heads Marketing & Strategic Relations at Yatra Online Pvt.…
Speak-A-Message gets Facebook talking
Millions of people exchange personal messages on Facebook every day. This lively communication occurs almost exclusively in written form: as short text messages which are published on Facebook walls. Now German software vendor Inventivio has released a new application which provides an alternative to typing: Any Facebook user can create voice messages with the new version of 'Speak-A-Message', attach a photo and post to their Facebook wall. The message…
Akotherm: "We speak your language"
At the Bendorf-based aluminium system provider Akotherm, the preparations for the Bau 2011 trade fair are already underway. At the leading world construction trade fair and with the statement "we speak your language", the company will present itself as a contact who clearly identifies, understands and implements the requirements of metal constructor partners. Making use of new mobile communications opportunities, Akotherm is also implementing the first real "offline-online link" from…
