Press release
Smart Speaker Market Analysis to 2024 with Amazon, Apple, Google, Sony, Onkyo Corporation, Fabriq, Lenovo, Alibaba Group, Altec Lansing, Harman International, Invoxia, Libratone, Sonos, Inc., LG Electronics, Pioneer, SK Telecom dominating
The smart speaker market is expected to witness a surging demand due to the increasing demand for personalization. The majority of early adopters of these devices are affluent, educated millennials. However, the devices are gaining traction among other demographic groups such as young gen X and children. These devices allow a high degree of personalization that appeals to consumers, propelling the smart speaker market growth.Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1757
Increasing concerns regarding compatibility are expected to restrain the smart speaker market size. The new devices, such as Sonos One and Samsung Bixby, are facing compatibility issues with devices such as Belkin’s WeMo range of switches, Philips Hue, and LIFX. Several devices and standards only support one system. For instance, Google Home is not compatible with the Amazon Fire TV and Amazon Echo is not compatible with Casting technology by Google. This will restrict the smart speaker market demand over the forecast timespan.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Alibaba Group
• Altec Lansing
• Amazon
• Apple
• Avnera
• Baidu, Inc.
• Fabriq
• HARMAN International
• invoxia
• Lenovo
• LG Electronics
• Libratone
• Mobvoi 出门问问
• Mojo Networks, Inc.
• Onkyo Corporation
• Panasonic
• Pioneer Electronics
• SK Telecom
• Sonos, Inc.
• Sony
• Ultimate Ears
• Xiaomi Technology
World Smart Speaker Market is set to grow from its current market value of $4.5 billion to more than $30 billion by 2024, to grow at 20% CAGR
Smart Speaker Market, By Intelligent Virtual Assistant
• Alexa
• Google Assistant
• Siri
• Cortana
• Others
Smart Speaker Market, By Application
• Personal
• Professional
• Commercial
Google for instance, recently made it to the headlines for having announced its supposed launch of homegrown smart display later this year. The Google Home family, comprising the standard Home, the premium Home Max, and the affordable Home Mini, would indeed provide stiff competition to Amazon’s Echo Show with this introduction.
The United States being one of the most progressive nations as far as technological penetration is concerned, observes an upper hand in the global smart speaker industry. Increasing regional demand for wireless connection and rising IoT applications is driving the U.S. smart speaker market. But the one factor that has been undeniably impelling the regional industry is the escalating penetration of smart homes in the nation.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1757
As per reliable estimates, global smart home market is predicted to cross USD 53 billion by 2022, a commendable share of which is expected to be accountable by North America. A recent survey even reveals that more than 55% of the U.S. respondents were confident that smart homes would drastically change their lives in the next few years.
U.S. smart speaker industry contender Amazon made it to the headlines for having set up model smart homes across the United States so that shoppers conveniently experience how it is like for Alexa to perform tasks like ordering stuff online, dimming the lights, or turning on the TV. Powered by the robust demand for internet-enabled products and services and the rising proliferation of smart products owing to their advantages such as luxury, safety, convenience, and entertainment, the U.S. smart speaker market share is anticipated to register a CAGR of more than 25% over 2018-2024.
Browse Full Report @ https://www.gminsights.com/industry-analysis/smart-speaker-market
Despite having associated risks such as security breaches and data threats, the smart speaker industry is certain to witness a phenomenal demand over the coming years. The projected growth curve of this market aptly justifies that this vertical holds a tremendous set of opportunities for application developers, component suppliers, network operators, and several other vendors. Global Market Insights, Inc., projects the overall smart speaker market size to register a massive CAGR of 20% over 2018-2024.
The key players in the smart speaker market include Alibaba, Altec Lansing, Amazon, Apple, Avnera Corporation, Baidu, Fabriq, Googl, Harman International, Invoxia, Lenovo, LG Electronics, Libratone, Mobvoi, Mojo, Onkyo, Panasonic Corporation, Pioneer, SK Telecom, Sonos, Sony, Ultimate Ears, Xiaomi
Browse Related Report:
Streaming Devices Market Size By Price (USD 30 – 100, USD 101 – 250), By Resolution Type (4K UHD, 1080p, 720p), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa), Application Potential, Competitive Market Share & Forecast, 2017 - 2024
https://www.openpr.com/news/1284689/Streaming-Devices-Market-By-Component-Technology-Application-Region-Manufactures-Amazon-com-Apple-Azulle-Google-LLC-HUMAX-Intel-Corporation-Leelbox-Logitech-International-S-A-Matricom-MyGica-NBOX-Player-NOW-TV-NVidia-Corporation-Roku.html
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
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 Analysis to 2024 with Amazon, Apple, Google, Sony, Onkyo Corporation, Fabriq, Lenovo, Alibaba Group, Altec Lansing, Harman International, Invoxia, Libratone, Sonos, Inc., LG Electronics, Pioneer, SK Telecom dominating here
News-ID: 1378983 • Views: …
More Releases from Global Market Insights, Inc

Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…

Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…

Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…

Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Amazon
Amazon Marketplace Management
GrowithAmazon offers expert Amazon Marketplace Management, providing sellers with everything they need to succeed on Amazon's platform. We specialize in a wide range of Amazon-related services including SEO (Search Engine Optimization), PPC (Pay-Per-Click) management, and digital marketing strategies designed to maximize sales and brand visibility. Our team understands the intricacies of the Amazon marketplace and works to optimize product listings, improve rankings, and enhance your overall performance. We operate globally,…
Amazon Accident Lawyer Holds Amazon Accountable For Delivery Vehicle Accidents
Image: https://www.getnews.info/wp-content/uploads/2024/06/1719186970.jpeg
As a member of a nationwide group of lawyers, Kevin Coluccio of Coluccio Law is fighting Amazon's failure to accept any responsibility when one of the vans delivering its products causes an accident. Amazon takes the position that the delivery van drivers are working for a third-party company and refuses to assume any legal responsibility for damage or injuries resulting from the accident.
Kevin Coluccio and Coluccio Law are…
Boostaro Amazon Reviews: Truth Revealed By Amazon Reviews
Discover the power of Boostaro, the revolutionary health supplement crafted exclusively for men who refuse to settle for anything less than their peak performance. Now Boostaro Is Available on the official website and it is listed in Amazon
In today's fast-paced world, maintaining optimal health and vitality is more challenging than ever. Boostaro rises to this challenge, offering a comprehensive blend of potent, all-natural ingredients designed to support your physical…
ChilWell Amazon, Honest ChilWell Portable AC Amazon Reviews
ChilWell portable ac is a handy gadget that is used to supplement central air conditioners on the hottest summer day. It uses the cooling effect of evaporation to turn hot air into cold air. It does it without using any gaseous refrigerants, without increasing electric bills, and without making any annoying noise.
ChilWell AC is available on the official website at $89.99 Though the manufacturer promised more discounts when buying…
MiracleWatt In Amazon (legit or Not?): Shocking Result Revealed By Amazon Expert …
MiracleWatt is a versatile device designed to slash your monthly electric bills by up to 50%, allowing you to spend money on other needs. How can this be true? Sure, MiracleWatt Amazon Reviews is all you need to read.
Truly, it sounds strange at first. Is this not another tech hype? Well, you are right to doubt it, the truth is that many people are now believers. Thousands have been…
Heatwell Heater Amazon: Must Read Before Buying Heatwell Amazon.
Heatwell Review
Hey, are you searching for Heatwell heater Amazon, eBay, and Walmart? Well, we also did the same as we are trying our best to make sure you get every value you may ever want from this Heatwell heater reviews. Unfortunately, the Heatwell heater is only marketed by the company on its official website.
If you happen to find it on any third-party stores like Amazon, eBay, Walmart, BestBuy,…