Press release
Smart Speaker Market Is Forecast to Exceed CAGR of 34.15% during 2019-2023; Details study in updated key players: Google Corporation, Amazon, Terratec, Edifier, Samsung Electronics, Philips
Smart Speaker Market
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.
Top Leading Players:
The leading players in the market are Google Corporation, Amazon, Terratec, Edifier, Samsung Electronics, Philips, JBL, and Sony Corporation and others.
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The Smart Speakers Market is segmented as follows-
By Technology:
Bluetooth
Wi-Fi
NFC
By Product:
Single Room
Double Room
Multi Room
Industry Outlook:
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. Technological advancement, for example, coordination of virtual associate programming has cleared new pathways for the development of the smart speaker market. Virtual aides are anticipated to encounter high development amid the estimate time will also drive the market in the upcoming years. For example, Google Home is a voice enacted speaker that is controlled by Google Collaborator. It permits numerous client accesses with voice recognizing and acknowledgment abilities to offer a customized client encounter.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
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
8.5.1.Business Overview
8.5.2.Technology Portfolio
8.5.3.Strategic Developments
8.5.4.Sales, Revenue and Market Share
8.6. Creative
8.6.1.Business Overview
8.6.2.Technology Portfolio
8.6.3.Strategic Developments
8.6.4.Sales, Revenue and Market Share
8.7. JBL
8.7.1.Business Overview
8.7.2.Technology Portfolio
8.7.3.Strategic Developments
8.7.4.Sales, Revenue and Market Share
8.8. Philips
8.8.1.Business Overview
8.8.2.Technology Portfolio
8.8.3.Strategic Developments
8.8.4.Sales, Revenue and Market Share
8.9. Logitech International SA
8.9.1.Business Overview
8.9.2.Technology Portfolio
8.9.3.Strategic Developments
8.9.4.Sales, Revenue and Market Share
8.10.Samsung Electronics
8.10.1.Business Overview
8.10.2.Technology Portfolio
8.10.3.Strategic Developments
8.10.4.Sales, Revenue and Market Share
To be Continued...
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.
Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Smart Speakers Market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Global Smart Speakers Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. 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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