2019 Smart Voice Assistant Market Analysis by Top Key Players - Fabriq, Jam Audio, HARMAN, Invoxia, Lenovo, Mattel, Mycroft and others

The “Smart Voice Assistant Market to 2025 – Global Analysis and Forecasts by Type and End-users” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments

“Smart Voice Assistant Market 2019” report gives distinctive insights worldwide market competition for Smart Voice Assistant. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the Smart Voice Assistant market.

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About the Smart Voice Assistant Market:

Studies on human interaction with technology shows that unique consumer for world of virtual digital assistants will attain a value of more than 1.8 billion by the end of 2021 which was 390 million in 2015. Smart home devices are getting higher momentum in US as the country alone have 39 million users of the device. Whereas China accounts 52% of global smart speaker growth for voice search devices. In that Alibaba maintained half of the share of Chinese market by shipping 3 Million Tmall Genie speakers. The sale of smart voice assistant has took remarkable growth, Google has sold 5.4 Million Google Home models and Amazon has sold 4.1 Million Echo devices so far in 2018. The major driving factor of this growth is rising awareness about these devices with proper advertising and marketing and growing push for digital economy. Towards the end of 2018, it was foretell that voice tech pilot will be the foremost innovation in the realm of Smart Voice Assistant.

Top Key Players of Smart Voice Assistant market
Fabriq, Jam Audio, HARMAN, Invoxia, Lenovo, Mattel, Mycroft

Scope of the Report (Overlook 2019-2025):

You are looking for an upgrade version of your old smart speaker, some of these fits best. Firstly, the third-generation Amazon Echo Dot which has improved on sound quality and general design. On second position comes Apple HomePod encompasses high-quality superb sound, smart hone control, spatial awareness and Siri artificial intelligence. Then, Google Home has an attractive design, removable color bases and is a multi-room audio speaker.

Smart speakers are connected with Wi-Fi which assists you from playing music on smartphone or cloud to responding to your commands in like manner your smartphone do. These little helpers will help you in busy mornings while you are taking a shower, they will turn on your coffee maker, read a book while you are enjoying a cup of tea and look up the weather before leaving to the office. These smart speakers are available in all shapes, sizes and price tags.

To be clear, voice assistants are very useful and their application will continue to expand and become integrated into an increasing number of domains in our daily lives, but not in the omnipresent way that an AI assistant implies.

Last product that is Smart voice assistants or smart speakers have emerged from two distinct places and for the sake of good order they’ve largely converged. The concept of a voice-controlled speaker was introduced with Alexa on the Amazon Echo and since then added to third-party speakers and Amazon Fire TV devices. Initially, everyone was looking up it as way to play streaming music since it started with a speaker. As Amazon opened up Alexa to third parties, subsequently smart home providers ventured and now successfully let you do things like control your thermostat and lights by voice.

It is a proven fact that voice assistants are of high significance and their application will continue to expand and become integrated into higher number of domains of our routine. However, it is relatively a narrow field which implies that abundant voice samples are required to create a model that can detect, comprehend and transcribe voice commands during varied circumstances with different accents.

The most challenging part of smart voice assistants is natural language processing as it’s also a narrow field. No matter how many capabilities and functions are complemented to an AI assistant, innovation need to deal with the n number of tasks that a human brain can come up with. Hence, voice assistants suffer from the confined limits of deep learning algorithms which manifest they work in boundaries of distinct domains that they’ve been trained for. When encountered with unfamiliar situation of not knowing a command, they’ll either start acting in erratic ways or fail.

Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Global Smart Voice Assistant Market Overview, By Type
5. Global Smart Voice Assistant Market Overview, By Application
6. Global Smart Voice Assistant Market Overview, By Region
7. Company Profiles

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