Press release
Smart Speaker Market 2030: Business Recovery Ideas and Experts Suggestions After COVID-19 Pandemic From Amazon.com, Inc., Apple, Inc., Alibaba Group, Alphabet Inc. (Google Inc.), Sonos, Inc., Bose Corporation, Xiaomi, Samsung Electronics Co. Ltd., Baidu I
According to the report, the global smart speaker market was pegged at $4.36 billion in 2017 and is estimated to $23.32 billion by 2025, registering a CAGR of 23.4% from 2018 to 2025.
The global smart speaker market is divided on the basis of an intelligent virtual assistant, end user, distribution channel, price, and region. Based on an intelligent virtual assistant, the market is segmented in Amazon Alexa, Google Assistant, Siri, Cortana, and others. The Amazon Alexa segment dominated the market in 2017, accounting for nearly three-fifths of the total market. However, the Siri segment is estimated to manifest the fastest CAGR of 27.9% during the forecast period.
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Key Benefits of Research:
The report provides a qualitative and quantitative analysis of the current Smart Speaker Market trends, forecasts, and market size from 2020 to 2030 to determine the prevailing opportunities.
o Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the industry.
On the basis of the end user, the market is bifurcated into personal and commercial. The personal segment held the largest share in 2017, contributing more than four-fifths of the total market. However, the commercial segment is estimated to portray the fastest CAGR of 24.7% through 2025.
Based on the distribution channel, the market is categorized into online and offline. The online segment held the largest share in 2017, garnering more than four-fifths of the market and is expected to register the fastest CAGR of 23.6% from 2018 to 2025.
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On the basis of price, the market is divided into low, mid, and premium. The low segment held the lion's share in 2017. However, the premium segment is estimated to register the fastest CAGR of 24.6% during the forecast period.
The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the North America region held the largest share, contributing more than one-third of the market. However, the market across the Asia-Pacific region is estimated to register the fastest CAGR of 24.9% during the study period.
The global smart speaker market report provides analysis of the major market players such as Apple, Inc., Amazon.com, Inc., Alphabet Inc. (Google Inc.), Alibaba Group, Bose Corporation, Sonos, Inc., Samsung Electronics Co. Ltd., Xiaomi, Baidu Inc., and Plantronics, Inc. (Altec Lansing/AL Infinity, LLC).
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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.
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