Smart Speaker Market Trends | Alibaba Group, Amazon, Apple, Baidu, Inc., Google, HARMAN International, Lenovo, LG Electronics, Panasonic, Pioneer Electronics, SK Telecom, Sonos, Inc., Sony, Xiaomi Technology

The inception of smart speaker market has created ripples of anticipation among modern-day consumers, given that an analogy has always existed between the Internet of Things and consumer preferences. With more and more products making inroads in the smart industry, companies have been focusing on using connected devices to raise the efficiency of existing operations by a few notches. Ever since the advent of the smart era, leading tech giants such as Apple and Google have been engaging in a fierce battle to gain the upper hand in terms of smart products' development. The trend which is perpetually consistent even in today's business scenario, will be one of the key driving forces behind the growth of smart speaker industry.

Undeniably, the burgeoning developments in the IoT (Internet of Things) business sphere will bring about a plethora of changes in the perception of smart speaker market. Embedded with varied functionalities, including problem solving, ordering of essential items, live streaming of music, live news reporting, setting reminders, to name a few, smart speakers are the indeed the exclusively classy wireless playback devices in vogue. Forbes has rightly quoted smart speakers to be the future of audio, a fact which is likely to catapult smart speaker industry, which, as per analysts, is slated to record a valuation of USD 30 billion by 2024.

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Smart speaker industry has been the recipient of a plethora of megatrends that are indeed underlining its massive expansion. Pioneered by Amazon, the Echo made its mark as the first product to debut across this business space in 2014, post which the smart speaker industry is witnessing an inflection point with the influx of new players in the business wanting exploiting the future growth prospects. Speaking of which, the last three years have also witnessed the incursion of Chinese competitors in smart speaker market, leading to a massive diversification in the product landscape.
The major players operating in the market-

1. Alibaba Group
2. Amazon
3. Apple
4. Baidu, Inc.
5. Google
6. HARMAN International
7. Lenovo
8. LG Electronics
9. Mojo Networks, Inc.
10. Panasonic
11. Pioneer Electronics
12. SK Telecom
13. Sonos, Inc.
14. Sony
15. Xiaomi Technology

The recent trends of IoT and artificial intelligence have had a commendable impact on the development of smart speaker market. The robust proliferation of the internet has further aided smart speaker market growth in the last few years. Apart from the rising penetration of consumer electronics and high demand for wireless connectivity, technological interventions have also allowed manufacturers to introduce products that are not confined only to playing music, but have extended their applications to problem-solving,

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Table Of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.1.4.1. Definitions
1.1.4.2. Assumptions, methodology & forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Smart speaker industry 3600 synopses, 2014 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. IVA trends
2.1.4. Application trends

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