Press release
Smart Speakers Market Global Professional Report: Likely To Boost Current And Future Growth By 2020-23 | Competitive Outlook | Covid-19 Impact
The global smart speakers market is expected to grow from $5.5 billion in 2019 and to $5.7 billion in 2020 at a growth rate of 3%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $11 billion in 2023 at CAGR of 24.5%.
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The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing, producing artificial intelligence assisted speakers which are activated with one `hot word` using voice recognition systems to perform wide range of wireless activities.
With increasing consumer preference for technologically advanced products there is a rise in penetration of smartphones and smart devices. The enhanced personal use of smart devices points at integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. Virtual assistant devices are powered by artificial intelligence which offer ultimate luxury to the owner.
Smart Speakers Market Segmentation: -
By Intelligent Virtual Assistant
1. Amazon Alexa
2. Google Assistant
3. Siri
4. Cortana
5. Others
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Few Points From Table Of Content
1. Executive Summary
2. Smart Speakers Market Characteristics
3. Smart Speakers Market Size And Growth
4. Smart Speakers Market Segmentation
5. Smart Speakers Market Regional And Country Analysis
......
25. Smart Speakers Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Speakers Market
27. Smart Speakers Market Trends And Strategies
28. Smart Speakers Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the smart speakers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the smart speakers market are Amazon, Inc., Apple, Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, ONKYO CORPORATION, Panasonic Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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