Press release
Smart Speaker Market 2020-2025: Amazon, Apple, Alphabet, Baidu, Alibaba, Lenovo, Xiaomi and Others.
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The Global Smart Speaker Market size is expected to grow from USD 7.1 Billion in 2020 to USD 15.6 Billion by 2025, at a CAGR of 17.1%. This report spread across 136 pages, profiling 10 companies and supported with 74 tables and 34 figures are now available in this research.
Top Companies Profiled in the Smart Speaker Market:
• Amazon Inc (Amazon) (US)
• Apple Inc. (Apple) (US)
• Alphabet Inc (Alphabet) (US)
• Baidu Inc (Baidu) (China)
• Alibaba Group (Alibaba) (China)
• Lenovo Group Ltd. (Lenovo) (China)
• Xiaomi Inc. (Xiaomi) (China)
“DuerOS to register the highest CAGR during the forecast period.”
Baidu’s current smart devices and new additions all use the company’s DuerOS assistant. DuerOS can support a wide range of hardware devices, such as mobile phones, televisions, speakers, household appliances, automobiles, and robots. The DuerOS smart speaker solution is a customized voice solution for audio output devices with or without a screen.
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“Hardware to hold the largest share of the smart speaker market throughout the forecast period”
Hardware constitutes a major portion of the smart speaker. Currently, smart speakers process a small volume of data, which requires a hardware platform with computing capabilities to support basic functions, such as streaming music, surfing for information, making phone calls, and controlling smart devices.
“The smart speaker market in APAC expected to grow at the highest CAGR during the forecast period”
The increasing penetration of smart devices in APAC countries, along with the growing market share of Chinese players such as Baidu, Alibaba, and Xiaomi, who have launched smart speakers with local language support, is expected to fuel the demand for smart speakers in the region.
Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 27%, Tier 2 – 41%, and Tier 3 – 32%
• By Designation: C-Level Executives – 26%, Directors – 40%, and Managers – 34%
• By Region: North America – 47%, Europe – 28%, APAC – 19%, and RoW – 6%
Competitive Landscape of Smart Speaker Market:
1 Introduction
2 Smart Speaker Market Ranking Analysis
3 Competitive Scenario
3.1 Product Launches And New Product Developments
3.2 Partnerships, Agreements, And Collaborations
3.3 Expansions
4 Competitive Leadership Mapping
4.1 Visionary Leaders
4.2 Innovators
4.3 Dynamic Differentiators
4.4 Emerging Companies
Reason to purchase this report:
The report will help leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall smart speaker market and the market based on segments covered in this report. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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