Press release
Smart Speaker Market Size, Trends & Growth Opportunity by End Use (Personal, and Commercial), Distribution Channel (Online and Offline) By Region and Forecast till 2027
Global Smart Speaker Market was valued at USD 6.9 billion in 2019 which is expected to reach USD 17.2 billion by 2027 at a CAGR 17.2%.Smart Speaker is a type of wireless speaker which enabled by Wi-Fi, Bluetooth, and other wireless protocols and powered by assistance. These speakers are based on artificial intelligence technology. This is recent technological innovation, which activated by voice command of user to perform various tasks like listening music, online shopping, and ordering food.
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Increase in adoption of smart home technology is the key driving factors which are expected to boost the global smart speaker market growth. Furthermore, rise in popularity of smart speakers among customers will have positive impact on market growth. Moreover, continuous advancements in microphones, automated speech recognition, technology and natural language processing will help the speaker to identify the voice command of user will fuel the market growth. In addition to that, increase in consumer readiness to invest on latest technologies and rise in usage of smart devices which is expected to propel the global smart speaker market growth.
However, Issues related range, compatibility, and power are the major restraining factors which are expected to hamper the global smart speaker market growth.
Market Segmentation
Global Smart Speaker Market is segmented into intelligent virtual assistance such as Google Assistance, Amazon Alexa, Siri, Cortana, and Others, by end user such as Personal, and Commercial. Further, market is segmented into distribution channel such as Online and Offline.
Also, Global Smart Speaker Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AMAZON, Alphabet, Alibaba, Apple, XIAOMI, Harman International, SONOS, BOSE, Lenovo, and Baidu.
Market Taxonomy
By Intelligence Virtual Assistance
• Google Assistance
• Amazon Alexa
• Siri
• Cortana
• Others
By End User
• Personal
• Commercial
By Distribution Channel
• Online
• Offline
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Global Smart Speaker Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Speaker Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Speaker Market, By Intelligent Virtual Assistance
5.1 Y-o-Y Growth Comparison, By Intelligent Virtual Assistance
5.2 Global Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
5.3 Global Smart Speaker Market Size and Forecast, By Intelligent Virtual Assistance
5.3.1 Google Assistance
5.3.2 Amazon Alexa
5.3.3 Siri
5.3.4 Cortana
5.3.5 Others
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Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
sales@qualiketresearch.com
Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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