Smart Speaker Market by 2024 – Growth Drivers & Geographic Analysis | Amazon, Apple, Inc., Google, Inc, Sonos, Sony

The smart speaker market is predicted to showcase an escalating growth graph pertaining to a robust increase in the number of smart homes and the surging demand for personalization. Indeed, most of the early adopters of these devices are educated, affluent millennials, though smart speakers are also gaining interest from other demographic groups like the young gen X and children. The devices allow for a higher level of personalization which appeals to customers, thereby impelling the growth of smart speaker market.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1757

Top Key Players Are : Amazon, Apple, Inc., Google, Inc, Sonos, Sony, Onkyo, Fabriq, Harman International, and Lenovo.

The retail magnate Amazon was the first company to pioneer the numero uno smart speaker, called the Amazon Echo, in 2014. The product was officially launched in mid-2015, and from then on began the commercialization of smart speaker industry. Amazon’s Echo has since then, has been upgraded numerous times, and with every advancement, the sales and commercialization of the product have soared beyond predicted expectations.

For instance, in May 2017, the retail giant launched the Echo Show, designed to provide exclusive features such as flash briefings, online video browsing, video calling, etc., apart from the basic functionalities of Amazon Echo. In addition, a leading tech daily has forecast that Amazon, in all probability will capture tentatively more than two-thirds of the voice-controlled speaker market in U.S. in 2017, which will eventually lead to the growth of U.S. smart speaker industry share.

Not to be left behind in the race, Google, post Amazon’s successful launch, released its smart speaker, Google Home by the end of 2016. And now, another contender has joined the marathon – Apple in 2017, launched its own smart speaker, called HomePod, powered by Siri. Considering that these conglomerates are essentially headquartered in the U.S., it comes as no surprise, that U.S. smart speaker market has been forecast to emerge as one of the most lucrative regional markets over 2018-2024.

Request for Customization of this report @ https://www.gminsights.com/roc/1757

A Nielsen study conducted in May 2018 estimated that more than 20% of U.S. households own a smart speaker, while over 35% of that proportion own multiple speakers. These estimates prove that the readiness of consumers to adapt to advanced technologies like a fish takes to water will encourage U.S. manufacturers to develop advanced, user-friendly, and multi-functional products, thereby augmenting U.S. smart speaker industry. Indeed, judging by the pace at which smart speaker market players have been progressing, it is evident that smart speakers are likely to become all-pervasive in a few years.

Table Of Content:

Chapter 4. Smart Speaker Market, By IVA (Revenue, Shipments)
4.1. Key trends in smart speaker market by IVA
4.2. Alexa
4.2.1. Market estimates and forecast, 2014 – 2024
4.2.2. Market estimates and forecast by region, 2014 – 2024
4.3. Google assistant
4.3.1. Market estimates and forecast, 2014 – 2024
4.3.2. Market estimates and forecast by region, 2014 – 2024
4.4. Siri
4.4.1. Market estimates and forecast, 2014 – 2024
4.4.2. Market estimates and forecast by region, 2014 – 2024
4.5. Cortana
4.5.1. Market estimates and forecast, 2014 – 2024
4.5.2. Market estimates and forecast by region, 2014 – 2024
4.6. Others
4.6.1. Market estimates and forecast, 2014 – 2024
4.6.2. Market estimates and forecast by region, 2014 – 2024
Chapter 5. Smart Speaker Market, By Application (Revenue, Shipments)
5.1. Key trends in smart speaker market by application
5.2. Personal
5.2.1. Market estimates and forecast, 2014 – 2024
5.2.2. Market estimates and forecast by region, 2014 – 2024
5.3. Professional
5.3.1. Market estimates and forecast, 2014 – 2024
5.3.2. Market estimates and forecast by region, 2014 – 2024
5.4. Commercial
5.4.1. Market estimates and forecast, 2014 – 2024
5.4.2. Market estimates and forecast by region, 2014 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/smart-speaker-market

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.