Press release
Smart Display Market Latest Innovations, Demand and Business Outlook by 2026
The Smart Display Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Smart Display market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Smart Display market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Smart Display market.The smart display market is expected to register a CAGR of 32% during the forecast period of 2021 - 2026.
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Top Leading Companies of Smart Display Market are - Amazon.com Inc., Google LLC, Facebook Inc., JBL ( Harman International), Lenovo Group Limited, Baidu Inc., LG Electronics Inc. and others.
Industry News and Updates:
- June 2020 - Google announced that its smart displays, a flagship Nest Hub Max would soon be able to access Accelerated Mobile Page (AMP) web articles. The smart display users will be able to read full AMP news articles on their device instead of watching a video or listening to a specially created audio-clip made for smart home tech.
Key Market Trends:
Connected Device to Support Growth
- The increasing penetration of the Internet of Things is one of the major factors driving the adoption of smart home devices and contributing to the transition of homes (from traditional to a smart one). Thus, the adoption of smart home devices is expected to fuel the demand for smart displays in smart homes.
- Players are increasingly expanding their products geographically, which caters to the market growth. For instance, in India, in May 2019, Amazon announced the Echo Show 5, which is a toned-down version of the company’s own Echo Show smart display. The Echo Show 5 essentially brings a smart display to lower price segments while still offering the added benefits that come from having a screen powered by Alexa.
Asia- Pacific to is Expected to Witness Significant Growth
- The Asia-Pacific region is expected to witness significant growth during the forecast period, primarily owing to the increasing production of consumer electronics and the growing demand for wireless connectivity among multiple devices. The companies in these regions are focusing on product innovation and investment and are launching their products in order to achieve a competitive advantage in the smart display market.
- In May 2020, Chinese tech giant Alibaba announced to spend YUAN 10 billion (USD 1.4 billion) in developing the next generation of technology for its Tmall Genie voice assistant. Alibaba has been stepping up its investment in its voice assistant and smart speaker technology at a steady clip since releasing the first Tmall Genie smart speaker in 2017. The most recent Tmall Genie is a 10-inch smart display costing about USD 77, notably cheaper than a similarly sized Amazon or Google smart display, but with far fewer voice apps and third-party tech integrations.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Smart Display Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Display Market (%),2016 - 2026
- Smart Display Market Share, By Brand
- Smart Display Market Share, By Company
- Smart Display Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Display Market Value Analysis & Forecast
- Promising Smart Display Development by Major Companies
- Detailed Smart Display Portfolio of the Major Companies
- Major Deals in the Smart Display Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592952/smart-display-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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