Press release
Smart Speakers Market Insights, CAGR Growth Analysis, Future Trends And Forecast To 2026 | Key Players Harman International, Bose Corporation, Sony Corporation
Smart Speakers Market
The regions covered in the smart speakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest smart speakers market share.
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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.
Key competitors 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, and Panasonic Corporation.
The global smart speakers market size is expected grow from $6.16 billion in 2021 to $6.60 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart speaker market is expected to reach $8.63 billion in 2026 at a CAGR of 6.9%.
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TBRC's report segments the global smart speakers market:
1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Others
2) By Application: Smart Home, Smart Office, Consumer, Others
3) By End-User: Personal, Commercial
4) By Distribution Channel: Online, Offline
Read Further On The Smart Speakers Market Here:
https://www.thebusinessresearchcompany.com/report/smart-speakers-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Smart Speakers Market Characteristics
3. Smart Speakers Market Trends And Strategies
4. Impact Of COVID-19 On Smart Speakers
5. Smart Speakers Market Size And Growth
.....
28. Key Mergers And Acquisitions In The Smart Speakers Market
29. Smart Speakers Market Future Outlook And Potential Analysis
30. Appendix
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