Press release
Smart Speaker Market 2021: The Report Shares Analysis on Trend and Growth of Key Players: Apple, Inc., Alphabet, Inc., Amazon.com, Inc.,
Smart Speaker Market | Emergen Research
Smart speakers are internet-connected devices that can be controlled by voice commands and can seamlessly stream audio content, provide information, and communicate and connect with other devices. Growing trend of smart homes has led to a significant increase in the demand for smart speakers and other connected devices. Today, a wide range of house appliances, electronic devices, and systems are available in the market that can be accessed and controlled remotely via connected devices and smartphones. In addition, smart home designers have actively collaborated with smart speaker manufacturers for the seamless integration of smart speakers in smart home automation systems and this trend is expected to continue going ahead.
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Competitive Outlook:
The study also includes company reviews, revenue sharing, and SWOT analysis of the leading players in the Smart Speaker industry. The Smart Speaker market report provides a detailed analysis of the specific factors that are changing and putting you ahead of the competition. These market measurement tools help identify drivers, restraints, weaknesses, Smart Speaker market opportunities, and threats.
This report also covers the emerging player's data, including competitive situation, sales, revenue, and global market share of Top Manufacturers such as:
Apple, Inc., Alphabet, Inc., Amazon.com, Inc., Sony Corporation, Lenovo Group Ltd., Xiaomi Corporation, Altec Lansing, Inc., SK Telecom Co. Ltd., Onkyo Corporation, and Baidu, Inc.
Some Key Highlights in the Report
Hardware segment revenue is expected to expand at a robust revenue CAGR over the forecast period owing to increasing advancement in hardware of smart speaker and integration of advanced sensors for enhanced and accurate voice recognition.
Smart home segment is expected to account for largest revenue share in the global market during the forecast period owing to increasing integration of smart speakers in smart home devices such as lights, thermostats, and televisions, and other devices.
Alexa segment accounted for a significant revenue share in the global market in 2020 and is expected to register robust revenue growth over the forecast period owing to its easy availability and affordability. Alexa has been the most preferred voice assistant for a wide range of smart speakers and is available in over 80 countries across the globe.
The personal use segment is expected to dominate other end-use segments in terms of revenue over the forecast period owing to rising adoption of smart home systems across the globe, increasing integration of smart speakers with various devices, and rising use of smart speakers to for various personal applications such as making phone calls, tracking user activity, and scheduling appointments, among others.
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The segmental analysis offered in the report pinpoints key opportunities available in the Smart Speaker market through leading segments. The regional study of the Smart Speaker market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth. We have provided a detailed study on the critical dynamics of the Smart Speaker market, which include the market influence and market effect factors, drivers, challenges, restraints, trends, and prospects. The research study also includes other types of analysis such as qualitative and quantitative.
For the purpose of this report, Emergen Research has segmented the global smart speaker market on the basis of component, application, intelligent virtual assistant, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018-2028)
Hardware
Software
Application Outlook (Revenue, USD Billion; 2018-2028)
Smart Office
Smart Home
Others
Intelligent virtual assistant Outlook (Revenue, USD Billion; 2018-2028)
Google Assistant
Alexa
Siri
Cortana
Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
Commercial
Personal
Browse Summary of the Smart Speaker Industry Analysis Report@ https://www.emergenresearch.com/industry-report/smart-speaker-market
Scope of the Report:
The Smart Speaker market report provides a comprehensive overview of the industry through research, synthesis, and summary of data from various sources. Experts have offered to various sectors with the specific aim of identifying the significant manipulators of the sector. The Smart Speaker market report includes a complete market and vendor landscape, as well as a SWOT analysis of the leading competitors. As a result, the information offered is thorough, reliable, and is the result of extensive investigations.
Promising Regions & Countries Mentioned In Smart Speaker Market Report:
➸ North America (United States, Canada)
➸ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
➸Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
➸ Latin America (Brazil, Mexico, Others)
➸ The Middle East and Africa
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What Questions Should You Ask before Buying a Market Research Report?
How is the Smart Speaker market evolving?
What is driving and restraining the Smart Speaker market?
How will each Smart Speaker submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?
How will the market shares for each Smart Speaker submarket develop from 2021 to 2028?
What will be the main driver for the overall market from 2021 to 2028?
Will leading Smart Speaker markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
What are the Smart Speaker projects for these leading companies?
How will the industry evolve during the period between 2020 and 2028? What are the implications of Smart Speaker projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Smart Speaker market?
Thank you for reading our report. To request a customization or for further inquiries, kindly get in touch with us. Our team will ensure the report is tailored meet to your needs.
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