Press release
Smart Speakers Market Size, Share, Analysis Challenges, and Future Growth Forecast 2021-2027 | Alexa, Google Assistant, DuerOS, AliGenie, Xiao AI, Siri
The Global Smart Speaker market is expected to grow at a CAGR of 20% from 2021-2027., owing to the rapid growth in the adoption of smart homes, the development of AI technologies, and the entry of large internet/ technology companies. The market growth can also be attributed to the growth of display-based devices, which is helping smart speakers to maintain their growth momentum.
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The research thoroughly analyzes pricing, gross revenue (Mn), entry-level storage specs, and company profiles in a separate section with the top major players.
Companies Operating in the Market
Alexa, Google Assistant, DuerOS, AliGenie, Xiao AI, Siri are some of the leading products in the Smart Speaker Market. Companies in the market are launching various new products, performing organic activities, merges and collaborations to boost their share in the market. Some of the key companies in the global smart speaker market are Amazon, Inc., Harman International, Apple Inc., Alibaba Group, Alphabet Inc., Altec Lansing, Baidu, Inc., Bose Corporation, Lenovo Group Ltd., LG Electronics, Onkyo Corporation, Panasonic Corporation, Sony Corporation, Samsung Electronics, SK Telecom Co., Ltd. and Sonos, Xiaomi Inc., and among others.
The Smart Speakers Market size section provides market revenue, taking into account both the market's historical growth and future projections. The report also includes a variety of company profiles that are creating waves in their respective industries or have the potential to do so. Their profiles include the players' market sizes, significant product launches, strategies, and other information.
The report details the overall market sales produced over time by a specific company. By factoring in product sales over a period and dividing them by the industry's total sales over the same period, experts in the field determine to share.
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The research examines the size of the global market now and its growth rates over five years. It also includes many kinds of segmentation, including geographic segmentation (North America, Europe, Asia-Pacific, etc.). Detailed market segment information aids in performance monitoring and crucial decision-making for expansion and profitability.
Segmentation Overview
The Global Smart Speaker Market is segmented on the basis of components, Intelligent Virtual Assistant (IVA), and application. These major market segments are further fragmented into numerous sub-segments to study the market in detail.
By Component:
Hardware
Microphone
Power IC
Memory
Audio IC
Processor
Connectivity IC
Speaker Driver
Software
By Intelligent Virtual Assistant (IVA):
Alexa
Google Assistant
SIRI
DUEROS
XIAO AI
Others
By Application:
Consumer
Smart Office
Smart Home
Cloud services
Others
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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