Press release
Smart Speaker Market Size, Share, Growth Trends, and Forecast Analysis to 2027
Smart Speaker Market
The most popular smart speakers are those that work with Google Home and Amazon Echo and can play high-quality music in addition to automating digital tasks. The functionality of smart speakers is comparable to that of smartphones. Smart
speakers now also come with Siri and Cortana.
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Smart Speaker: Drivers and Restraints
The market for smart speakers is being driven by improvements in audio technology, an increase in the number of smart homes, wireless technology advancements, a rise in the adoption of smartphones and other smart devices, and product innovation through the incorporation of new services and technologies.
The threat to privacy, an explosion in the system, problems with interoperability with all smartphones and other devices, and a lack of standardisation are the factors limiting the growth of smart speakers.
Smart Speaker: Competitive Landscape
Amazon.com, Inc., Google Inc., Apple Inc., Harman International Industries, Panasonic Corporation, Sonos Inc., Sony Corporation, LG Electronics Inc., Logitech International S.A., and Samsung Electronics are the major participants in the market for smart speakers.
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Regional Overview
The smart speaker industry is anticipated to be the largest in North America. The majority of smart speaker manufacturers, including Google Inc. and Apple Inc., are situated in North America, and they are also making investments in the local market. Other businesses like Panasonic Corporation and Samsung Electronics are also growing their product lines in the Asia Pacific region, which is why this region's market for smart speakers is also rising.
The report covers exhaustive analysis on
Global Smart Speaker Market Segments
• Global Smart Speaker Market Dynamics
• Historical Actual Market Size, 2012 - 2016
• Global Smart Speaker Market Size & Forecast 2017 to 2027
• Supply & Demand Value Chain for Smart Speaker Market
• Global Smart Speaker Market Current Trends/Issues/Challenges
• Competition & Companies involved in Smart Speaker Market
• Smart Speaker Technology
• Value Chain of Sales Performance Management solutions
• Global Smart Speaker Market Drivers and Restraints
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Smart Speaker: Segmentation
Segmentation based on connectivity with the speaker in Smart Speaker Market:
• Wi-Fi connectivity
• Bluetooth connectivity
Segmentation based on the price range in Smart Speaker Market:
• Premium
• Mid-range
• Low range
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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