openPR Logo
Press release

Smart Speaker Market projected to increase to USD 34.40 Billion by 2030

Smart Speaker Market

Smart Speaker Market

The ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 11.39 Billion in 2023, and it is expected to reach USD 34.40 Billion by 2030, exhibiting a CAGR of 17.1 % during the forecast period (2024-2030).

๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global smart speaker market has witnessed substantial growth, driven by the increasing integration of voice-activated virtual assistants in everyday home devices. These devices, which serve as central hubs for controlling various smart home functions, have become integral to households around the world. As smart home technology becomes more prevalent, the demand for smart speakers continues to rise, with global shipments surpassing 200 million units annually. The devices are favored for their versatility in managing tasks such as entertainment, web browsing, and providing real-time information.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/2355/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

Several factors are propelling the growth of the smart speaker market. One of the primary drivers is the increasing adoption of smart home products, where these speakers serve as the command center for controlling various devices. The rise in consumer interest in IoT (Internet of Things) technology and the growing trend of home automation are pushing demand. Additionally, advancements in artificial intelligence (AI) and natural language processing (NLP) have enhanced the functionality and appeal of these devices, making them smarter and more responsive to voice commands.

๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The smart speaker market is experiencing several notable trends that are shaping its future direction. The most prominent is the increasing popularity of display-enabled smart speakers, which are transforming the market with features like video calls, streaming, and interactive content. As consumer needs evolve, manufacturers are focusing on multi-functional devices that combine voice assistance with display capabilities. The growing demand for AI-powered devices is also fueling the market, as natural language processing technologies make these speakers smarter and more intuitive.๏ปฟ

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ: ๐Œ&๐€๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง

In Europe, the smart speaker market is undergoing rapid transformation. A major acquisition in the UK saw a leading electronics firm merge with a well-established AI company, enabling them to enhance their smart speaker offerings with more sophisticated voice recognition and personalized services. Additionally, companies are focusing on integrating smart speakers with smart home technologies, creating a seamless experience for European consumers.

๐“๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐‹๐ž๐š๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐‘๐ž๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง

In the US, the smart speaker market is dominated by major players like Amazon, Google, and Apple. Mergers and acquisitions are a key feature of the market's expansion, as these tech giants continue to acquire AI and voice recognition startups to strengthen their product lines. Moreover, innovative collaborations are pushing the boundaries of what smart speakers can do, from healthcare applications to home security features.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.maximizemarketresearch.com/request-sample/2355/

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค: ๐–๐ก๐š๐ญ'๐ฌ ๐๐ž๐ฑ๐ญ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ?

As we move into 2024, the smart speaker market is expected to continue its rapid growth, driven by advancements in AI, IoT, and voice recognition technologies. The increasing adoption of smart homes, coupled with expanding internet connectivity, will further propel demand for these devices. The market is set for greater regional diversification, with Southeast Asia, Japan, South Korea, and Europe emerging as key growth areas.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Intelligent Virtual Assistant

Amazon Alexa
Google Assistant
Siri
Cortana
Other

by End User

Personal
Commercial

by Distribution Channel

Online
Offline

by Price

Low (Less than 100)
Mid ($101 to $200)
Premium (Above $200)

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ฆ๐š๐ซ๐ญ ๐’๐ฉ๐ž๐š๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Amazon.com, Inc.
2. Apple, Inc.
3. Alibaba Group
4. Alphabet Inc.
5. Tmall Genie
6. Sonos one
7. Bose Corporation
8. Xiaomi
9. Panasonic SC-GA10
10. Samsung Electronics Co. Ltd.
11. Baidu Inc.
12. JBL Link 20
13. Sonas Beam
14. Google home mini
15. Insignia voice
16. AliGenie
17. DuerOS
18. SKT NUGU
19. NaverClova
20. Kakao

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฅ๐ž๐š๐ฌ๐ž ๐•๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-smart-speaker-market/2355/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Smart Speaker Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Smart Speaker Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Cultivated Meat Market https://www.maximizemarketresearch.com/market-report/cultivated-meat-market/152811/

โ™ฆ Global Wave Energy Converter Market https://www.maximizemarketresearch.com/market-report/wave-energy-converter-market/164740/

โ™ฆ Warehouse Automation System Market https://www.maximizemarketresearch.com/market-report/warehouse-automation-system-market/167432/

โ™ฆ Global Healthcare Chatbot Market https://www.maximizemarketresearch.com/market-report/global-healthcare-chatbots-market/240/

โ™ฆ Flavors and Fragrances Market https://www.maximizemarketresearch.com/market-report/flavors-and-fragrances-market/121756/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Speaker Market projected to increase to USD 34.40 Billion by 2030 here

News-ID: 3756867 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD

Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Grow at 4.6% CAGR Through 2032
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro โ€ฆ
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion. Ultrafiltered Milk Market Overview: Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight componentsโ€ฆ
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period. Bath Towel Market Overview: The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,โ€ฆ
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032. Carob Market Overview: The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carobโ€ฆ
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion. Welding Electrode Market Overview: The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining ofโ€ฆ

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio โ€ฆ
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in orderโ€ฆ
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, โ€ฆ
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growthโ€ฆ
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma โ€ฆ
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart citiesโ€™ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICTโ€ฆ
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emergingโ€ฆ
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlandsโ€ฆ
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart โ€ฆ
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled โ€œSmart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,โ€ Transparencyโ€ฆ