Smart Speaker market research report is a resource, which offers current as well as upcoming technical and financial details of the ICT industry for the specific forecast period. The report exhibits important product developments and tracks recent acquisitions, mergers and research in the ICT industry by the key players. The market report is a precise study of the ICT industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. An influential Smart Speaker business report is sure to help businesses for the long lasting accomplishments in terms of better decision making, revenue generation, prioritizing market goals and profitable business.
The significant Smart Speaker report sorts out the breakdown of global data by manufacturers, region, type and application while analysing the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. Furthermore, businesses can decide upon the strategies about the product, customer, key player, sales, promotion or marketing by acquiring a detailed analysis of competitive markets. This market report categorizes the market by companies, geographical region, type, component, application and end-use industry. Smart Speaker market research report has been structured with the exact understanding of customer requirements.
Data Bridge Market Research analyses that the smart speaker market is expected to reach USD 22.48 billion by 2030, which is USD 10.41 billion in 2022, at a CAGR of 10.10% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Driver:
- Increasing adoption of smart home products
The growth of the smart speaker market during forecast period 2023-2030 will be highly influenced by the increasing adoption of smart home appliances and devices, including smart locks, security cameras, smart kitchen appliances, smart lights and smart TVs. Major market players are integrating advanced technologies such as Artificial Intelligence of Things into speakers to allow advanced functionality. For, instance, Xiaomi is developing an artificial intelligence of things-based product that can act as a control hub to connect to other internet of things products.
- Growing demand for Amazon Alexa
The rising demand for amazon Alexa has augmented the growth of the smart speaker market and is expected to maintain the dominance of the market in the forecast period. Amazon Alexa has the first-mover advantage and is very popular among consumers. Amazon Alexa integration with numerous other smart home appliances and the craze for internet of things (IoT devices among millennials is anticipated to retain its popularity and project an increasing market share.
Some key players mentioned in the report are:
Harman International (U.S.), Apple Inc. (U.S.), Sonos, Inc. (U.S.), Alphabet (U.S.), Baidu, Inc (China), Bose Corporation (U.S.), Sony Corporation (Japan), Onkyo & Pioneer Corporation (Japan), SAMSUNG (South Korea), Panasonic Corporation (Japan), Lenovo (China), Altec Lansing (U.S.), Xiaomi (China), SK Telecom Co., Ltd. (South Korea), LG Electronics (South Korea)
Key Insights that Study is going to provide:
· The 360-degree Smart Speaker overview based on a global and regional level
· Market Share & Sales Revenue by Key Players & Emerging Regional Players
· A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
· May vary depending upon availability and feasibility of data with respect to Industry targeted
· Patent Analysis** No of patents / Trademark filed in recent years.
· A complete and useful guide for new market aspirants
· Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
· Various Smart Speaker industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
By Intelligent Virtual Assistance (Alexa, Google Assistance, Siri, Dueros, Aligenie, Xiao Ai, Others), Component (Hardware, Software), Price (Low, Mid, Premium), Application (Smart Home, Consumer, Smart Office, Others), Distribution Channel (Online and offline)
The countries covered in the Global Smart Speaker Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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