Smart Speaker Market Analysis, Forecast Of Industry Revenue, Size, Top Competitors and Growth Trends

Press Release

Smart Speakers are a wireless device that provides a different kind of connectivity’s to add more function than existing speakers. These additional features are provided for ease of use for customers and to connect. The smart speakers offer features like voice assistant, make the to-do list, set alarms, and provide real time information and much more. A wide range of products are included in smart speakers like boom boxes, LED smart speakers etcetera.

The most trending smart speakers are the ones integrated with Google Home and Amazon Echo which can automate digital tasks along with playing high-quality sound. The smart speakers can work equivalently to the smartphones. Siri and Cortana are also now included in smart speakers.

Smart Speaker: Drivers and Restraints

The factors driving the market of smart speakers are the advancement in audio technology, growing number of smart homes, Growth in wireless technology and rising penetration of smartphones and smart devices and product innovation with the integration of new technologies and services.

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The factors impeding the growth of smart speakers are the threat to privacy, an explosion in the system, compatibility issues with all smartphones and other devices and lack of standardization. 

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

Smart Speaker: Competitive Landscape

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The key players of the smart speaker market are 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.

Regional Overview

North America is expected to the largest market of smart speakers. The majority of smart speaker vendors such as Google Inc., Apple Inc. are based in North America region itself, and they are also investing in the field of smart speakers in the local market. Several other companies like Panasonic Corporation and Samsung Electronics are also expanding their offering in Asia Pacific region thus the smart speaker market in this region is also elevating.

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

Regional analysis for Global Smart Speaker Market includes North America Smart Speaker Market US Canada Latin America Smart Speaker Market Argentina Mexico Brazil Rest of Latin America Western Europe Smart Speaker Market Germany France U.K. Spain Italy Nordic Benelux Rest of Western Europe Eastern Europe Smart Speaker Market Poland Russia Asia Pacific Smart Speaker Market Australia and New Zealand (A&NZ) China India ASEAN Rest of Asia Pacific Japan Smart Speaker Market The Middle East and Africa Smart Speaker Market GCC Countries North Africa South Africa Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights: Detailed overview of parent market Changing market dynamics of the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth A neutral perspective towards market performance Must-have information for market players to sustain and enhance their market footprint

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This post was originally published on Business Analytics