Smart Speaker Market Is Booming Globally By 2025 | Amazon, Apple, Sonos, Inc., Alphabet Inc., Bose Corporation, Sony, Panasonic, and so on
The Smart Speaker market research report is a point-to-point explanation of this market’s amassing framework, the use of headway, finishes of the world market players, vendors and shippers’ structure, and the express business information and their improvement plans would help our clients for future strategies and development wanted to make due in this market. The report incorporates the most recent mechanical upgrades and new product launches to draw in readers to the design, business choices, and complete their required executions later on. The report concentrates more on current business and present-day degrees of progress, future strategies changes, and opportunity for this market. Leading players of Global Smart Speaker Market are Amazon, Apple, Sonos, Inc., Alphabet Inc., Bose Corporation, Sony, Panasonic, and so on.
The Global Smart Speaker Market is expected to reach USD 12.8 billion by 2025, from USD 2.1 billion in 2017 growing at a CAGR of 36.9 % by the end of 2025.
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Tech companies are betting that the future of personal computing will be driven by the sound of your voice.
If they’re right, this early stage of smart speaker adoption will have a massive impact on future profits. Switching smartphone brands is relatively straightforward, but switching an entire voice assistant ecosystem? That’s not quite as easy.
For instances, in 2018, Google Home and Home Mini has launched smart speakers in India which supports Google Play Music, YouTube, Netflix, Saavn and Gaana. It has dual band WiFi (2.4GHz/5GHz), Bluetooth (only on Home Mini), far field microphones and supports both Android and iOS devices. Furthermore, in 2018, Yandex launched $160 smart speakers for digital assistant ‘Alice’. It operates on mobile and desktop search, as well as on in-car navigation app. It used for music streaming, discounts on taxi rides and ad-free web TV.
The global smart speaker market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart speaker market for global, Europe, North America, Asia pacific and South America.
Smart speaker is defined as a smart audio playback and wireless device. It follows Bluetooth, Wi-Fi and other wireless protocol standards. Smart speaker controls home automation devices and control of common household tasks such as lighting, security monitoring, door lock, environmental control (thermostat), window shades, and more. It has various characteristics which include home assistance, voice control, music streaming music playback, compact size and many more. The benefits of using smart speakers are its good sound quality, flexible music listening, interaction with other devices and convenience to the user. It is mostly used in smart home, smart office and others. Example of smart speaker is Zettaly’s Avy is a bluetooth speaker with full Android capability.
Key Players
Leading players of Global Smart Speaker Market are Amazon, Apple, Sonos, Inc., Alphabet Inc., Bose Corporation, Sony, Panasonic, Alibaba Group, Lenovo, Xiaomi Technology, HARMAN International, Panasonic USA, Pioneer Electronics, SK Telecom, Onkyo Corporation, Panasonic UK, Altec Lansing, Xiaomi USA, Anker Innovations LTD, Avnera, Baidu, Inc., Baidu USA, JD.COM, Deutsche Telekom, Orange, Telefónica, Tencent, Samsung Electronics, Jam Wireless Audio, Kakao Corp, Kondor Ltd, KT, Ultimate Ears
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Key Market Segmentation of Smart Speaker Market
On the basis of application, the market is classified into smart home, consumer and smart office.
Based on geography, the market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others.
Based on component, the market is segmented into hardware and software. hardware is further segmented into speaker driver, connectivity IC, processor, audio IC, memory, power IC and microphone.
The global smart speaker market is segmented into Intelligent Virtual Assistant, Component, application, end user and by geography.
Based on intelligent virtual assistant, the market is segmented into Alexa, Google Assistant, Siri and Cortana.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Major Highlights of TOC:
Chapter One: Smart Speaker Market Industry Overview
1.1 Smart Speaker Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Smart Speaker Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Smart Speaker Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Smart Speaker Market Size by Demand
2.3 Smart Speaker Market Forecast by Demand
Chapter Three: Smart Speaker Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Smart Speaker Market Size by Type
3.3 Smart Speaker Market Forecast by Type
Chapter Four: Major Region of Smart Speaker Market
4.1 Smart Speaker Sales
4.2 Smart Speaker Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion…….Continue…
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Why to purchase this report?
Following are the reasons to consider this Smart Speaker report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall Smart Speaker market.
- This report not only analyzes present market condition but it likewise estimates how the Smart Speaker market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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