The smart speaker market is projected to grow at a CAGR of 34.7% during the forecast period 2018–2023. As per the smart speaker market research report, the global market for smart speaker is anticipated to grow rapidly by US$11.57 billion by 2023. As per analysts, the increasing number of smart homes along with rising disposable income will drive the market growth throughout the forecast period. The smart speaker market research report provides an in-depth analysis of the global smart speaker market and its intelligent virtual assistant and applications segments. The issues related to connectivity range as well as concerns regarding data security are the factors which could affect the smart speaker market growth during the forecast period 2018–2023. The smart speaker market research report by expert analysts is intended to help companies in the smart speaker market.
Advancement in automated speech recognition technology and natural language processing are expected to accelerate the Smart Speaker Market growth worldwide. The global smart speaker market is set to witness challenges including compatibility issues, however, companies in the smart speaker market will sustain the growth rate. The smart speaker market research report also offers company profiles of key players operating in the smart speaker market around the world. Additionally, the global smart speaker market report provides detailed analysis of the market based on primary and secondary research data collected from the smart speaker market’s key decision makers as well as stakeholders. The smart speaker market research report covers all such factors assisting companies in the smart speaker market to improve their plans and portfolio.
Top Market Players
The top players in the smart speaker market are listed to be Sony Corporation (Japan), Harman International (US), Amazon.com (US), Sonos. Inc. (US), Apple Inc. (US), Alibaba Group Holding Ltd (China) Bose Corporation (US), Google (US), Panasonic Corporation (Japan), ONKYO CORPORATION (Japan), and among others.
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The global Smart Speaker Market has been segmented based on intelligent virtual assistant and applications. On the basis of intelligent virtual assistant, the market for smart speaker is segmented based on Cortana, Google Assistant, Siri, Alexa, and others. Additionally, the market on the basis of applications, is segmented into personal use and commercial use.
Key influences such as privacy concerns could obstruct the smart speaker market growth. However, as per the smart speaker market research report, the growing trend of personalization as well as the rise of artificial intelligence (AI) will drive growth during the forecast period 2018–2023. These key growth factors will help support the smart speaker market growth at a high CAGR. The segmental analysis of intelligent virtual assistant and applications segments as well as regional market analysis has been presented in the global smart speaker market research report. Analysts studying the smart speaker market have presented projections in the smart speaker market research report assisting smart speaker market-based companies in numerous ways. The smart speaker market research report offers crucial details about the smart speaker market based on the data and forecasts till 2023.
North America, Europe, Asia Pacific and the rest of the world regional market for smart speaker are primarily covered in the global smart speaker market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level smart speaker markets are covered in the report. In Asia-Pacific (APAC) region, the country-level markets covered are China, India, Japan, and others. The smart speaker market research report also covers the regional market for smart speaker spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The market research report further explores other regional markets from the rest of the world including markets of the Middle East and Africa. As per the global market research report.
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Strategic Points Covered in Table of Content of Global Smart Speaker Market :
- Smart Speaker Market Segmentation
- Smart Speaker Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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