This top-notch Smart Speaker market research report has been structured by skillful and experienced team players who work hard to accomplish an absolute growth and success in the business. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The key research methodology used throughout this report by DBMR research team is data triangulation which entails data mining, analysis of the impact of data variables on the market, and primary validation. Adopting such Smart Speaker market research report is always beneficial for any company, whether it is a small scale or large scale, for marketing its products or services.
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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Key Market Players: Global Smart Speaker Market
Amazon, Apple, Sonos, Inc., Alphabet Inc., Bose Corporation, Sony, Panasonic, Alibaba Group, Lenovo, Xiaomi Technology, Panasonic USA, Pioneer Electronics, SK Telecom, Onkyo Corporation, Panasonic UK, Altec Lansing, Xiaomi USA
In this Smart Speaker report, market segmentation study covers research and analysis which is based on numerous market and industry segments such as application, vertical, deployment model, end user, and geography. Whereas competitive analysis studies of this market report provides with the ideas about the strategies of key players in the market. Some of these strategies can be mentioned here as new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. Besides, the market share of major competitors on global level is also studied where key areas such as Europe, North America, Asia Pacific and South America are taken into account in this Smart Speaker market research report.
Recent Industry Developments: Global Smart Speaker Market
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.
Table of Contents: Global Smart Speaker Market
Chapter 1 Methodology & Scope
Initial data exploration
Statistical model and forecast
Industry insights and validation
Definition and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Smart Speaker industry 360 degree synopsis, By 2025
Chapter 3 Smart Speaker Industry Insights
Industry landscape, By 2025
Industry ecosystem analysis
Industry participant analysis
Major pain points
Industry impact forces
Emerging trend across
Industry pitfalls and challenges
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Market Segmentation: Global Smart Speaker Market
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.
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.
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.
Competitive Analysis: Global Smart Speaker Market
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.
Major Market Drivers:
Growing number of smart homes
Rising disposable income
Rapid proliferation of multifunctional devices
Growing trend of personalization
Issues related to connectivity range, compatibility, and power.
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