Latest report on the Global Smart Speaker Market highlights the recent developments and technological advancements in the global Smart Speaker market. The report offers a bird’s eye view of the Smart Speaker market with regards to economic scenario, competitive landscape, production and demands, and consumption analysis. The report also offers a stringent analysis of the market drivers, restraints, limitations, challenges, growth prospects, and threats of the market. The report provides an extensive analysis of the market segmentation and expansion across key regions.

Smart speakers are internet-connected devices that can be controlled by voice commands and can seamlessly stream audio content, provide information, and communicate and connect with other devices. Growing trend of smart homes has led to a significant increase in the demand for smart speakers and other connected devices. Today, a wide range of house appliances, electronic devices, and systems are available in the market that can be accessed and controlled remotely via connected devices and smartphones. In addition, smart home designers have actively collaborated with smart speaker manufacturers for the seamless integration of smart speakers in smart home automation systems and this trend is expected to continue going ahead. Rapid advancements in wireless technologies and deployment of robust security software along with smart devices are expected to boost their adoption and further contribute to the revenue growth of the market.

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Some Key Highlights in the Report:

• Alexa segment accounted for a significant revenue share in the global market in 2020 and is expected to register robust revenue growth over the forecast period owing to its easy availability and affordability. Alexa has been the most preferred voice assistant for a wide range of smart speakers and is available in over 80 countries across the globe.
• The personal use segment is expected to dominate other end-use segments in terms of revenue over the forecast period owing to rising adoption of smart home systems across the globe, increasing integration of smart speakers with various devices, and rising use of smart speakers to for various personal applications such as making phone calls, tracking user activity, and scheduling appointments, among others.
• North America is expected to account for largest revenue share in the global market in terms of revenue over the forecast period owing to high adoption of smart speakers, preference for innovative and cost-effective devices, increasing purchasing power among individuals, and presence of key manufacturers in the region.
• Key companies in the market include Apple, Inc., Alphabet, Inc., Amazon.com, Inc., Sony Corporation, Lenovo Group Ltd., Xiaomi Corporation, Altec Lansing, Inc., SK Telecom Co. Ltd., Onkyo Corporation, and Baidu, Inc.

Smart Speaker Market Segmentation:

For the purpose of this report, Emergen Research has segmented the global smart speaker market on the basis of component, application, intelligent virtual assistant, end-use, and region:

• Component Outlook (Revenue, USD Billion; 2018-2028)
  • Hardware
  • Software
• Application Outlook (Revenue, USD Billion; 2018-2028)
  • Smart Office
  • Smart Home
  • Others
• Intelligent virtual assistant Outlook (Revenue, USD Billion; 2018-2028)
  • Google Assistant
  • Alexa
  • Siri
  • Cortana
  • Others
• End-use Outlook (Revenue, USD Billion; 2018-2028)
  • Commercial
  • Personal

Key Geographical Segments:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Frequently asked questions addressed in the report:

• What is the predicted growth rate of the global Smart Speaker market over the forecast period?
• What are the latest trending factors influencing market growth?
• What are the major factors driving the growth of the Global Smart Speaker Market?
• What are the risks and challenges existing in the industry?
• What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Smart Speaker Market Segmentation & Impact Analysis
    4.1. Smart Speaker Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing number of smart homes
                    4.2.2.2. Increasing formation of alliances among smart homemakers
                    4.2.2.3. Increasing smart home device demand
                    4.2.2.4. Rising customer preference for technically advanced products
          4.2.3. Market restraints analysis 
                    4.2.3.1. High level of security risk
                    4.2.3.2. Concerns regarding connectivity range
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Smart Speaker Market By Component Insights & Trends, Revenue (USD Billion)
    5.1. Component Dynamics & Market Share, 2021–2028
          5.1.1. Hardware
          5.1.2. Software

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