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Smart Speakers Market Share, Growth, Revenue, Future Scope, Demand and Forecast 2022-2027 – The Bollywood Post

The latest report from the IMARC group, titled “Smart Speakers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on Smart Speaker Market Report. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global smart speaker market reached a value of US$5.08 billion in 2021.

Smart speakers are wireless audio playback devices powered by virtual assistants and integrated with Bluetooth, Wi-Fi and other wireless protocols. They are activated by voice commands that allow you to perform different tasks like listening to music, ordering food and shopping online. The device also helps in getting weather information, breaking news, listing daily activities and integrating with smart home appliances. Nowadays, smart speakers are integrated with Google Home and Amazon Echo, which automate digital tasks. Recently, smart speakers have gained popularity as they offer excellent connectivity, portability, cost-effectiveness, ease of use and smart features, which help to generate a better experience for the target audience.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Smart Speaker Market Trends:

The market is mainly driven by the rising popularity of smart devices, especially among the younger population. Consumers are willingly investing in smart speakers, including Amazon Echo and Google Home, to function as a centralized hub and control other smart home devices with voice commands. In addition to this, the growing inclination towards human-computer interaction and automation of household tasks is also increasing the demand for smart speakers. Additionally, consumers are turning towards luxurious entertainment systems due to inflation in disposable income levels and rising trend of customization, which is positively impacting the growth of the market. Additionally, advancements in technology, such as the introduction of advanced microphones, automated speech recognition technology, and natural language processing (NLP), allow the smart speaker to identify and process voice commands with greater great precision. Moreover, several leading players are launching innovative smart speakers with advanced features and compatibility with all smartphones to expand their product portfolio. In the meantime, the The market is expected to reach a value of US$21.94 billion by 2027, growing at a CAGR of 26.10% during the forecast period (2022-2027).

Explore the full report with table of contents:

Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market with some of the key players.

  • Alibaba Group Holding Limited
  • Altec Lansing
  • com inc.
  • Apple Inc.
  • Baidu inc.
  • Bose Company
  • Google LLC
  • Lenovo Group Limited
  • LG Electronics Inc.
  • Onkyo Corporation (VOXX International Corp.)
  • Panasonic Company
  • Samsung Electronics Co.Ltd.
  • sonos inc.
  • Sony Company
  • Xiaomi Inc.

smart speaker Market segmentation :

Our report has categorized the market based on region, component, intelligent virtual assistant, connectivity, price range, distribution channel, and end-user.

Breakdown by component:

Rupture by Intelligent Virtual Assistant:

  • Amazon-Alexa
  • Google Assistant
  • Siri
  • Cortana
  • Others

Breakdown by connectivity:

Breakdown by price range:

  • Low end (less than $100)
  • Mid-range ($101 to $200)
  • Premium (over $200)

Breakdown by distribution channel:

Breakdown by end user:

Breakdown by region:

  • North America (USA, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

We update our reports, if you want the latest primary and secondary data (2022-2027) with cost module, business strategy, competitive landscape, etc. Click request a free sample report, the report will be delivered to you in PDF format via email within 24-48 hours after payment confirmation.

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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