Smart speaker is the newest hi-tech innovation in the field of audio systems, which has changed the way people use speakers. Smart speaker is a wireless speaker powered by artificial intelligence virtual assistant and is facilitated by Bluetooth, Wi-Fi or other wireless features. Smart speaker is the leading segment of today’s audio systems as it performs different tasks including news reading, weather update, listening music, placing an order to a website, scheduling reminders, integrating smart home devices and so on, just on voice command. These smart features of a smart speaker offer an edge to dominate consumer technology market over other substitute products and services. Global Smart Speaker Market is expected to be more than USD 18 Billion by the end of year 2024.
Smart speaker is a key assimilation of improved microphones, automated speech recognition software and natural language processing (NLP), which help smart speaker to identify and process the voice command of the user with absolute precision. Growing smart home devices demand, penetration of artificial intelligence and consumer demand for easy, portable, convenient and smart devices are some of the major factors, which are driving the growth of smart speakers market globally. Besides, collaborations and partnerships among the smart homemakers and manufacturers of smart speakers further expected to boost the smart speakers market over the upcoming years. In contrary, the potential exploitation of consumers’ data privacy by the manufacturers of smart speakers and the threat of illegitimate cyber-attacks are among the major issues that would hinder the growth of smart speakers market as smart speakers offer personalized service to their users by collecting and analyzing user’s data.
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Amazon Alexa holds majority of Market in the Global Smart Speaker Segment
On the basis of platform, global smart speaker market is further segmented into Amazon Alexa, Google Assistant, Apple Siri, Others. Amazon Alexa holds majority of market share in the global smart speaker market.
North America is dominates Smart Speaker Market Globally
In this report, we have done comprehensive analysis of smart speaker volume and market by regions. The covered regions are; North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa. The demand of smart speaker in North America is quite huge and its sales are growing at rapid pace.
United States is the leading Country in Smart Speaker Market
Smart speaker market is growing across all parts of the world. Market growth rates varies in the countries covered in the report United States, United Kingdom, Germany, China, Others. United States is the leading country in smart speaker market globally.
Companies Analysis
Amazon, Apple, Google, Microsoft, Xiaomi are some of the top companies that are working in smart speaker market. All the companies have been studied from the following points.
• Overview
• Initiatives & Recent Developments
• Sales
Segments – Global Smart Speaker Market & Volume
• Smart Speaker Volume
• Smart Speaker Market
Platforms – Global Smart Speaker Market & Volume
• Amazon Alexa
• Google Assistant
• Apple Siri
• Others
Countries – Global Smart Speaker Market & Volume
• United States
• United Kingdom
• Germany
• China
• Others
Regions – Global Smart Speaker Market & Volume
• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific
• Middle East & Africa
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Companies Covered
• Amazon
• Apple
• Google
• Microsoft
• Xiaomi
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Key Topics Covered :
1. Introduction
2. Research & Methodology
3. Growth Driver – Smart Speaker
3.1 Growing Market of Smart Homes
3.2 Growing GDP per Capita
3.3 Rising Internet Penetration across the Globe
4. Challenges– Smart Speaker
4.1 Issues related to Compatibility and Power
4.2 Privacy and Security Concern
4.3 Localization of Languages
4.4 High Cost of the Devices
5. Opportunities – Smart Speaker
5.1 Increasing Focus of Companies on Enhancing Customer Experience
5.2 Establishment of 5G Infrastructure
5.3 Advancement of Natural Language Processing (NLP)
6. Comparison of Products – Smart Speaker
7. Smart Speaker Volume & Market Analysis
7.1 Smart Speaker Market
7.2 Smart Speaker Volume
8. Market Share – Smart Speaker Analysis
8.1 By Platform
8.2 By Country
8.3 By Regions
9. Volume Share – Smart Speaker Analysis
9.1 By Platform
9.2 By Country
9.3 By Regions
10. Platform – Smart Speaker Market
10.1 Amazon Alexa
10.2 Google Assistant
10.3 Apple Siri
10.4 Others
11. Platform – Smart Speaker Volume
11.1 Amazon Alexa
11.2 Google Assistant
11.3 Apple Siri
11.4 Others
12. Regions – Smart Speaker Market
12.1 North America
12.2 Latin America
12.3 Eastern Europe
12.4 Western Europe
12.5 Asia Pacific
12.6 Middle East & Africa
13. Regions – Smart Speaker Volume
13.1 North America
13.2 Latin America
13.3 Eastern Europe
13.4 Western Europe
13.5 Asia Pacific
13.6 Middle East & Africa
14. Country – Smart Speaker Market
14.1 United States
14.2 United Kingdom
14.3 Germany
14.4 China
14.5 Others
15. Country – Smart Speaker Volume
15.1 United States
15.2 United Kingdom
15.3 Germany
15.4 China
15.5 Others
16. Investments
17. Companies Covered
17.1 Amazon
17.2 Apple
17.3 Google
17.4 Microsoft
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