Global Smart Speaker Market Size, Trends & Growth Opportunity By Intelligence Virtual Assistance ( Google Assistance, Amazon Alexa, Siri, Cortana, Others ) by End Use (Personal, and Commercial), Distribution Channel (Online and Offline) By Region and Forecast till 2027.
Market Overview
Global Smart Speaker Market was valued at USD 7.9 billion in 2021 which is expected to reach USD 18.2 billion by 2027 at a CAGR 14.68% from 2022-2027.
A smart speaker is a particular kind of wireless speaker that can be powered by help and is enabled by Wi-Fi, Bluetooth, and other wireless protocols. Based on artificial intelligence technology, these speakers are. This is a recent technological advancement that allows the user to activate it using voice commands for a variety of actions like online shopping and music listening.
Market Drivers
One of the main factors expected to fuel the growth of the global smart speaker market is the rise in smart home technology adoption. Additionally, the market will grow as smart speakers become more popular with consumers. Additionally, ongoing improvements in technology, microphones, automated speech recognition, and natural language processing will enable speakers to recognize user commands and drive market expansion. Additionally, rising consumer willingness to invest in cutting-edge technology and an increase in smart device usage are anticipated to fuel the growth of the global smart speaker market.
Market Restraints
However, problems with range, compatibility, and power are the primary restraints on the growth of the global smart speaker market.
Market Segmentation
Global Smart Speaker Market is segmented into intelligent virtual assistance such as Google Assistance, Amazon Alexa, Siri, Cortana, and Others, by end user such as Personal, and Commercial. Further, market is segmented into distribution channel such as Online and Offline.
Also, Global Smart Speaker Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Smart speakers have grown rapidly in popularity in North America as a result of early adoption of cutting-edge technologies and a robust economic environment. The presence of important speaker providers has allowed speakers to spread throughout the area. The willingness of consumers to adopt new technology has also prompted major suppliers in North America to create cutting-edge and innovative products. The Smart Speaker Consumer Adoption Report also states that from 1.8 in 2018 to 2.0 in 2019, there were 10% more speakers per user.
Market Key Players
Various key players are discussed in this report such as AMAZON, Alphabet, Alibaba, Apple, XIAOMI, Harman International, SONOS, BOSE, Lenovo, and Baidu.
Market Taxonomy
By Intelligence Virtual Assistance
- Google Assistance
- Amazon Alexa
- Siri
- Cortana
- Others
- Personal
- Commercial
- Online
- Offline
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Smart Speaker Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Smart Speaker Market, By Intelligent Virtual Assistance
- 5.1 Y-o-Y Growth Comparison, By Intelligent Virtual Assistance
- 5.2 Global Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
- 5.3 Global Smart Speaker Market Size and Forecast, By Intelligent Virtual Assistance
- 5.3.1 Google Assistance
- 5.3.2 Amazon Alexa
- 5.3.3Siri
- 5.3.4Cortana
- 5.3.5 Others
- 6 Global Smart Speaker Market, By End User
- 6.1 Y-o-Y Growth Comparison, By End User
- 6.2 Global Smart Speaker Market Share Analysis, By End User
- 6.3 Global Smart Speaker Market Size and Forecast, By End User
- 6.3.1 Personal
- 6.3.2 Commercial
- 7 Global Smart Speaker Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Smart Speaker Market Share Analysis, By Distribution Channel
- 7.3 Global Smart Speaker Market Size and Forecast, By Distribution Channel
- 7.3.1Online
- 7.3.2 Offline
- 8Global Smart Speaker Market, By Region
- 8.1 Global Smart Speaker Market Share Analysis, By Region
- 8.2 Global Smart Speaker Market Share Analysis, By Region
- 8.3 Global Smart Speaker Market Size and Forecast, By Region
- 9 North America Smart Speaker Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
- 9.3 North America Smart Speaker Market Size and Forecast, By End User
- 9.4 North America Smart Speaker Market Size and Forecast, By Distribution Channel
- 9.5 North America Smart Speaker Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Smart Speaker Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
- 10.3 Europe Smart Speaker Market Size and Forecast, By End User
- 10.4 Europe Smart Speaker Market Size and Forecast, By Distribution Channel
- 10.5 Europe Smart Speaker Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Smart Speaker Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
- 11.3 Asia Pacific Smart Speaker Market Size and Forecast, By End User
- 11.4 Asia Pacific Smart Speaker Market Size and Forecast, By Distribution Channel
- 11.5 Asia Pacific Smart Speaker Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Smart Speaker Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
- 12.3 Latin America Smart Speaker Market Size and Forecast, By End User
- 12.4 Latin America Smart Speaker Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Smart Speaker Market Size and Forecast, Country
- 13Middle East Smart Speaker Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Middle East Smart Speaker Market Share Analysis, By Intelligent Virtual Assistance
- 13.3 Middle East Smart Speaker Market Size and Forecast, By End User
- 13.4 Middle East Smart Speaker Market Size and Forecast, By Distribution Channel
- 13.5 Middle East Smart Speaker Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 AMAZON
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Alphabet
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Alibaba
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Apple
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 XIAOMI
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Harman International
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 SONOS
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 BOSE
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Lenovo
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Baidu
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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