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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


Report ID : IR100599 | Industries : Energy & Power | Published On :May 2024 | Page Count : 245

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  • 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
    By End User
    • Personal
    • Commercial
    By Distribution Channel
    • Online 
    • Offline
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

    Global Smart Speaker Market TOC 
    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