Press release
Smart Speakers Market 2020 Overview, Geographical Segmentation, Industry Size & Share, complete Analysis to 2030, Focusing on top key players like Amazon, Inc., Apple, Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Co
Smart Speakers Market
The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Smart Speakers market. The researcher provides an extensive analysis of the Smart Speakers market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
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Key Players:
Amazon, Inc., Apple, Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, ONKYO CORPORATION, Panasonic Corporation, Alphabet Inc. (Google Inc.), Baidu Inc., Plantronics, Inc. (Altec Lansing/AL Infinity, LLC), Pioneer, SK Telecom, Lenovo, Samsung Electronics Co. Ltd., Avnera Corporation, Fabriq, Invoxia, LG Electronics, Libratone, Mobvoi, Mojo, Ultimate Ears
The global smart speakers market is expected to grow from $5.5 billion in 2019 and to $5.7 billion in 2020 at a growth rate of 3%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $11 billion in 2023 at CAGR of 24.5%.
The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing, producing artificial intelligence assisted speakers which are activated with one 'hot word' using voice recognition systems to perform wide range of wireless activities.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Smart Speakers Market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2030 with respect to five major regions. The Smart Speakers Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Sameer Joshi
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