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Global Smart Speaker Market to 2024 - Technologies, Market Shares and Industry Forecasts - ResearchAndMarkets.com

October 8, 2018

DUBLIN--(BUSINESS WIRE)--Oct 8, 2018--The “Global Smart Speaker Market - Technologies, Market share and Industry Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

Global smart speaker market is expected to rise with a CAGR of 35% during forecast period 2017-2024.

The key factors driving the market growth are rising disposable income, growing trend of personalization, increasing number of smart homes and increased adoption of multifunctional devices. However, issues related to connectivity range, compatibility and power is the major factor restricting growth in global smart speaker market.

Moreover, the increased focus of market players to enhance customer experience is creating huge growth opportunity in market.

North America is the dominating market region for global smart speaker market in terms of market revenue share. This is due to presence of large number of leading manufacturers of smart speakers such as Amazon, Apple Inc., Harman International, Sonos, etc. According to 2017 data of National Public Radio (NPR), in 2017, approximately 40 million adults in the U.S. have adopted voice activated smart speakers.

Market Dynamics

Market Drivers

Rising Disposable Income Growing Personalization Trend Increasing Number Of Smart Homes Increased Adoption Of Multifunctional Devices

Market Restraints

Issues Related To Connectivity Range, Compatibility And Power

Market Opportunities

Increasing Focus Of Companies To Enhance Customer Experience Increased Adoption Of Technologically Advanced Products

Market Challenges

Security Concerns Associated With Smart Speaker Availability Of Alternative Substitutes

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Global Smart Speaker Market By Intelligent Virtual Assistant

5. Global Smart Speaker Market By Component

6. Global Smart Speaker Market By Application

7. Competitive Landscape

8. Geographic Analysis

9. Company Profiles

Alibaba (China) Alphabet Inc. (U.S.) Altec Lansing (U.S.) Amazon (U.S.) Apple Inc. (U.S.) Bose Corporation (U.S.) Harman International (U.S.) Lenovo (Hong Kong) Onkyo Corporation (Japan) Panasonic Corporation (Japan) Pioneer Electronics (Japan) SK Telecom (South Korea) Sonos (U.S.) Sony Corporation (Japan) Xiaomi Inc. (China)

For more information about this report visit https://www.researchandmarkets.com/research/hflk9w/global_smart?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005526/en/

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Related Topics:Audio Equipment

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS HARDWARE INTERNET SOFTWARE AUDIO/VIDEO

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/08/2018 10:47 AM/DISC: 10/08/2018 10:47 AM

http://www.businesswire.com/news/home/20181008005526/en

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