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Global Smart Speaker Markets to 2022 featuring Amazon, Apple, Alphabet and Sonos - ResearchAndMarkets.com

October 1, 2018

DUBLIN--(BUSINESS WIRE)--Oct 1, 2018--The “Global Smart Speaker Market: Size, Trends and Forecasts (2018-2022)” report has been added to ResearchAndMarkets.com’s offering.

The global smart speaker market has increased at a significant CAGR during the years 2013-2017 and projections are made that the market will rise over the next four years i.e. 2018-2022, tremendously.

The smart speaker market is expected to increase due to rising disposable income, increasing demand for smart home devices, escalating internet users, surging urban population, increasing adoption of Internet of Things (IoT) technology, etc. Yet the market faces some challenges such as, high security and privacy risk, lack of compatibility, high prices of smart speakers, localization of language spoken, etc.

The global speaker market is generally dominated. Many competitors have established worldwide reputation with the multinational consumers while there are some local players selling their smart speakers to the domestic market. Smart speaker vendors provide smart speakers based on the different type of Intelligent Virtual Assistant (IVA).

However, the competition in the global smart speaker market is dominated by few smart speaker vendors. Further, key players of the smart speaker market are also profiled with their financial information and respective business strategies.

Market Dynamics

Growth Drivers

Rising Disposable Income Increasing Demand for Smart Home Devices Escalating Internet Users Surging Urban Population Increasing Adoption of Internet of Things (IoT) Technology

Challenges

High Security and Privacy Risk Lack of Compatibility High Prices of Smart Speakers Localization of Language Spoken

Trends

Establishment of Wireless 5G Network Increasing Use of Intelligent Virtual Assistant (IVA) Technology Advancement in Artificial Intelligence (AI) Rapid Proliferation of Multifunctional Devices

Key Topics Covered

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Market Dynamics

6. Competitive Landscape

7. Company Profiles

Amazon.com Inc. Apple Inc. Alphabet Inc. (Google) Sonos Inc.

For more information about this report visit https://www.researchandmarkets.com/research/wb6mhw/global_smart?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005418/en/

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Related Topics:Audio Equipment

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE AUDIO/VIDEO MOBILE/WIRELESS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/01/2018 06:14 AM/DISC: 10/01/2018 06:14 AM

http://www.businesswire.com/news/home/20181001005418/en

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