Global Smart Speaker Market Growth, Price, Trends, Industry, Report & Forecast 2020-2023


News provided by

Shibuya Data Count

Feb 03, 2021, 07:10 EST


Shibuya-ku, Tokyo, Japan, Japan, Feb 03, 2021, 07:10 /Comserve / -- The major vendors in the global market are: Alphabet (Google), Amazon.com, HARMAN International, Alibaba Group, Sonos

This market research report on smart speaker market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by device type (first-party devices and third-party devices), by distribution (retail (specialty store, mass-market store, and electronic stores) and online channels), by end-users (residential users and commercial users), and by geography (APAC, Europe, North America, and ROW).

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91331

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The major vendors in the global market are:

• Alphabet (Google)
• Amazon.com
• HARMAN International
• Alibaba Group
• Sonos

Key Vendor Analysis


The global smart speaker market is witnessing the emergence of two major players such as Amazon and Google that are leading the competition level. The consumers’ expectations regarding continual innovations and upgrades will encourage vendors to launch new products in the global market. The presence of diversified international vendors and a few regional vendors will boost the revenues in the market. The increasing number of product or service extensions, technological innovations, and M&A activities will intensify the competition level in the market over the next few years. The business expansion plans of key companies to fast-developing countries in APAC and Latin America will propel the growth of the global smart speaker market during the forecast period.

Smart Speaker Market - Segmentation
This market research report includes a detailed segmentation of the market bydevices, end-users, distribution channels, and geography.

Smart Speaker Market – By Devices Type
First-party speakers introduce by Amazon and Google to dominate the global smart speaker market during the forecast period

The devices type segment in the global smart speaker market is divided into first-party devices and third-party devices. First-party devices segment occupied the largest market share in 2017, growing at a CAGR of approximately 24% during the forecast period. The increasing collaborations with smart ecosystem providers is propelling the demand for new systems in this segment in the global market. Leading vendors such as Amazon, Google, Apple, and Microsoft are leveraging its smart assistant platforms to introduce innovative products in the global market. The rapid improvement in audio quality and product designs will help manufacturers to gain a larger market share and attract new consumers over the next few years. For instance, Google Home Max by Google is an attempt to focus on sound quality as well as smartness of the speakers. Apple, living up to its reputation, focused on sound quality and launched HomePod in February 2018. Such innovations will boost the demand in the global smart speaker market.

Smart Speaker Market – By End-Users
The use of multi-room speakers to boost sales in the global smart speaker market during the forecast period

The global smart speaker market by end-users is segmented into residential users and commercial users. The residential end-users dominated the majority of the market share in 2017, growing at a CAGR of approximately 31% during the forecast period. These products are used by individuals who buy smart devices for home use or residential purposes in the global market. Some of the household are installing more than one product at home, thereby, boosting the revenues in this segment in the global market. The increasing application of these products as multi-room speakers will enable vendors to launch innovative products in the market. The increasing availability of Bluetooth-only speaker and allowing end-users to avail free calling facility in the US and Canadian region will attribute to the sales in this segment in the global market. Additionally, the improvement in economic conditions and rise in disposable income in emerging countries such as India and China will attribute to the growth of this segment in the global smart speaker market.

Smart Speaker Market – By Distribution Channel
Online retail segment to generate the highest revenues in the global smart speaker market during the forecast period

The distribution channel segment in the global smart speaker market is classified as retail (specialty store, mass-market store, and electronic stores) and online channels. Online channel occupied the largest market share in 2017, growing at a CAGR of over 21% during the forecast period. The growing number of online OEMs’ e-commerceportals and online direct-to-consumer stores such as Amazon, eBay, Best Buy, Alibaba, and JD.com is augmenting the growth of this segment in the global market. Factors such as ease-of-accessibility and convenience afforded by such channels are boosting the revenues of the online retail channel in the global market. The leading vendors are offering YouTube tutorial videos to help beginners to get knowledge of the working and set-up of voice-assistant speakers will ease in the global market. The increasing popularity of online stores in the UK, the US, and Germany will create lucrative opportunities for leading players in the global smart speaker market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91331

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by End-user Type
4.3.2 Market Segmentation by Distribution Channel Type
4.3.3 Market Segmentation by Device Type
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

Key market insights include

1. The analysis of global smart speaker market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global smart speaker market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global smart speaker market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

Related Links
https://www.sdki.us/



Also from this source


Malaysia: Hair Care Products Market and the Impact of COVID-19 on It in the Medium Term

This report presents a strategic analysis of the Malaysian hair care products market and a forecast


Sintering Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2025

The report predicts the global sintering market to grow with a CAGR of 3.9% over the forecast period


Explore


More news releases in similar topics