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The smart speaker market is forecast to grow by USD 50.75 billion during 2023-2028, accelerating at a CAGR of 34.28% during the forecast period. The report on the smart speaker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapidly increasing unit sales of smart speakers, growing need for smart speakers in households, and rising demand for smart speakers from non-english-speaking countries.
The smart speaker market is segmented as below:
By End-user
- Residential
- Commercial
By Distribution Channel
- Offline
- Online
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the smart speaker market covers the following areas:
- Smart speaker market sizing
- Smart speaker market forecast
- Smart speaker market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global smart speaker market: Alphabet Inc., Amazon.com Inc., Apple Inc., Bang and Olufsen Group, Belkin International Inc., Bose Corp., Edifier International Ltd., Imagine Marketing Pvt. Ltd., Lenovo Group Ltd., LG Electronics Inc., NXP Semiconductors NV, Onkyo Corp., Portronics Digital Pvt. Ltd., Qualcomm Inc., Samsung Electronics Co. Ltd., Sonos Inc., Sony Group Corp., Xiaomi Communications Co. Ltd., Zebronics India Pvt. Ltd., and Zound Industries International AB.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing popularity of voice commerce."
According to the report, one of the major drivers for this market is the rapidly increasing unit sales of smart speakers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Bang and Olufsen Group
- Belkin International Inc.
- Bose Corp.
- Edifier International Ltd.
- Imagine Marketing Pvt. Ltd.
- Lenovo Group Ltd.
- LG Electronics Inc.
- NXP Semiconductors NV
- Onkyo Corp.
- Portronics Digital Pvt. Ltd.
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
- Sonos Inc.
- Sony Group Corp.
- Xiaomi Communications Co. Ltd.
- Zebronics India Pvt. Ltd.
- Zound Industries International AB
