Press Release

Smart Speaker Market Analysis and Growth during the Forecast Period 2018-2025 | Key Players include Amazon.com, Inc., Apple, Inc., Alibaba Group, Alphabet Inc., Sonos, Inc., Bose Corporation

According to a recent report titled, Global Smart Speaker Market by Intelligent Virtual Assistant, End User, Distribution Channel, and Price: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global smart speaker was valued at $4,358 million in 2017, and is projected to reach $23,317 million by 2025, registering a CAGR of 23.4% from 2018 to 2025.

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At present, North America dominates the market, followed by Europe. In 2017, the U.S. was dominant in the North America market, while Germany is expected to lead at a significant growth rate in Europe.

Proliferation of smart home devices is the significant factor, which currently drives the growth of the smart speakers market. Other factors, which influence the market growth are increase in consumer readiness to invest on trending technologies and increase in usage of smart devices among the younger generation. Also, the development of partnerships between smart home manufacturers and creators of smart speakers enables smooth integration of smart home devices with the smart speaker. This proves to be a key factor in the adoption of smart speakers.

The Major players reported in the market include:

The key players operating in the smart speaker market include Amazon.com, Inc., Apple, Inc., Alibaba Group, Alphabet Inc. (Google Inc.), Sonos, Inc., Bose Corporation, Xiaomi, Samsung Electronics Co. Ltd., and Baidu Inc. and Plantronics, Inc. (Altec Lansing/AL Infinity, LLC).

KEY BENEFITS

The study provides an in-depth analysis of the Smart Speaker market along with current and future trends to elucidate the imminent investment pockets.

The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.

Porter’s Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.

The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.

The quantitative analysis of the market during the period of 2018-2025 is provided to elaborate the market potential.

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KEY MARKET SEGMENTS:

By Intelligent Virtual Assistant

Amazon Alexa

Google Assistant

Siri

Cortana

Others (AliGenie, Xiaomi Al Assistant, DuerOS, SKT NUGU, Naver Clova, and Kakao)

By End User

Personal

Commercial

By Distribution Channel

Online

Offline

By Price

Low (Less than $100)

Mid ($101-$200)

Premium (Above $200)

BY GEOGRAPHY

North America

Europe

Asia Pacific

Central & South America

Middle East and Africa

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 WORLD SMART SPEAKER MARKET, BY END USER

CHAPTER 5 WORLD SMART SPEAKER MARKET, BY APPLICATION

CHAPTER 6 WORLD SMART SPEAKER MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

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