DUBLIN--(BUSINESS WIRE)--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
