DUBLIN--(BUSINESS WIRE)--The "Smart Speaker Market by Intelligent Virtual Assistant End User Distribution Channel and Price - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Moreover, advancement of audio technology due to increased investment in R&D for innovative products by major players is expected to benefit the market. For instance, Alibaba is expected to invest $15bn in R&D of artificial intelligence and security technologies.
Select Findings
- The online segment is estimated to generate the highest revenue in terms of distribution channel for the global smart speaker market in 2017
- In 2017, the personal segment is projected to be the highest revenue contributor in the end-user segment
Key Players
- Amazon.com
- Samsung Electronics
- Apple
- Alibaba Group Holding Limited
- Alphabet (Google)
- Sonos
- Bose Corporation
- Xiaomi
- Baidu
- Plantronics (Altec Lansing/AL Infinity)
Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Smart Speaker Market, by Intelligent Virtual Assistant
Chapter 5: Smart Speaker Market, by End-User
Chapter 6: Smart Speaker Market, by Distribution Channel
Chapter 7: Smart Speaker Market, by Price Range
Chapter 8: Smart Speaker Market, by Region
Chapter 9: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/q936cx/the_global_smart?w=4
