Smart Speaker Market is to Touch US$18,472.1 Mn by 2026; Emergence of Intuitive Voice Control to Fuel Smart Speaker Market, States TMR

Smart Speaker Market is to Touch US$18,472.1 Mn by 2026; Emergence of Intuitive Voice Control to Fuel Smart Speaker Market, States TMR

PR Newswire

ALBANY, New York, January 18, 2019

ALBANY, New York, January 18, 2019 /PRNewswire/ --

The global smart speaker market is projected to witness healthy growth in the forthcoming years, as reported by Transparency Market Research (TMR). A large number of players are foraying into the business landscape, offering unique functions with the end-user's demands in mind. Vendors in the global smart speaker market are seen focusing on some smart organic as well as inorganic growth strategies in order to gain an edge over their competitors.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

The key players in the smart speaker market are seen investing their resources in intuitive voice technologies. Several companies are involved in the process of utilizing artificial intelligence in their products, and offering smarter product portfolio. A key strategy adopted by vendors in the global smart speaker market are strategic mergers and acquisitions. This move is expected to help vendors retain their position in the market, as well as enhance their product portfolio.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=29225

Key vendors in the global smart speaker market are Apple, Inc., Amazon.com, Xiaomi Inc., Harman International, and Sonos, Inc.

According to TMR, the global smart speaker market is projected to expand at an 18.01% CAGR over the forecast period 2018 to 2026. The market is projected to rise to US$ 18,472.1 Mn by the end of the forecast period.

In terms of the modes of sales, the online segment is expected to surpass demand over the other segments. This could be attributed to the growing preference of consumers towards e-commerce due to its convenience.

Geographically, the region of Asia Pacific is prognosticated to emerge as a lucrative regional market for smart speakers. The region is expected to rise at a 19% CAGR over the forecast period.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=29225

Changing Lifestyles to Propel Smart Speaker Market 

Consumers have a strong focus on smart products, because they are able to control home products using the Internet and their mobile device. The growth of intelligent devices in intelligent homes can be explained as a result of IoT advances. There is an increasing need for security and safety.

The continued demand for convenient and comfortable home owners lifestyles has led to the rapid development of connected solutions in intelligent homes. Since 2012, the number of intelligent products launched on the market has gradually increased. Demand for intelligent speakers, particularly in smart homes, has steadily increased as consumers are increasingly demanding advanced and multifunctional devices. In addition, due to the growth of smartphones, music can be streamed to a specific device and thus the need for smart speakers is rising.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=29225

Multiple Functions in Product to Emerge as Key Market Trend 

These devices extend their functionality in addition to the provision of sound and entertainment to include various further applications, such as live music and news streaming, problem solving, setting up reminders, and ordering of domestic supplies. The integration of the software has set new paths for the market for intelligent speakers. The planned growth for virtual assistants over the prediction period is high and various companies have used this opportunity to launch products with virtual assistants.

The study presented here is based on a report by Transparency Market Research (TMR) titled, "Smart Speaker Market (Components - Hardware (Processor, Microphone, Connectivity IC, and Audio System), and Software; Mode of Sale - Online and Offline; Application - Commercial and Personal; Voice Assistant Type - Amazon Alexa, Google Assistant, Apple Siri, and Microsoft Cortana) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026."

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/smart-speakers-market.htm

The Smart Speaker Market is segmented for detailed study in the following way:

Global Smart Speaker Market, by Component 

Global Smart Speaker Market, by Mode of Sale 

Global Smart Speaker Market, by Application 

Global Smart Speaker Market, by Voice Assistant Type 

Global Smart Speaker Market, by Geography 

Browse More IT & Telecom Market Research Reports

Popular Research Reports by TMR: 

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

Research Blog: http://www.techyounme.com/

Voltar noticias em Inglês