Global Smart Voice Assistant Speaker Market, 2022: Market is Likely Grow at a CAGR of 43.68% and 30.45% in Terms of Unit Shipment and Revenue
DUBLIN, September 26, 2017 /PRNewswire/ --
The "Global Smart Voice Assistant Speaker Market - Strategic Assessment and Forecast 2017-2022" report has been added to Research and Markets' offering.
The global smart voice assistant speaker market is likely to post a CAGR of 43.68% and 30.45% in terms of unit shipment and revenue, respectively during 2016-2022.
Global Smart Voice Assistant Speaker Market - Strategic Assessment and Forecast 2017-2022, considers the present scenario of the global smart voice assistant speaker market and its strategic assessment for the period 2017-2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
A smart voice assistant speaker, which is also known as a voice-activated speaker or voice-controlled speaker or VPA-enabled speaker, is a smart device by which a user can control using its voice. The speaker uses artificial intelligence (AI) to play music, find information, and control other connected devices in the house. A smart voice assistant speaker makes use of voice assistant platforms such as Alexa by Amazon, Google Assistant by Google, Cortana by Microsoft, and other voice assistant platforms.
The market growth is more profound in developed markets such as Western Europe and North America. Modern and fast-paced lifestyle in developed countries such as the US, Canada, the UK, and Germany has led to the consumption of products that offer ease-of-use and convenience. In such countries, the penetration of smart homes has also increased, driving the sale of smart devices.
Apart from an increasing demand from developed markets, factors such as the integration of voice assistance technology in household appliances and enhanced marketing and visibility of these products online have contributed to the growth of the market.
Furthermore, the online retail market for smart voice assistant speakers is particularly well-developed and is growing, with the presence of online retailers such as Amazon, JD.com, and eBay offering products from vendors.
Increasing popularity of voice-first technology, rising investment on IoT by vendors, and growing push for digital economy in developing economies are a few emerging trends described in the report. Further, the report includes a detailed study of emerging trends, factors driving the growth, and expected challenges of the market during the period 2017-2022. Similarly, increased instances of voice searches, penetration of broadband and internet connections, and increased adoption of smart homes are among the major factors that are expected to drive the growth of the global voice assistant speaker market. The report also includes Porter's Five Forces analysis and its impact on the market.
Key Topics Covered:
Section 1 Research Methodology
Section 2 Report Coverage
Section 3 Market Landscape
Section 4 Key Market Trends
Section 5 Key Market Growth Drivers
Section 6 Key Market Restraints
Section 7 Value Chain Analysis
Section 8 Global Market Size and Forecast
Section 9 Market Segmentation by Distribution Channels
Section 10 Geographical Segmentation
Section 11 Smart Voice Assistant Speaker Market in North America
Section 12 Smart Voice-Assistant Speaker Market in Europe
Section 13 Smart Voice-Assistant Speaker Market in APAC
Section 14 Smart Voice-Assistant Speaker Market in RoW
Section 15 Vendor Landscape
Section 16 Key Vendor Analysis
Section 17 Other Vendors with Prominent Presence in Market
Section 18 Summary of the Report
Section 19 Summary of Figures
Section 20 Appendix
Companies Mentioned
- Alphabet (Google)
- Amazon
- Beijing LingLong
- Cubic Robotics
- Fabriq
- HARMAN
- Interactive Voice
- Invoxia
- Jam Audio
- Lenovo
- Mattel
- Mycroft
- NVIDIA
- Protonet
- SPACO
- Silk Labs
- Sony
- Swan Solutions
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