Smart Speaker Market Size, Share | Industry Growth by 2027| COVID-19 Impact Analysis |
The global smart speaker market size 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. North America constituted the highest smart speaker market share of 36.9%. The smart speaker market growth rate is highest in Asia-Pacific delivering a CAGR of 24.93%. Allied Market Research published a new report, titled, "Smart Speaker Market - Global Share, Size, COVID-19 Impact Analysis, Growth and Forecasts". Smart speaker market has grown rapidly over the past few years. Digital transformation projects across verticals witnessed huge uptake and are also expected to contribute further in the near future. Smart speaker market gains popularity in various industries including IT & telecom, BFSI, and healthcare, owing to its supreme benefits such as high-speed random access of data and low power consumption. These insights help to devise strategies and create new opportunities to achieve exceptional results. The research offers an extensive analysis of key players active in the global Smart speaker industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Get Request Sample Report: https://www.alliedmarketresearch.com/request-sample/5017 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.This makes it important to understand the practical implications of the Smart speaker market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. The Interested Potential Key Market Players Can Enquire for the Report Purchase at: https://www.alliedmarketresearch.com/purchase-enquiry/5017 The market is evaluated based on its regional penetration, explaining the performance of the industry in each geographic regions covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). 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., Baidu Inc., and Plantronics, Inc. (Altec Lansing/AL Infinity, LLC). Among the companies, Amazon.com, Inc. captured the highest smart speaker market size. Key Benefits The report provides a qualitative and quantitative analysis of the current Smart speaker market trends, forecasts, and market size from 2020 to 2027 to determine the prevailing opportunities.Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.Top impacting factors & major investment pockets are highlighted in the research. The major countries in each region are analyzed and their revenue contribution is mentioned.The market report also provides an understanding of the current position of the market players active in the Smart speaker market. Is there any query or need customization? Ask to our Industry Expert @ https://www.alliedmarketresearch.com/request-for-customization/5017 Key market segments On the basis of the end user, the market is bifurcated into personal and commercial. The personal segment held the largest share in 2017, contributing more than four-fifths of the total market. However, the commercial segment is estimated to portray the fastest CAGR of 24.7% through 2025. Based on the distribution channel, the market is categorized into online and offline. The online segment held the largest share in 2017, garnering more than four-fifths of the market and is expected to register the fastest CAGR of 23.6% from 2018 to 2025. On the basis of price, the market is divided into low, mid, and premium. The low segment held the lion’s share in 2017. However, the premium segment is estimated to register the fastest CAGR of 24.6% during the forecast period. Chapters of the Report are mentioned Below: CHAPTER 1: INTRODUCTION CHAPTER 2: EXECUTIVE SUMMARY CHAPTER 3: MARKET LANDSCAPE CHAPTER 4: SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT CHAPTER 5: SMART SPEAKER MARKET, BY DISTRIBUTION CHANNEL CHAPTER 6: SMART SPEAKER MARKET, BY PRICE RANGE CHAPTER 6: SMART SPEAKER MARKET BY REGION CHAPTER 7: COMPANY PROFILES For Detailed Analysis of COVID-19 Impact on Smart speaker Market:https://www.alliedmarketresearch.com/connect-to-analyst/5017 About Us: Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 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