Global Smart Speaker Market– Industry Trends and Forecast to 2025

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Global Smart Speaker Market
Global Smart Speaker Market to Grow at 36.9 of
CAGR by 2025
The Global Smart Speaker Market is expected to
reach USD 12.8 billion by 2025, from USD 2.1
billion in 2017 growing at a CAGR of 36.9
during the forecast period of 2018 to 2025. The
upcoming market report contains data for historic
year2016, the base year of calculation is 2017
and the forecast period is 2018 to 2025.
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Report Description

• Major Market Drivers
• Growing number of smart homes
• Rising disposable income
• Rapid proliferation of multifunctional devices
• Growing trend of personalization
• Issues related to connectivity range,
  compatibility, and power.

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Market Segmentation

• The global smart speaker market is segmented into
  Intelligent Virtual Assistant, Component,
  application, end user and by geography.
• Based on intelligent virtual assistant, the
  market is segmented into Alexa, Google Assistant,
  Siri and Cortana.
• Based on component, the market is segmented into
  hardware and software. hardware is further
  segmented into speaker driver, connectivity IC,
  processor, audio IC, memory, power IC and
  microphone.
• On the basis of application, the market is
  classified into smart home, consumer and smart
  office.

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Competitive Analysis
The global smart speaker market is highly
fragmented and the major players have used
various strategies such as new product launches,
expansions, agreements, joint ventures,
partnerships, acquisitions, and others to
increase their footprints in this market. The
report includes market shares of smart speaker
market for global, Europe, North America, Asia
pacific and South America.
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arket
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Major Market Competitors

• Amazon.com Inc.
• Apple Inc.
• Sonos. Inc.
• Pioneer
• Alphabet
• Bose Corporation.
• SONY
• Onkyo
• Panasonic
• Alibaba.com
• Pioneer
• Altec Lansing/AL Infinity, LLC.
• Lenovo.
• Xiaomi.

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