The global smart speaker market size is expected to reach USD 23.93 billion in 2028 at a CAGR of 16.9% during the forecast period, according to the latest report by Emergen Research. Increasing demand for smart appliances and devices due to growing trend of smart homes, rising preference for connected devices, and availability of technologically advanced smart devices are key factors expected to drive market revenue growth over the forecast period. In addition, introduction and launch of smart speakers with advanced features, support for popular voice assistants, and reasonable prices are some other key factors expected to further fuel revenue growth of the market going ahead.

This report studies the global smart speaker market status and forecast, categorizes the global smart speaker market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Top Companies Operating in the Smart Speaker Market and Profiled in the Report are:

Apple, Inc., Alphabet, Inc., Amazon.com, Inc., Sony Corporation, Lenovo Group Ltd., Xiaomi Corporation, Altec Lansing, Inc., SK Telecom Co. Ltd., Onkyo Corporation, and Baidu, Inc.

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The latest report on the global Smart Speaker market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the Smart Speaker market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Smart Speaker market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2020-2027.

Objectives of the Report:

• Study of the global Smart Speaker market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
• Industrial structure analysis of the Smart Speaker market by identification of various sub-segments
• Extensive analysis of key market players along with their SWOT analysis
• Competitive landscape benchmarking
• Analysis of Smart Speaker market based on growth trends, futuristic outlook, and contribution to the total growth of the market
• Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Speaker market
• Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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For the purpose of this report, Emergen Research has segmented the global smart speaker market on the basis of component, application, intelligent virtual assistant, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018-2028)

• Hardware
• Software

Application Outlook (Revenue, USD Billion; 2018-2028)

• Smart Office
• Smart Home
• Others

Intelligent virtual assistant Outlook (Revenue, USD Billion; 2018-2028)

• Google Assistant
• Alexa
• Siri
• Cortana
• Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

• Commercial
• Personal

Smart Speaker Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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