DUBLIN--(BUSINESS WIRE)--The "Smart Speaker Market by IVA (Alexa, Google Assistant, Siri, Cortana), Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone,) and Software), Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The smart speaker market was valued at USD 2.68 Billion in 2018 and is expected to reach USD 11.79 Billion by 2023, at a CAGR of 34.44% between 2018 and 2023.
Major drivers for the growth of the smart speaker market are increasing number of smart homes, rising disposable income, rapid proliferation of multifunctional devices, and growing trend of personalization.
RoW is expected to be the fastest-growing region in the smart speaker market between 2018 and 2023. Key players are targeting the Middle Eastern countries owing to high disposable income and increasing consumption of connected consumer electronics. Major drivers are the young and highly tech-savvy population, and the government efforts to transform the region from carbon-based economy to technology-based economy.
- Increasing Number of Smart Homes
- Rising Disposable Income
- Rapid Proliferation of Multifunctional Devices
- Growing Trend of Personalization
- Issues Related to Connectivity Range, Compatibility, and Power
- Increasing Consumer Preference for Technologically Advanced Products
- Increasing Focus of Companies On Enhancing Customer Experience
- High Security Risk
- Availability of Substitute
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Smart Speaker Market, by Intelligent Virtual Assistant
7 Smart Speaker Market, by Component
8 Smart Speaker Market, by Application
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Altec Lansing
- D&M Holdings
- Harman International
- Lg Electronics
- Sk Telecom
- Ultimate Ears
For more information about this report visit https://www.researchandmarkets.com/research/tgbxwz/global_smart?w=4