Global Smart Speaker Market Report 2023: Trends and Outlook 2018-2022 & 2023-2028 Featuring Sony, Amazon, Sonos, Apple, Alibaba, Bose, Alphabet, Panasonic, Baidu, & Samsung

DUBLIN, March 13, 2023 /PRNewswire/ -- The "Global Smart Speaker Market | Size, Trends, Share, Outlook, Revenue, Forecast, Analysis, Value, Segmentation, Industry & COVID-19 Impact" report has been added to  ResearchAndMarkets.com's offering.

Global Smart Speaker Market size is projected to grow at a CAGR of 15.4% during 2022-2028

The global smart speaker market is likely to anticipate rapid growth in the coming years on the back of rapid rate of urbanization and growing number of smart cities across the globe.

Steadily growing rate of household disposable income, growing preference for luxury living and villas would further complement the demand of smart speaker market. The global smart speaker market growth could be attributed to increase in internet users globally.

Many countries have imposed lockdown which have contributed to low market demand for majority of appliances however, smart speaker market registered substantial growth due to the lockdown restrictions imposed across the country which led to growth in virtual assistants as people were spending more time at home, thereby demand for smart entertainment products have witnessed a huge demand.

Moreover, The U.S. Department of Energy (DOE) announced in October 2021 that it would invest $61 million in 10 pilot projects to deploy new technologies to upgrade thousands of homes and workplaces into smart buildings. Henceforth, these smart buildings initiatives would propel the growth of smart speakers globally in the years ahead.

Market by Intelligent Virtual Assistant

By Intelligent Virtual assistant, Google assistant would continue to generate the most revenues globally owing to wider language support and also it has been used by third parties like Sonos, Bose, JBL, Sony etc and it is available in cost effective prices. At the second place, Alexa has generated the highest revenue and expected to grow at highest rate in the coming years.

Market by End Users

By End Users residential sector garnered the maximum revenue on account of increase in housing projects. In the forecasted period residential sector would continue to dominate on the back of establishment of 8 million homes in India and 54 smart projects in UK consisting of more than 40,000 homes.

India is anticipated to dominate the Asia Pacific smart speaker market over the projected period due to rapid urbanization. Additionally, India's government is spending about $30 billion on 4G and 5G infrastructure, strengthening the country's digital infrastructure. Henceforth, propelling the growth of smart speaker in India in years ahead.

Key Highlights of the Report

• Historical Data of Global Smart Speaker Market for the period 2018-2028
• Market Size and Forecast of Global Smart Speaker Market until 2028
  Global Smart Speaker Market Competitive Benchmarking
• Global Smart Speaker Market Drivers and Restraints
• Global Smart Speaker Market Trends & Evolution
• Global smart speaker Industry Life Cycle
• Porter's Five Force
• Global Smart Speaker Market Ranking. By Company
• Company Profiles
• Key Strategic Recommendations

Company Profiles

• Sony Group Corporation
• Amazon.com, Inc.
• Sonos. Inc.
• Apple Inc.
• Alibaba Group Holding Ltd
• Bose Corporation
• Alphabet Inc.
• Panasonic Corporation
• Baidu Inc.
• Samsung Electronics Co. Ltd.

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3. Global Smart Speaker Market Overview
3.1 Global Smart Speaker Market Overview
3.2. Global Smart Speaker Market Industry Life Cycle
3.3. Global Smart Speaker Market Porter's Five Forces
3.4 Global Smart Speaker Market Revenue Share and Revenues, By Intelligent Virtual Assistant, 2018-2028F
3.4.1 Global Smart Speaker Revenue Share and Revenues, By Google Assistant, 2018-2028F
3.4.2 Global Smart Speaker Market Revenue Share and Revenues, By Alexa, 2018-2028F
3.4.3 Global Smart Speaker Market Revenue Share and Revenues, By Siri, 2018-2028F
3.4.4 Global Smart Speaker Market Revenue Share and Revenues, By Others (Cortana & Tmall Genie), 2018-2028F
3.5 Global Smart Speaker Market Volume Share and Volume, By Intelligent Virtual Assistant, 2018-2028F
3.5.1 Global Smart Speaker Market Volume Share and Volume, By Google Assistant, 2018-2028F
3.5.2 Global Smart Speaker Market Volume Share and Volume, By Alexa, 2018-2028F
3.5.3 Global Smart Speaker Market Volume Share and Volume, By Siri, 2018-2028F
3.5.4 Global Smart Speaker Market Volume Share and Volume, By Others (Cortana & Tmall Genie), 2018-2028F
3.6 Global Smart Speaker Market Revenue Share and Revenue, By End Users, 2018-2028F
3.6.1 Global Smart Speaker Market Revenue Share and Revenues, By Residential, 2018-2028F
3.6.2 Global Smart Speaker Market Revenue Share and Revenues, By Commercial, 2018-2028F
3.7 Global Smart Speaker Market Revenue Share and Revenue, By Distribution Channel, 2018-2028F
3.7.1 Global Smart Speaker Market Revenue Share and Revenues, By Online, 2018-2028F
3.7.2 Global Smart Speaker Market Revenue Share and Revenues, By Offline, 2018-2028F
3.8 Global Smart Speaker Market Revenue Share, By Countries, 2021 & 2028F
3.9 Global Smart Speaker Market Opportunity Assessment, By Countries, 2028F

4. Impact Analysis of Covid-19 on Global Smart Speaker Market

5. Global Smart Speaker Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints

6. Global Smart Speaker Market Trends & Evolution

For more information about this report visit https://www.researchandmarkets.com/r/ustlle

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