Smart Speaker Market Is Anticipated To Grow At A Cagr Of 34% During 2019 To 2024

By Author: Lucintel LLC
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The global smart speaker market is projected to grow at a CAGR of 34% during 2019 to 2024. The growth of smart speaker market is driven by increasing number of smart homes, rising disposable income, rapid proliferation of multifunctional devices, and increasing need for personalize experience.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global smart speaker market by intelligent virtual assistant (alexa, google assistant, siri, aligenie, and others( xiaowei, dueros, bixby, and cortana)), end use industry (residential and commercial), component (hardware (speaker driver, connectivity IC, processor, audio IC, memory, power IC, microphone, and others), and software ), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the smart speaker market?
Q.4 What are some changing demands of customers in the smart speaker market?
Q.5 What are the new developments in the smart ...
... speaker market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this smart speaker area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this smart speaker market?

Download Brochure of this report by clicking on https://www.lucintel.com/smart-speaker-market.aspx

Market Segmentation:
Based on intelligent virtual assistant, the smart speaker market is segmented into alexa, google assistant, siri, aligenie, and others (xiaowei, dueros, bixby, and cortana). The siri segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its surround sound and strong brand image.

North America will remain the largest market due to the presence of early adopters in this region.
Key Players in the smart speaker market are Amazon, Harman International, Apple, Sonos, Alphabet, Bose, Sony, Onkyo, Panasonic, SK Telecom.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/smart-speaker-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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