Huge Demand of Global Intelligent Speakers Market during 2021-2029
New Study Reports “Intelligent Speakers Market 2021, Analysis, Growth, Size, Trends Forecasts 2029″ has been Added on PMR.
Report Overview
Starting with the overview of the Intelligent Speakers Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2029.
The intelligent speakers market is expected to grow ~29% annually through 2029. Apart from just producing audio output, intelligent speaker includes advanced features such as voice assistant, and allows users to make to-do list, set alarms, and gain access to real time information.
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PMR reports that the global intelligent speakers market generated a revenue of ~US$ 8,355 Mn in 2018. Rapid advances in disruptive technologies such as IoT and Artificial Intelligence have been impacting the growth of the intelligent speakers market. Incessant rise in demand for smart home devices has led to an increase in the adoption of multifunctional devices, and the result is likely to lead to surge in sales of intelligent speakers.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Amazon.com, Apple, Sonos, Riva Concert, JBL, Alphabet (Google), Bluesound, Bose, Sony Corporation, Panasonic Corporation, Samsung Electronics Co., Polk Audio and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Intelligent Speakers.
Key Takeaways from the Intelligent Speakers Market Study
- Rapid penetration of digital technologies and smart devices in both residential and commercial areas has been weighing on a same scale as the rising demand for intelligent speakers.
- Increasing adoption of online audio listening, especially among the millennial demographic, is likely to impact the growth of the intelligent speakers market.
- With the advancements of technologies, the quest of assistant which listens to consumers’ calls, anticipates their needs, and takes action when necessary has been on the rise, thereby potentially raising the demand for intelligent speakers.
- PMR reports that demand for Alexa will increase with striking CAGR of ~33% through 2029.
- While North America continues to offer greater opportunities for the intelligent speaker manufacturers, growth prospects of the market will increase in APEJ, in the view of macro factors such as urbanization and increased disposable income.
“As the quest of ‘convenience’ intensifies, today’s consumers are continuously leveraging smart devices that use several types of connectivity to perform a wide range of functions. The demand for intelligent speakers will continue to be quite strong going forward, on the account of deploying voice-activated digital assistant that can operate every home automation hub,” says the FMI analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Intelligent Speakers Market Manufacturers
Intelligent Speakers Market Distributors/Traders/Wholesalers
Intelligent Speakers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Intelligent Speakers Market Report:
- The Intelligent Speakers Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Intelligent Speakers Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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