Global Smart Speakers Market is estimated to grow at a CAGR of 36% from 2022

Pune, India, March 10, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Smart Speakers Market.


Market Highlights


The global smart speakers market is poised to reach at market size of USD ~9 billion by end of year 2022 growing with ย ~36% of CAGR. Rise in number of smart homes and increasing wireless streaming of audio content, rise in per capita income and high preference for wireless technology are driving the smart speakers market globally.


This study provides an overview of the global smart speakers market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global smart speakers market as product type and application. On the basis of product type it is segmented as single-speakers, double-speakers and multi-speakers. On the basis of application it is segmented as personal use and commercial use.


Taste the market data and market information presented through more than 25 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on โ€œThe Smart Speakers Market Research Report -Forecast to 2022โ€.


ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/smart-speakers-market-2286


Smart Speakers Market:
U.S. accounts for the largest market share, majorly due to increase in number of smart homes, rising disposable income, changing lifestyle and government policies. Also, Asian countries such as Japan and Korea are expected to grow at a fast pace, majorly due to advancement in the IT industry and investments in research & development sector.


For the purpose of this study, Market Research Future has segmented the market of smart speakers into product type, connectivity, application and regions. By product type, the market has been bifurcated into single-speakers, double-speakers and multi-speaker. On the basis of connectivity, the market has been segmented into- Wi-Fi enabled speakers, Bluetooth enabled speakers, NFC enabled speakers among others. On the basis of application, the market includes- personal use and commercial use.


The key players of global smart speakers market report include Beats Electronics (U.S.), Bose Corporation (U.S.), Samsung Electronics Limited (Korea), Harman (U.S.), LG Electronics (South Korea), Altec Lansing (U.S.), Avnera Corporation (U.S.), Panasonic (Japan) , D&M Holdings, Inc (Japan) and Sharp Corporation (Japan) among others.


Market Research Analysis:
The global smart speakers market is expected to grow significantly. In North America, U.S. is estimated to account for the largest market share majorly due to rise in smart homes, high per capita income, changing lifestyle and technological advancement. Asian countries, especially Japan and Korea are growing at a fast pace majorly due to high demand for consumer electronic products and rise in GDP. The Asian countries are expected to grow fast over the forecast period.


U.S. accounts for the largest market share in North America, majorly due to increase in number of smart homes, rising disposable income, changing lifestyle and government policies. Also, Asian countries such as Japan and Korea are expected to grow at a fast pace, majorly due to advancement in the IT industry and investments in research & development sector.


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