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Smart speaker is the newest hi-tech innovation in the field of audio systems, which has changed the way people use speakers. Smart speaker is a wireless speaker powered by artificial intelligence virtual assistant and is facilitated by Bluetooth, Wi-Fi or other wireless features. Smart speaker is the leading segment of today’s audio systems as it performs different tasks including news reading, weather update, listening music, placing an order to a website, scheduling reminders, integrating smart home devices and so on, just on voice command. These smart features of a smart speaker offer an edge to dominate consumer technology market over other substitute products and services. Global Smart Speaker Market is expected to be more than USD 18 Billion by the end of year 2024.
Smart speaker is a key assimilation of improved microphones, automated speech recognition software and natural language processing (NLP), which help smart speaker to identify and process the voice command of the user with absolute precision. Growing smart home devices demand, penetration of artificial intelligence and consumer demand for easy, portable, convenient and smart devices are some of the major factors, which are driving the growth of smart speakers market globally. Besides, collaborations and partnerships among the smart homemakers and manufacturers of smart speakers further expected to boost the smart speakers market over the upcoming years. In contrary, the potential exploitation of consumers’ data privacy by the manufacturers of smart speakers and the threat of illegitimate cyber-attacks are among the major issues that would hinder the growth of smart speakers market as smart speakers offer personalized service to their users by collecting and analyzing user’s data.
“Smart Speaker Market & Volume By Platform (Amazon Alexa, Google Assistant, Apple Siri, Others), Countries (United States, United Kingdom, Germany, China, Others), Regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa), Companies (Amazon, Apple, Google, Microsoft, Xiaomi)” provides a complete analysis of global smart speaker market.
Amazon Alexa holds majority of Market in the Global Smart Speaker Segment
On the basis of platform, global smart speaker market is further segmented into Amazon Alexa, Google Assistant, Apple Siri, Others. Amazon Alexa holds majority of market share in the global smart speaker market.
North America is dominates Smart Speaker Market Globally
In this report, we have done comprehensive analysis of smart speaker volume and market by regions. The covered regions are; North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa. The demand of smart speaker in North America is quite huge and its sales are growing at rapid pace.
United States is the leading Country in Smart Speaker Market
Smart speaker market is growing across all parts of the world. Market growth rates varies in the countries covered in the report United States, United Kingdom, Germany, China, Others. United States is the leading country in smart speaker market globally.
Companies Analysis
Amazon, Apple, Google, Microsoft, Xiaomi are some of the top companies that are working in smart speaker market. All the companies have been studied from the following points.
Overview
Initiatives & Recent Developments
Sales
Segments - Global Smart Speaker Market & Volume
Smart Speaker Volume
Smart Speaker Market
Platforms - Global Smart Speaker Market & Volume
Amazon Alexa
Google Assistant
Apple Siri
Others
Countries - Global Smart Speaker Market & Volume
United States
United Kingdom
Germany
China
Others
Regions - Global Smart Speaker Market & Volume
North America
Latin America
Eastern Europe
Western Europe
Asia Pacific
Middle East & Africa
Companies Covered
Amazon
Apple
Google
Microsoft
Xiaomi
Table of Contents
1. Introduction
2. Research & Methodology
3. Growth Driver – Smart Speaker 3.1 Growing Market of Smart Homes 3.2 Growing GDP per Capita 3.3 Rising Internet Penetration across the Globe
4. Challenges– Smart Speaker 4.1 Issues related to Compatibility and Power 4.2 Privacy and Security Concern 4.3 Localization of Languages 4.4 High Cost of the Devices
5. Opportunities – Smart Speaker 5.1 Increasing Focus of Companies on Enhancing Customer Experience 5.2 Establishment of 5G Infrastructure 5.3 Advancement of Natural Language Processing (NLP)
8. Market Share – Smart Speaker Analysis 8.1 By Platform 8.2 By Country 8.3 By Regions
9. Volume Share – Smart Speaker Analysis 9.1 By Platform 9.2 By Country 9.3 By Regions
10. Platform – Smart Speaker Market 10.1 Amazon Alexa 10.2 Google Assistant 10.3 Apple Siri 10.4 Others
11. Platform – Smart Speaker Volume 11.1 Amazon Alexa 11.2 Google Assistant 11.3 Apple Siri 11.4 Others
12. Regions – Smart Speaker Market 12.1 North America 12.2 Latin America 12.3 Eastern Europe 12.4 Western Europe 12.5 Asia Pacific 12.6 Middle East & Africa
13. Regions – Smart Speaker Volume 13.1 North America 13.2 Latin America 13.3 Eastern Europe 13.4 Western Europe 13.5 Asia Pacific 13.6 Middle East & Africa
14. Country – Smart Speaker Market 14.1 United States 14.2 United Kingdom 14.3 Germany 14.4 China 14.5 Others
15. Country – Smart Speaker Volume 15.1 United States 15.2 United Kingdom 15.3 Germany 15.4 China 15.5 Others
16. Investments
17. Companies Covered 17.1 Amazon 17.2 Apple 17.3 Google 17.4 Microsoft 17.5 Xiaomi
List of Figures:
Figure-01: Global – Smart Speaker Market (Million US$), 2018 & 2024 Figure-02: Global – Smart Speaker Volume (Million Unit), 2018 & 2024 Figure-03: Global – Smart Home Market (Billion US$), 2016 – 2024 Figure-04: Comparison of Smart Speakers Figure-05: Global – Smart Speaker Market (Million US$), 2017 – 2018 Figure-06: Global – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-07: Global – Smart Speaker Volume (Million), 2017 – 2018 Figure-08: Global – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-09: Global – Smart Speaker Market Share by Platform (Percent), 2017 – 2018 Figure-10: Global – Forecast for Smart Speaker Market Share by Platform (Percent), 2019 – 2024 Figure-11: Smart Speaker Market Share by Country (Percent), 2017 – 2018 Figure-12: Forecast for Smart Speaker Market Share by Country (Percent), 2019 – 2024 Figure-13: Smart Speaker Market Share by Regions (Percent), 2017 – 2018 Figure-14: Forecast for Smart Speaker Market Share by Regions (Percent), 2019 – 2024 Figure-15: Global – Smart Speaker Volume Share by Platform (Percent), 2017 – 2018 Figure-16: Global – Forecast for Smart Speaker Volume Share by Platform (Percent), 2019 – 2024 Figure-17: Smart Speaker Volume Share by Country (Percent), 2017 – 2018 Figure-18: Forecast for Smart Speaker Volume Share by Country (Percent), 2019 – 2024 Figure-19: Smart Speaker Volume Share by Regions (Percent), 2017 – 2018 Figure-20: Forecast for Smart Speaker Volume Share by Regions (Percent), 2019 – 2024 Figure-21: Amazon Alexa – Smart Speaker Market (Million US$), 2017 – 2018 Figure-22: Amazon Alexa – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-23: Google Assistant – Smart Speaker Market (Million US$), 2017 – 2018 Figure-24: Google Assistant – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-25: Apple Siri – Smart Speaker Market (Million US$), 2017 – 2018 Figure-26: Apple Siri – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-27: Other Platform – Smart Speaker Market (Million US$), 2017 – 2018 Figure-28: Other Platform – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-29: Amazon Alexa – Smart Speaker Volume (Million), 2017 – 2018 Figure-30: Amazon Alexa – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-31: Google Assistant – Smart Speaker Volume (Million), 2017 – 2018 Figure-32: Google Assistant – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-33: Apple Siri – Smart Speaker Volume (Million), 2017 – 2018 Figure-34: Apple Siri – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-35: Other Platform – Smart Speaker Volume (Million), 2017 – 2018 Figure-36: Other Platform – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-37: North America – Smart Speaker Market (Million US$), 2017 – 2018 Figure-38: North America – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-39: Latin America – Smart Speaker Market (Million US$), 2017 – 2018 Figure-40: Latin America – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-41: Eastern Europe – Smart Speaker Market (Million US$), 2017 – 2018 Figure-42: Eastern Europe – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-43: Western Europe – Smart Speaker Market (Million US$), 2017 – 2018 Figure-44: Western Europe – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-45: Asia Pacific – Smart Speaker Market (Million US$), 2017 – 2018 Figure-46: Asia Pacific – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-47: Middle East & Africa – Smart Speaker Market (Million US$), 2017 – 2018 Figure-48: Middle East & Africa – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-49: North America – Smart Speaker Volume (Million), 2017 – 2018 Figure-50: North America – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-51: Latin America – Smart Speaker Volume (Million), 2017 – 2018 Figure-52: Latin America – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-53: Eastern Europe – Smart Speaker Volume (Million), 2017 – 2018 Figure-54: Eastern Europe – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-55: Western Europe – Smart Speaker Volume (Million), 2017 – 2018 Figure-56: Western Europe – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-57: Asia Pacific – Smart Speaker Volume (Million), 2017 – 2018 Figure-58: Asia Pacific – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-59: Middle East & Africa – Smart Speaker Volume (Million), 2017 – 2018 Figure-60: Middle East & Africa – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-61: United States – Smart Speaker Market (Million US$), 2017 – 2018 Figure-62: United States – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-63: United Kingdom – Smart Speaker Market (Million US$), 2017 – 2018 Figure-64: United Kingdom – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-65: Germany – Smart Speaker Market (Million US$), 2017 – 2018 Figure-66: Germany – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-67: China – Smart Speaker Market (Million US$), 2017 – 2018 Figure-68: China – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-69: Others – Smart Speaker Market (Million US$), 2017 – 2018 Figure-70: Others – Forecast for Smart Speaker Market (Million US$), 2019 – 2024 Figure-71: United States – Smart Speaker Volume (Million), 2017 – 2018 Figure-72: United States – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-73: United Kingdom – Smart Speaker Volume (Million), 2017 – 2018 Figure-74: United Kingdom – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-75: Germany – Smart Speaker Volume (Million), 2017 – 2018 Figure-76: Germany – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-77: China – Smart Speaker Volume (Million), 2017 – 2018 Figure-78: China – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-79: Others – Smart Speaker Volume (Million), 2017 – 2018 Figure-80: Others – Forecast for Smart Speaker Volume (Million), 2019 – 2024 Figure-81: Investments by VC firms and Others Figure-82: Amazon – Global Sales (Million US$), 2013 - 2018 Figure-83: Amazon – Forecast for Global Sales (Million US$), 2019 - 2024 Figure-84: Apple – Global Sales (Million US$), 2013 - 2018 Figure-85: Apple – Forecast for Global Sales (Million US$), 2019 - 2024 Figure-86: Google – Global Sales (Million US$), 2014 - 2018 Figure-87: Google – Forecast for Global Sales (Million US$), 2019 - 2024 Figure-88: Microsoft – Global Sales (Million US$), 2014 - 2018 Figure-89: Microsoft – Forecast for Global Sales (Million US$), 2019 - 2024 Figure-90: Xiaomi – Global Sales (Million US$), 2015 - 2018 Figure-91: Xiaomi – Forecast for Global Sales (Million US$), 2019 - 2024
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Published By: Renub Research
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