The Global Smart Speakers Market Report by The Business Research Company covers smart speakers market drivers and restraints, smart speakers market size, major players, and the impact of COVID-19 on the smart speakers market.

The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing, producing artificial intelligence assisted speakers which are activated with one ‘hot word’ using voice recognition systems to perform wide range of wireless activities.

With increasing consumer preference for technologically advanced products there is a rise in penetration of smartphones and smart devices. The enhanced personal use of smart devices points at integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs.

The global smart speakers market is expected grow from $4.66 billion in 2020 to $6.98 billion in 2021 at a compound annual growth rate (CAGR) of 49.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart speakers market is expected to reach $17.85 billion in 2025 at a CAGR of 26%.

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Some smart speakers market trends include virtual assistant devices powered by artificial intelligence which offer ultimate luxury to the owner. They keep on listening to the command, analyze the needs and performs the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high quality virtual surround sound and exhibits features like setting timer, managing calendar events and more. Google Assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account.

Global smart speakers market segments include:

1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Others.

2) By Application: Smart Home, Smart Office, Consumer, Others.

3) By End User: Personal, Commercial.

4) By Distribution Channel: Online, Offline.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Smart Speakers Global Market Report 2021: COVID-19 Growth And Change To 2030 At:

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The Smart Speakers Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides smart speakers market overviews, analyzes and forecasts market size, share, smart speakers market players, smart speakers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The smart speakers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Smart Speakers Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, ONKYO CORPORATION, Panasonic Corporation, Alphabet Inc. (Google Inc.), Baidu Inc., Plantronics Inc. (Altec Lansing/AL Infinity LLC), Pioneer, SK Telecom, Lenovo, Samsung Electronics Co. Ltd., Avnera Corporation, Fabriq, Invoxia, LG Electronics, Libratone, Mobvoi, Mojo, Ultimate Ears.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The smart speakers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The smart speakers Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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