The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Smart Speakers Global Market Report 2023, the smart speakers market is anticipated to experience substantial growth during the forecast period.

Key insights from the Smart Speakers market forecast include:

The global smart speakers market is projected to witness a steady expansion, with its value increasing from $6.6 billion in 2022 to $7.07 billion in 2023, reflecting a compound annual growth rate (CAGR) of 7.1%. Further, the market is expected to continue its growth trajectory and reach $9.22 billion by 2027, demonstrating a CAGR of 6.9%.

Consumers’ preference for advanced technology has resulted in a higher adoption rate of smartphones and smart devices.

Consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2020 and reached 325 million by forecast.

View More On The Smart Speakers Market Report 2023:

https://www.thebusinessresearchcompany.com/report/smart-speakers-global-market-report

Virtual assistant devices, powered by artificial intelligence, offer seamless convenience. They listen for commands, analyse needs, and perform tasks accordingly. Amazon Echo with Alexa, Siri, and Google Assistant provide hands-free activation and a variety of features for enhanced user experience.

Major players in the smart speakers market are Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, Onkyo Corporation, and Panasonic Corporation.

The global smart speakers market is segmented –

1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Other Intelligent Virtual Assistants

2) By Application: Smart Home, Smart Office, Consumer, Other Applications

3) By End User: Personal, Commercial

4) By Distribution Channel: Online, Offline

Request A Sample Of The Global Smart Speakers Market Report 2023:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3093&type=smp

The smart speakers market research report is one of a series of new reports from The Business Research Company that provides smart speakers market statistics, including smart speakers industry global market size, regional shares, competitors with a smart speakers market share, detailed smart speakers market segments, market trends and opportunities, and any further data you may need to thrive in the smart speaker’s industry

View More Related Reports –

Loudspeakers Global Market Report 2023

Wireless Speakers Global Market Report 2023

Wireless Audio Device Global Market Report 2023

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