Global Smart Speaker Market

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Global Smart Speaker Market Research
Global Smart Speaker Market, Size, Share, Market
Intelligence, Company Profiles, Market Trends,
Strategy, Analysis, Forecast 2018-2023
https//www.omrglobal.com/industry-reports/smart-s
peaker-market/
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GLOBAL SMART SPEAKER MARKET INSIGHTS
Smart Speaker Market is a wireless audio playback
device. It uses different types of connectivity
for additional functions. It has special features
to improve ease of use, and connect to multiple
types of audio sources and provide additional
functionality. The main aim of smart speakers
is to deliver wireless audio content from a
users media library. The media library may be
on different platforms, or online music
services. The global smart speaker market is
expected to grow at a significant growth rate of
19 during 2018-2023. The major factors that are
augmenting the market are increasing trend of
wireless connectivity and devices, and rising
IoT demand. Companies such as Google, Amazon,
Apple, and Baidu have introduced wide range of
products, providing different choices to the end
user. The companies are investing huge amount and
launching numerous products to become leader in
smart speaker market.
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SMART SPEAKER MARKET INSIGHTS
Besides big players, the start-ups are also
generating funding from various sources in smart
speaker market. For instance, in Dec, 2017,
Mobvoi Inc. has launched TicHome Mini. It is a
voice- activated digital assistant, which can
respond to voice commands, such as streaming
music and newscasts. The company is backed by
Google Inc.Other factors that are augmenting the
market are rising adoption of smart homes and
increasing disposable income of people all
across the globe. In addition, technological
advancement and new product development by major
players and emerging economies are further
expected to drive the growth of the market. The
major factors that can hinder the growth of
market is the security risk and risk of data
theft. In the world of internet, privacy is
always a major threat to the customers. The
global smart speaker market is segmented on the
basis of product, technology and application. By
product, the market is segmented into single room
speaker and multi room speaker.
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GLOBAL SMART SPEAKER MARKET INSIGHTS
The multi room speaker is expected to show
significant growth rate due to increasing
commercial use of smart speakers. By technology,
the market is segmented into Bluetooth, Wi-Fi,
and other segment. Wi-Fi is expected to show
highest growth rate due to increasing use of
internet, introduction of 4G LTE technology in
the various region, and increasing internet based
music application. By application, the market is
segmented into commercial and domestic. During
the forecast period, it is expected that the
domestic segment will show considerable growth
rate due to high acceptance of wireless speakers
and increasing disposable income among the
people. Geographically, the market is divided
into North America, Europe, Asia Pacific and Rest
of the World. North America region is growing
significantly and is estimated to dominate the
overall global smart speaker market.
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GLOBAL SMART SPEAKER MARKET INSIGHTS
The major contributors for the growth of North
America include huge investment by private
companies, presence of major market players such
as Apple, Amazon, Microsoft and high adoption of
the smart speaker in the region. Europe is also
expected to show a significant growth rate. Most
of the major market players are active in the
region. The key players in the smart speaker
market include Google Inc, LG Corporation,
Qualcomm Technologies, Inc., Sony Corporation,
Baidu, Inc., Amazon.com, Inc. The companies are
adopting partnership, RDs, MAs, and product
launches as their key strategies to sustain in
the market. Amazon and Google are the major
market players in the US market. For instance,
in Nov, 2017 Roku Inc., acquires Multi- Room
Audio Startup for 3.5 Million.
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SMART SPEAKER MARKET INSIGHTS

• Market Segmentation
• Global Smart Speaker Market is segmented on the
  basis of technology, application, component and
  regional outlook.
• Global Smart Speaker Market Research and
  Analysis, By Technology
• Global Smart Speaker Market Research and
  Analysis, By Application
• Global Smart Speaker Market Research and
  Analysis, By Component
• Global Smart Speaker Market Research and
  Analysis, By Region

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SMART SPEAKER MARKET INSIGHTS

• THE REPORT COVERS
• Comprehensive research methodology of Global
  Smart Speaker Market.
• This report also includes detailed and extensive
  market overview with key analyst
  insights.
• Exhaustive analysis of macro and micro factors
  influencing the market guided by key
  recommendations.
• Analysis of regional regulations and other
  government policies impacting the Smart
  Speaker Market.
• Insights about market determinants which are
  stimulating the Smart Speaker Market.
• Detailed and extensive market segments with
  regional distribution of forecasted revenues.
• Extensive profiles and recent developments of
  market players.

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TABLE OF CONTENT
1. REPORT SUMMARY 1.1. RESEARCH METHODS AND
TOOLS 1.2. MARKET BREAKDOWN 1.2.1. BY
SEGMENTS 1.2.2. BY GEOGRAPHY 1.2.3. BY
STAKEHOLDERS 1.2.4. EXCEPTIONS 2. MARKET
OVERVIEW AND INSIGHTS 2.1. DEFINITION 2.2.
ANALYST INSIGHTS CURRENT MARKET TRENDS 2.2.1.
KEY FINDINGS 2.2.2. RECOMMENDATION 2.2.3.
CONCLUSION
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TABLE OF CONTENT
2.3. REGULATION 2.3.1.1. UNITED STATES
2.3.1.2. EUROPEAN UNION 2.3.1.3. CHINA 2.3.1.4.
INDIA 3. MARKET DETERMINANT 3.1. MOTIVATORS
3.1.1. INCREASING TREND OF WIRELESS CONNECTIVITY
AND DEVICES 3.1.2. GROWING ADOPTION OF IOT IN
SMART SPEAKER 3.1.3. RISING ADOPTION OF SMART
HOMES 3.1.4. INCREASING WIRELESS STREAMING OF
AUDIO CONTENT 3.1.5. INCREASING DISPOSABLE
INCOME IN DEVELOPING COUNTRIES 3.2. RESTRAINT
3.2.1. SECURITY RISK 3.2.2. HIGH COST
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TABLE OF CONTENT
3.3. OPPORTUNITY 3.3.1. TECHNOLOGICAL
ADVANCEMENT 3.3.2. EMERGING ECONOMIES 4. MARKET
SEGMENTATION 4.1. SMART SPEAKER, BY PRODUCT
4.1.1. SINGLE ROOM SPEAKERS 4.1.2. MULTI ROOM
SPEAKERS 4.2. SMART SPEAKER, BY TECHNOLOGY
4.2.1. BLUETOOTH 4.2.2. WI-FI 4.2.3. OTHER
DLNA, AIRPLAY, NEAR FIELD COMMUNICATION (NFC)
4.3. SMART SPEAKER, BY APPLICATION 4.3.1.
COMMERCIAL 4.3.2. DOMESTIC
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TABLE OF CONTENT
5. COMPETITIVE LANDSCAPE 5.1. KEY STRATEGIES
5.2. KEY COMPANY ANALYSIS
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peaker-market/