The intelligent speaker is a wireless speaker enabled by Wi-Fi, Bluetooth, or other wireless protocols and powered by a virtual assistant, which is driven by artificial intelligence. Intelligent speaker are the latest technological innovation controlling the consumer technology market and are activated by a voice command to achieve different tasks such as ordering food, listening to music, and online shopping. Increasing the focus of companies on enhancing customer experience is anticipated to boost the growth of the intelligent speaker market.
MARKET DYNAMICS
The growing disposable income and an increasing number of smart homes is the primary factor driving the growth of the intelligent speaker market. However, issues related to connectivity range, compatibility, and power is the major factor which may restrain the growth of the intelligent speaker market. Nevertheless, increasing consumer preference for technologically advanced products is anticipated to boost the growth of the intelligent speaker market.
MARKET SCOPE
The "Global Intelligent Speaker Market Analysis to 2028" is a specialized and in-depth study of the intelligent speaker market with a special focus on the global market trend analysis. The report aims to provide an overview of the intelligent speaker market with detailed market segmentation by distribution channel, end user. The global intelligent speaker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading intelligent speaker market players and offers key trends and opportunities in the intelligent speaker market.
MARKET SEGMENTATION
The global intelligent speaker market is segmented on the basis of distribution channel, end-user. On the basis of the distribution channel, the market is segmented as online, offline. On the basis of end-user, the market is segmented as personal, commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global intelligent speaker market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The intelligent speaker market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting intelligent speaker market from both demand and supply-side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the intelligent speaker market in these regions.
MARKET PLAYERS
The reports cover key developments in the intelligent speaker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from intelligent speaker market are anticipated to lucrative growth opportunities in the future with the rising demand for intelligent speaker market. Below mentioned is the list of few companies engaged in the intelligent speaker market.
The report also includes the profiles of key intelligent speaker market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amazon.com, Inc.
- Sonos Inc.
- Altec Lansing
- Apple Inc.
- Bose Corporation
- Harman International
- LG Electronics
- Libratone
- Panasonic
- Xiaomi
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.