World Smart Voice Assistant Speaker Market to Gain Traction, States Beige Market Intelligence in Its Report Available at MarketPublishers.com28 Jun 2017 • by Natalie Aster
LONDON – Worldwide, the market for smart voice assistant speakers (voice-activated speakers) is projected to record 43.68% and 30.45% CAGRs with respect to unit shipments and revenues, respectively, through to 2022.
The market is being propelled by the surging demand from developed countries, use of voice-controlled assistive technology in household electrical appliances as well as improved online marketing and visibility of these products. Specifically, the online retailing market for voice-activated speakers is well established and is on the rise, with the availability of such online retailers as Amazon, eBay and JD.com, providing products from vendors. A set of the emerging trends in the marketplace are surging popularity of voice-first assistant technology, rising investments in IoT by vendors, and increasing surge towards digital economy in the developing world.
North America, led by the USA and Canada, dominated the worldwide smart voice assistant speaker market as of 2016, in unit shipment and value terms. The region is set to maintain its leadership position through to 2022. Europe is the 2nd largest market, led by Germany and the UK where Amazon introduced to its voice-controlled speaker Echo in autumn 2016. Connected devices are growing in popularity in the regional market, and smart voice assistant speakers are also claiming momentum. Europe is set to capture a double-digit market share by shipment and revenue in 2022.
Mycroft, Beijing LingLong, Fabriq, Invoxia, Lenovo, Mattel, HARMAN, Jam Audio, NVIDIA, Sony, are the leading players in the marketplace. Other prominent vendors comprise Swan Solutions, Silk Labs, Cubic Robotics, Protonet, SPACO, and Interactive Voice.
Topical research report “Global Smart Voice Assistant Speaker Market - Strategic Assessment and Forecast 2017-2022” elaborated by Beige Market Intelligence elaborated by Beige Market Intelligence examines the current scenario of the world market and speculates on its development to 2022. The report offers an insightful analysis of the key market segments by distribution channel, geographic region, and vendors; provides a detailed assessment of the revenue and shipments for the segments discussed. The research study offers a detailed assessment of emerging trends, forces stimulating growth, and anticipated challenges to the market growth. Porter’s five forces analysis is included, too. The report offers granular profiles of the prominent market players, canvasses the entire competitive scene and offers an analysis of the market shares of the dominant players. Furthermore, the report provides the outlook for the entire market and each of its segments.
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