According to a recent report published by Allied Market Research, titled, Global Smart Speaker Market by Intelligent Virtual Assistant, End User, Distribution Channel, and Price: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global smart speaker was valued at $4,358 million in 2017, and is projected to reach $23,317 million by 2025, registering a CAGR of 23.4% from 2018 to 2025.
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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The report offers key drivers that propel the growth in the global Smart Speaker Market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
The research offers a detailed segmentation of the global Smart Speaker Market. Key segments analyzed in the research include Intelligent Virtual Assistant, End User and Distribution Channel and geography. Extensive analysis of sales, revenue, growth rate, and market share of eachand region for the historic period and the forecast period is offered with the help of tables.
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The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Smart Speaker Industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Amazon.com, Inc., Apple, Inc., Alibaba Group, Alphabet Inc. (Google Inc.), Sonos, Inc., Bose Corporation, Xiaomi, Samsung Electronics Co. Ltd., Baidu Inc., and Plantronics, Inc. (Altec Lansing/AL Infinity, LLC). These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
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Key Findings of the Smart Speaker Market:
The online segment is estimated to generate the highest revenue in terms of distribution channel for the global smart speaker market in 2017.
In 2017, the personal segment is projected to be the highest revenue contributor in the end-user segment.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
In 2017, North America contributed the highest market revenue, followed by Europe, Asia-Pacific, and LAMEA.
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Key Offerings of the Report:
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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