The smart speaker is the newest hi-tech innovation in the field of audio systems, which has changed the way people use speakers. The smart speaker is a wireless speaker powered by artificial intelligence virtual assistant and is facilitated by Bluetooth, Wi-Fi or other wireless features. The smart speaker is the leading segment of today’s audio systems as it performs different tasks including news reading, weather update, listening music, placing an order to a website, scheduling reminders, integrating smart home devices and so on, just on voice command. These smart features of a smart speaker offer an edge to dominate consumer technology market over other substitute products and services. Global Smart Speaker Market is expected to be more than USD 18 Billion by the end of the year 2024.
The smart speaker is key assimilation of improved microphones, automated speech recognition software and natural language processing (NLP), which help the smart speaker to identify and process the voice command of the user with absolute precision. Growing smart home devices demand, penetration of artificial intelligence and consumer demand for easy, portable, convenient and smart devices are some of the major factors, which are driving the growth of smart speakers market globally. Besides, collaborations and partnerships among the smart homemakers and manufacturers of smart speakers further expected to boost the smart speakers market over the upcoming years. In contrary, the potential exploitation of consumers’ data privacy by the manufacturers of smart speakers and the threat of illegitimate cyber-attacks are among the major issues that would hinder the growth of smart speakers market as smart speakers offer personalized service to their users by collecting and analyzing user’s data.
This report titled “Smart Speaker Market & Volume By Platform (Amazon Alexa, Google Assistant, Apple Siri, Others), Countries (United States, United Kingdom, Germany, China, Others), Regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa), Companies (Amazon, Apple, Google, Microsoft, Xiaomi)” provides a complete analysis of global smart speaker market.
Amazon Alexa holds the majority of Market in the Global Smart Speaker Segment
On the basis of platform, global smart speaker market is further segmented into Amazon Alexa, Google Assistant, Apple Siri, Others. Amazon Alexa holds the majority of market share in the global smart speaker market.
North America is dominating Smart Speaker Market Globally
In this report, we have done a comprehensive analysis of smart speaker volume and market by regions. The covered regions are; North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa. The demand for smart speaker in North America is quite huge and its sales are growing at a rapid pace.
The United States is the leading Country in Smart Speaker Market
Smart speaker market is growing across all parts of the world. Market growth rates vary in the countries covered in the report United States, United Kingdom, Germany, China, Others. The United States is the leading country in smart speaker market globally.
Companies Analysis
Amazon, Apple, Google, Microsoft, Xiaomi are some of the top companies that are working in the smart speaker market. All the companies have been studied from the following points.
- Overview
- Initiatives & Recent Developments
- Sales
Segments - Global Smart Speaker Market & Volume
- Smart Speaker Volume
- Smart Speaker Market
Platforms - Global Smart Speaker Market & Volume
- Amazon Alexa
- Google Assistant
- Apple Siri
- Others
Countries - Global Smart Speaker Market & Volume
- United States
- United Kingdom
- Germany
- China
- Others
Regions - Global Smart Speaker Market & Volume
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific
- Middle East & Africa
Companies Covered
- Amazon
- Apple
- Google
- Microsoft
- Xiaomi
Table of Contents
1. Introduction
2. Research & Methodology
3. Growth Driver - Smart Speaker
3.1 Growing Market of Smart Homes
3.2 Growing GDP per Capita
3.3 Rising Internet Penetration across the Globe
4. Challenges– Smart Speaker
4.1 Issues related to Compatibility and Power
4.2 Privacy and Security Concern
4.3 Localization of Languages
4.4 High Cost of the Devices
5. Opportunities - Smart Speaker
5.1 Increasing Focus of Companies on Enhancing Customer Experience
5.2 Establishment of 5G Infrastructure
5.3 Advancement of Natural Language Processing (NLP)
6. Comparison of Products - Smart Speaker
7. Smart Speaker Volume & Market Analysis
7.1 Smart Speaker Market
7.2 Smart Speaker Volume
8. Market Share - Smart Speaker Analysis
8.1 By Platform
8.2 By Country
8.3 By Regions
9. Volume Share - Smart Speaker Analysis
9.1 By Platform
9.2 By Country
9.3 By Regions
10. Platform - Smart Speaker Market
10.1 Amazon Alexa
10.2 Google Assistant
10.3 Apple Siri
10.4 Others
11. Platform - Smart Speaker Volume
11.1 Amazon Alexa
11.2 Google Assistant
11.3 Apple Siri
11.4 Others
12. Regions - Smart Speaker Market
12.1 North America
12.2 Latin America
12.3 Eastern Europe
12.4 Western Europe
12.5 Asia Pacific
12.6 Middle East & Africa
13. Regions - Smart Speaker Volume
13.1 North America
13.2 Latin America
13.3 Eastern Europe
13.4 Western Europe
13.5 Asia Pacific
13.6 Middle East & Africa14. Country - Smart Speaker Market
14.1 United States
14.2 United Kingdom
14.3 Germany
14.4 China
14.5 Others
15. Country - Smart Speaker Volume
15.1 United States
15.2 United Kingdom
15.3 Germany
15.4 China
15.5 Others
16. Investments
17. Companies Covered
17.1 Amazon
17.2 Apple
17.3 Google
17.4 Microsoft
17.5 Xiaomi
List of Figures:
Figure-01: Global - Smart Speaker Market (Million US$), 2018 & 2024
Figure-02: Global - Smart Speaker Volume (Million Unit), 2018 & 2024
Figure-03: Global - Smart Home Market (Billion US$), 2016 - 2024
Figure-04: Comparison of Smart Speakers
Figure-05: Global - Smart Speaker Market (Million US$), 2017 - 2018
Figure-06: Global - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-07: Global - Smart Speaker Volume (Million), 2017 - 2018
Figure-08: Global - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-09: Global - Smart Speaker Market Share by Platform (Percent), 2017 - 2018
Figure-10: Global - Forecast for Smart Speaker Market Share by Platform (Percent), 2019 - 2024
Figure-11: Smart Speaker Market Share by Country (Percent), 2017 - 2018
Figure-12: Forecast for Smart Speaker Market Share by Country (Percent), 2019 - 2024
Figure-13: Smart Speaker Market Share by Regions (Percent), 2017 - 2018
Figure-14: Forecast for Smart Speaker Market Share by Regions (Percent), 2019 - 2024
Figure-15: Global - Smart Speaker Volume Share by Platform (Percent), 2017 - 2018
Figure-16: Global - Forecast for Smart Speaker Volume Share by Platform (Percent), 2019 - 2024
Figure-17: Smart Speaker Volume Share by Country (Percent), 2017 - 2018
Figure-18: Forecast for Smart Speaker Volume Share by Country (Percent), 2019 - 2024
Figure-19: Smart Speaker Volume Share by Regions (Percent), 2017 - 2018
Figure-20: Forecast for Smart Speaker Volume Share by Regions (Percent), 2019 - 2024
Figure-21: Amazon Alexa - Smart Speaker Market (Million US$), 2017 - 2018
Figure-22: Amazon Alexa - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-23: Google Assistant - Smart Speaker Market (Million US$), 2017 - 2018
Figure-24: Google Assistant - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-25: Apple Siri - Smart Speaker Market (Million US$), 2017 - 2018
Figure-26: Apple Siri - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-27: Other Platform - Smart Speaker Market (Million US$), 2017 - 2018
Figure-28: Other Platform - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-29: Amazon Alexa - Smart Speaker Volume (Million), 2017 - 2018
Figure-30: Amazon Alexa - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-31: Google Assistant - Smart Speaker Volume (Million), 2017 - 2018
Figure-32: Google Assistant - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-33: Apple Siri - Smart Speaker Volume (Million), 2017 - 2018
Figure-34: Apple Siri - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-35: Other Platform - Smart Speaker Volume (Million), 2017 - 2018
Figure-36: Other Platform - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-37: North America - Smart Speaker Market (Million US$), 2017 - 2018
Figure-38: North America - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-39: Latin America - Smart Speaker Market (Million US$), 2017 - 2018
Figure-40: Latin America - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-41: Eastern Europe - Smart Speaker Market (Million US$), 2017 - 2018
Figure-42: Eastern Europe - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-43: Western Europe - Smart Speaker Market (Million US$), 2017 - 2018
Figure-44: Western Europe - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-45: Asia Pacific - Smart Speaker Market (Million US$), 2017 - 2018
Figure-46: Asia Pacific - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-47: Middle East & Africa - Smart Speaker Market (Million US$), 2017 - 2018
Figure-48: Middle East & Africa - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-49: North America - Smart Speaker Volume (Million), 2017 - 2018
Figure-50: North America - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-51: Latin America - Smart Speaker Volume (Million), 2017 - 2018
Figure-52: Latin America - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-53: Eastern Europe - Smart Speaker Volume (Million), 2017 - 2018
Figure-54: Eastern Europe - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-55: Western Europe - Smart Speaker Volume (Million), 2017 - 2018
Figure-56: Western Europe - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-57: Asia Pacific - Smart Speaker Volume (Million), 2017 - 2018
Figure-58: Asia Pacific - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-59: Middle East & Africa - Smart Speaker Volume (Million), 2017 - 2018
Figure-60: Middle East & Africa - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-61: United States - Smart Speaker Market (Million US$), 2017 - 2018
Figure-62: United States - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-63: United Kingdom - Smart Speaker Market (Million US$), 2017 - 2018
Figure-64: United Kingdom - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-65: Germany - Smart Speaker Market (Million US$), 2017 - 2018
Figure-66: Germany - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-67: China - Smart Speaker Market (Million US$), 2017 - 2018
Figure-68: China - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-69: Others - Smart Speaker Market (Million US$), 2017 - 2018
Figure-70: Others - Forecast for Smart Speaker Market (Million US$), 2019 - 2024
Figure-71: United States - Smart Speaker Volume (Million), 2017 - 2018
Figure-72: United States - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-73: United Kingdom - Smart Speaker Volume (Million), 2017 - 2018
Figure-74: United Kingdom - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-75: Germany - Smart Speaker Volume (Million), 2017 - 2018
Figure-76: Germany - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-77: China - Smart Speaker Volume (Million), 2017 - 2018
Figure-78: China - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-79: Others - Smart Speaker Volume (Million), 2017 - 2018
Figure-80: Others - Forecast for Smart Speaker Volume (Million), 2019 - 2024
Figure-81: Investments by VC firms and Others
Figure-82: Amazon - Global Sales (Million US$), 2013 - 2018
Figure-83: Amazon - Forecast for Global Sales (Million US$), 2019 - 2024
Figure-84: Apple - Global Sales (Million US$), 2013 - 2018
Figure-85: Apple - Forecast for Global Sales (Million US$), 2019 - 2024
Figure-86: Google - Global Sales (Million US$), 2014 - 2018
Figure-87: Google - Forecast for Global Sales (Million US$), 2019 - 2024
Figure-88: Microsoft - Global Sales (Million US$), 2014 - 2018
Figure-89: Microsoft - Forecast for Global Sales (Million US$), 2019 - 2024
Figure-90: Xiaomi - Global Sales (Million US$), 2015 - 2018
Figure-91: Xiaomi - Forecast for Global Sales (Million US$), 2019 - 2024
Companies Mentioned
- Amazon
- Apple
- Google
- Microsoft
- Xiaomi
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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