Smart speaker is the newest hi-tech innovation in the field of audio systems, which has changed the way people use speakers. Smart speaker is a wireless speaker powered by artificial intelligence virtual assistant and is facilitated by Bluetooth, Wi-Fi or other wireless features. 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 year 2024.
Smart speaker is a key assimilation of improved microphones, automated speech recognition software and natural language processing , which help 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.
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Renub Research 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.
Key Topics Covered :
2. Research & Methodology
3. Growth Driver – Smart Speaker
4. Challenges– Smart Speaker
5. Opportunities – Smart Speaker
6. Comparison of Products – Smart Speaker
7. Smart Speaker Volume & Market Analysis
8. Market Share – Smart Speaker Analysis
9. Volume Share – Smart Speaker Analysis
10. Platform – Smart Speaker Market
11. Platform – Smart Speaker Volume
12. Regions – Smart Speaker Market
13. Regions – Smart Speaker Volume
14. Country – Smart Speaker Market
15. Country – Smart Speaker Volume
17. Companies Covered
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