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Global Smart Speaker Market to Grow at a CAGR of 24% by 2021: Analysis By Application & Distribution Channel - Research and Markets

[August 15, 2017]

Global Smart Speaker Market to Grow at a CAGR of 24% by 2021: Analysis By Application & Distribution Channel - Research and Markets

The "Global Smart Speaker Market 2017-2021" report has been added to Research and Markets' offering.

The global smart speaker market to grow at a CAGR of 24.02% during the period 2017-2021.

The report, Global Smart Speaker Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is development of deep-learning technology. Deep-learning software is an advanced version of AI technology. The software attempts to mimic the activity and functioning of the human neocortex, which is the most active part of the human brain. Also, the deep-learning software is capable of recognizing patterns of images, sound, and other data.

This is ow possible due to advances in mathematical formulas and availability of powerful computers, which enable computer scientists to model several layers of virtual neurons and multiple neural networks. This depth has enabled complex functions such as speed and image recognition and is being exploited by large MNCs like Google to build speech recognition software in its latest Android (News - Alert) mobile software.

Key vendors