Worldwide Smart Speaker Market Study to 2025 - Impact of COVID-19 on the Industry
DUBLIN, July 3, 2020 /PRNewswire/ -- The "Global Smart Speaker Market by Intelligent Virtual Assistant (Google Assistant, Alexa, Siri, Microsoft Cortana, Clova, Others), by Component (Hardware, Software), by Connectivity, by Application, by Distribution Channel, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Speaker Market is expected to grow at a significant rate during the forecast period owing to the growing demand for luxury entertainment systems. Growing number of smart homes and rising internet penetration is aiding to the growing demand for smart speaker, globally. Further, increasing technological advancement has led to variety of smart speakers available in the market. This has also led to increase in the demand for multifunctional devices and hence smart speakers are getting increasingly popular around the world.
Major companies operating in the Global Smart Speaker Market include Apple, Inc., Amazon, Harman International, Sonos, Alphabet, Bose, Sony, Onkyo, Panasonic, Alibaba, Xiaomi and Lenovo, among others. Leading companies are working on localization of smart speaker to expand their market and increase their revenue share.
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