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Impact of Smart Tech in the Sound Reinforcement Industry - AriztonCHICAGO, Sept. 20, 2021 /PRNewswire/ -- The music industry is ever-growing due to the increasing reach of various streaming services such as Apple Music, Pandora, and Spotify, among others. The music industry is witnessing a trend where consumers are shifting from physical media to streaming and digital media. Bluetooth speakers are one of the most used audio devices for streaming music worldwide. With the introduction of music streaming services, the demand for Bluetooth speakers is expected to witness a significant rise in demand during the forecast period. Arizton has a dedicated product vertical that focuses on the smart tech across geographies. These market research reports cover detailed analysis of the COVID-19-induced supply chain disruptions, innovations in technology, equipment financing, economic impact, and detailed study of the competitive landscape. Arizton's approach includes the key highlights of the market such as trends and driver analysis, market share analysis, growth opportunities, and the impact of government initiatives in the smart tech. 1. Wireless Speaker Market - Global Outlook and Forecast 2021-2026 The global wireless speaker market is expected to reach USD 63.38 billion by 2026. The future of the global wireless speaker market is promising, as end-users are becoming aware of the product concepts and vendors are introducing new models as per the consumer's lifestyle and choices. For instance, Bose Corporation offers Bluetooth devices under the brand SoundLink. The innovative outlook of the company will help it to maintain its topmost position in the Bluetooth speaker market. HARMAN International (JBL) offers a wide variety of wireless Bluetooth speakers targeted at portability and wireless home audio. Key Highlights:
Get more insights on the recent trends now! https://www.arizton.com/market-reports/wireless-speaker-market-analysis-2023 2. Sound Reinforcement Market - Global Outlook and Forecast 2021-2026 The global sound reinforcement market size to reach USD 10 billion in 2026, growing at a CAGR of 3.5% during the forecast period. The demand for sound reinforcement equipment was majorly concentrated in developed countries such as the US, Japan, the UK, Germany, and France. Vendors in the sound reinforcement market are using new business models and focusing on developing their portfolio to drive growth. The adoption rate of pro AV solutions including sound reinforcement systems among end-users worldwide has been impressive. In 2020, North America was the largest market for sound reinforcement products. In North America the demand for sound reinforcement systems among commercial end-users will further drive the market growth of sound reinforcement equipment and solutions. Key Highlights:
Get more insights on the recent trends now! https://www.arizton.com/market-reports/sound-reinforcement-market-size-growth-2024 3. Bluetooth Speaker Market - Global Outlook and Forecast 2020-2025 The global Bluetooth speaker market will grow at a CAGR of 11.37% during the period 2021-2026. With the increase in music streaming services in the market, Bluetooth speakers are witnessing high demand. In Europe, the presence of major Bluetooth speaker manufacturers such as Bose, Apple, Samsung, and Sony have strong market presence. The latest Bluetooth technology platform solutions can easily and flexibly integrate into all tiers and types of products to be used outside or indoors, thereby, delivering excellent audio quality in comparison to the Bluetooth wireless connection. With the increase in technological innovations, the battery life of these products is also experiencing advancements, with a rapid increase in the run-time for these innovations. Key Highlights:
Get more insights on the recent trends now! https://www.arizton.com/market-reports/bluetooth-speaker-market-analysis-report-2025 Read some of the top-selling reports:
About Arizton: Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. About Us: Mail: [email protected] View original content:https://www.prnewswire.com/news-releases/impact-of-smart-tech-in-the-sound-reinforcement-industry---arizton-301380660.html SOURCE Arizton Advisory & Intelligence |