Global Intelligent Speakers Market growing at a CAGR of ~29% through 2019Posted by Persistence Market Research on October 31st, 2019 The intelligent speakers market is expected to grow ~29% annually through 2029. Apart from just producing audio output, intelligent speaker includes advanced features such as voice assistant, and allows users to make to-do list, set alarms, and gain access to real time information. PMR reports that the global intelligent speakers market generated a revenue of ~US$ 8,355 Mn in 2018. Rapid advances in disruptive technologies such as IoT and Artificial Intelligence have been impacting the growth of the intelligent speakers market. Incessant rise in demand for smart home devices has led to an increase in the adoption of multifunctional devices, and the result is likely to lead to surge in sales of intelligent speakers. Key Takeaways from the Intelligent Speakers Market Study
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“As the quest of ‘convenience’ intensifies, today’s consumers are continuously leveraging smart devices that use several types of connectivity to perform a wide range of functions. The demand for intelligent speakers will continue to be quite strong going forward, on the account of deploying voice-activated digital assistant that can operate every home automation hub,” says the PMR analyst. Ever-increasing Demand for Smart Devices Promoting the Market Growth Several devices can be operated by intelligent speakers including TV, air conditioners, and refrigerators, and other accessories. Increasing penetration of smartphones, has led to surge in the demand for supportive accessories, ultimately resulting in increasing sales of intelligent speakers. Given consideration to evolving demand and significant advances in wireless technologies, manufacturers are specifically focusing on increasing the production of portable intelligent speakers. For instance, in September 2018, Amazon introduced new Alexa features which include a number of entertainment features such as TIDAL, Amazon music new release notification, and right-left stereo pairing. Find More Valuable Insights on Intelligent Speakers Market PMR, in its new study, provides historical growth analysis of the intelligent speakers market (2014-2018) along with forecast statistics in terms of both value and volume for the period (2019-2029). PMR studies the intelligent speakers market on the basis of devices (Alexa, Google Assistant, Siri, and others), distribution channel (organized retail, unorganized retail, and online/e-commerce), and application (residential and commercial) across the globe. Request Methodology of this report @ https://www.persistencemarketresearch.com/methodology/30759 To gain deeper understanding of key trends impacting the intelligent speakers market, consult an expert analyst. About the Electronics and Smart Devices Division at Persistence Market Research Expert analysis, actionable insights, and strategic recommendations – the Electronics and Smart Devices team at Persistence Market Research helps clients worldwide with their unique business intelligence needs. With a repository of over 500 reports on conventional as well as latest electronics and smart device, the team has consistently tracked and analyzed the evolving dynamics of consumers’ demand and technologies. Get in touch to explore how we can help. Like it? Share it!More by this author |