Smart Speaker Market Size in Siri-Enabled Segment is Expected to Grow Rapidly By 2024

The Siri-enabled smart speaker market is anticipated to grow rapidly due to the large popularity of Apple devices among the consumers. Superior sound quality as compared to the other speakers is adding to the increased shipments of these devices. Furthermore, the compatibility of these devices with the iOS is expected to propel the industry growth due to the large-scale adoption of iOS-enabled smartphones.

Rapidly-advancing technology is challenging the older devices and making the old devices obsolete. On the manufacturer’s side, the voice assistants offer a limited range of languages such as English, Japanese, and German. This will hamper the demand for these devices in Europe, Asia Pacific, Latin America, and the MEA, thereby challenging the smart speaker market.

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Smart speaker industry has been the recipient of a plethora of megatrends that are indeed underlining its massive expansion. Pioneered by Amazon, the Echo made its mark as the first product to debut across this business space in 2014, post which the smart speaker industry is witnessing an inflection point with the influx of new players in the business wanting exploiting the future growth prospects. Speaking of which, the last three years have also witnessed the incursion of Chinese competitors in smart speaker market, leading to a massive diversification in the product landscape.

The smart speaker market size, by the end of the next few years is forecast to outpace all records by collecting a revenue of USD 30 billion. Primarily dominated by intelligent virtual assistants such as Siri, Google Assistant, Cortana, Alexa, and many others, this business space stands to gain appreciable proceeds through the efforts of established contenders and new entrants striving to bring innovative products to the fore. Google for instance, recently made it to the headlines for having announced its supposed launch of homegrown smart display later this year.

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The Asia Pacific smart speaker market is expected to gain momentum over the forecast time span owing to the increasing penetration of IoT and connected technology. The region has witnessed an upsurge in the wireless infrastructure developments. By the end of 2016, there were 2.7 billion unique mobile subscribers in the region, accounting for more than half of mobile subscribers, particularly in India and China.

Some Point from Table of Contents:

Chapter 4.   Smart Speaker Market, By IVA (Revenue, Shipments)

4.1.  Key trends in smart speaker market by IVA

4.2.  Alexa

4.2.1. Market estimates and forecast, 2014 – 2024

4.2.2. Market estimates and forecast by region, 2014 – 2024

4.3.  Google assistant

4.3.1. Market estimates and forecast, 2014 – 2024

4.3.2. Market estimates and forecast by region, 2014 – 2024

4.4.  Siri

4.4.1. Market estimates and forecast, 2014 – 2024

4.4.2. Market estimates and forecast by region, 2014 – 2024

4.5.  Cortana

4.5.1. Market estimates and forecast, 2014 – 2024

4.5.2. Market estimates and forecast by region, 2014 – 2024

4.6.  Others

4.6.1. Market estimates and forecast, 2014 – 2024

4.6.2. Market estimates and forecast by region, 2014 – 2024

Chapter 5.   Smart Speaker Market, By Application (Revenue, Shipments)

5.1.  Key trends in smart speaker market by application

5.2.  Personal

5.2.1. Market estimates and forecast, 2014 – 2024

5.2.2. Market estimates and forecast by region, 2014 – 2024

5.3.  Professional

5.3.1. Market estimates and forecast, 2014 – 2024

5.3.2. Market estimates and forecast by region, 2014 – 2024

5.4.  Commercial

5.4.1. Market estimates and forecast, 2014 – 2024

5.4.2. Market estimates and forecast by region, 2014 – 2024

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