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Smart speakers market is projected to grow at a CAGR of 8.24% during the forecast period, reaching a total market size of US$5.922 billion in 2024 from US$3.683 billion in 2018. Rising demand of smart home and changing urban lifestyle like social gathering, event management are major growth factors of smart speakrs market.
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Smart Speakers Market Forecast From 2020 to 2025
DESCRIPTION Smart speakers market is projected to grow at a CAGR of 8.24% during the forecast period, reaching a total market size of US$5.922 billion in 2024 from US$3.683 billion in 2018. Smart speakers are wireless, voice-enabled devices with built-in virtual assistants that are capable of streaming audio content, relaying information, and communicating with other devices.
Key Questions Answered By The Report • What will be theSmart Speakers Market from 2020 to 2025? • How are the major drivers and restraints affecting the Smart Speakers Market. • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Smart Speakers Market are : • Segmentation: • By Component • Hardware • Software
Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others
Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others
COMPANY PROFILES Amazon Google Baidu Xiaomi Sony Bose Sonos Apple Panasonic Alibaba
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