Sign Up

Captcha Click on image to update the captcha.

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask a question.

Forgot Password?

Need An Account, Sign Up Here

You must login to add post.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Find Authority

Find Authority Logo Find Authority Logo

Find Authority Navigation

  • Home

Mobile menu

Close
Ask a Question
  • Home
  • Recent Questions
  • Topics
  • Home
Home/Questions/Q 2172
Next
In Process
Anonymous
  • 1
Anonymous
Asked: January 7, 20202020-01-07T20:50:08+00:00 2020-01-07T20:50:08+00:00In: Consumer Products & Retail

What is the global smart speaker market size?

  • 1

A smart speaker is a wireless and smart audio playback device with multifunctional connectivity. Such speakers have different features that maximise the ease of use and attached to multiple audio sources with additional functionality. Some of the smart speakers also have voice-activated digital assistants that can serve as hubs for home automation.

What are opportunities that will drive the growth for smart speakers?

consumer electronicsmarket size
  • 2 2 Answers
  • 0
Share
  • Facebook

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Forgot Password?

    Need An Account, Sign Up Here

    2 Answers

    • Oldest
    1. Smartelctra Level 4
      2020-01-07T21:00:00+00:00Added an answer on January 7, 2020 at

      The global market size of the smart speaker was US$ 1.5 billion in 2018 and is expected to reach US$ 8 billion by 2025.

      Some of the driving factors behind the global smart speaker market growth are the emergence of smart home devices, the rise in demand for multifunctional speakers, the rising income levels, and inclination towards smart gadgets. The increasing demand for multifunctional devices worldwide is expected to drive the smart speakers market further.

      Smart speakers can also act as a hub for connecting to different digital channels, TVs and devices. Smart speakers deliver digital streaming services with voice control features.

      The flipside of the smart speaker market growth faces some significant obstacles. So far, privacy and security are one of the biggest challenges. The general lack of compatibility between smart speaker products and other connected devices is another key issue for the industry. Additionally, the high prices are expected to hinder the market growth of smart speakers.

      The leading suppliers, including Amazon, Google and Apple, have built their products to communicate with other compatible devices and also use proprietary system software.

      • 1
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp
    2. Haseeb Level 6
      2020-01-07T21:00:41+00:00Added an answer on January 7, 2020 at

      Smart speakers companies are increasing the focus on improving customer experience generating enormous market growth opportunities. The rise of smart speakers tends to be correlated with the rising subscribers to services such as Netflix, Amazon Prime and other entertainment platforms.

      Besides, the deployment of the 5G network is expected to boost online streaming, which will create more market growth opportunities for smart speakers.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Advanced Search
    Ask A Question

    Related Questions

    • How big is the global telemedicine market?

    • What is the global market size of wireless charging for ...

    • What are the key drivers in the smartphone market?

    • What is the difference between short and long term ventilator-dependent ...

    • How can automakers produce ventilators?

    Explore

    • Home
    • Recent Questions
    • Topics

    Footer

    Find Authority

    Find Authority

    Find Authority is a professional networking and crowdsourcing platform which helps enhance members credentials and create opportunities.

    About Us

    • About Us
    • Careers
    • Contact Us

    Legal Stuff

    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy

    Supprt

    • Help Centre
    • Badges

    Follow

    © 2020 Find Authority. All Rights Reserved

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.