Global Smart Speaker Market was valued at USD 6.9 billion in 2019 which is expected to reach USD 17.2 billion by 2027 at a CAGR 17.2%.

Smart Speaker is a type of wireless speaker which enabled by Wi-Fi, Bluetooth, and other wireless protocols and powered by assistance. These speakers are based on artificial intelligence technology. This is recent technological innovation, which activated by voice command of user to perform various tasks like listening music, online shopping, and ordering food.

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Market Drivers
Increase in adoption of smart home technology is the key driving factors which are expected to boost the global smart speaker market growth. Furthermore, rise in popularity of smart speakers among customers will have positive impact on market growth. Moreover, continuous advancements in microphones, automated speech recognition, technology and natural language processing will help the speaker to identify the voice command of user will fuel the market growth. In addition to that, increase in consumer readiness to invest on latest technologies and rise in usage of smart devices which is expected to propel the global smart speaker market growth.

Market Restraints
However, Issues related range, compatibility, and power are the major restraining factors which are expected to hamper the global smart speaker market growth.

Market Key Players
Various key players are discussed in this report such as AMAZON, Alphabet, Alibaba, Apple, XIAOMI, Harman International, SONOS, BOSE, Lenovo, and Baidu.

Market Taxonomy
By Intelligence Virtual Assistance
• Google Assistance
• Amazon Alexa
• Siri
• Cortana
• Others
By End User
• Personal
• Commercial
By Distribution Channel
• Online
• Offline
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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