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The global smart speakers market was valued at US$ 3.2 Bn in 2018 and is expected to reach US$ 12.53 Bn by the end of the forecast period, growing at a CAGR of 31.4% during the period from 2018 to 2023.
Key Trends observed in the Market: Segment: Overall Market Impact: Positive Trend: Another trend that the market is being increasingly observed in the market is speakers that come with embedded screens. If speakers with embedded screens such as the Amazon Echo Show are received well, it will open up new avenues for the smart speakers industry.
Years Considered During the Study: Historical Year: 2016 and 2017 Base Year: 2018 Forecast Period: 2019 to 2023
The global smart speakers summary report includes the market definitions of all segments and sub-segments covered into the research scope of the study. The Summary report comprises the key market drivers, challenges, and future opportunities impacting the global market trends, along with the quantitative analysis of the global industry.
The Excerpt summary of all the segments at the global level will give you a bird's eye view on market dynamics of each segment and sub-segment at the global level. The Summary report also includes the Smart Speakers ecosystem analysis, which includes the market information of its preceding and dependent industries as per the base year 2018.
The Summary report also includes the competitive benchmarking of key players operating in the market. The major players operating in the global smart meters markets are Apple (US), Amazon (US), Alphabet Inc. (US), HARMAN International (US), Xiaomi Inc. (China), Baidu (China), Bose Corporation (US), Huawei (China), and Sonos, Inc. (US), amongst others.
Key Questions Answered in the Report: • What is the overall size of the smart speakers market at the global level? • How has the market evolved in the past five years? • How is the market expected to shape up in terms of value and volume during the forecast period? • What are the microeconomic and macroeconomic factors impacting the overall growth of the market? • What are the major key factors driving and restraining the market? • What are the possible growth opportunities for the market?
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