The global CAGR of the smart speaker market is expected to be 24.91% during the forecasted period 2019-2027. Even though it is an emerging market, competition is rising rapidly as companies are coming up with new launches.
The global smart speaker market is segmented by an intelligent virtual assistant, end users and distribution channel. Intelligent virtual assistant is sub-divided into Alexa, google assistant, Siri and Cortana and others. The end-users segment of global smart speakers market includes personal and commercial. Distribution channel segment includes online and offline channels.
The global smart speaker market is geographically segmented as North America, Europe, Asia-pacific and the rest of the world. The regional structure of the smart speaker market is dominated by the North American region by capturing the largest market share in terms of revenue.
Prominent players in the global smart speaker market are Alibaba Group Holding Limited, Alphabet Inc., Amazon.Com Inc., Apple Inc., Bose Corporation, Lg Corporation, Panasonic Corporation, Pioneer Corporation, Plantronics Inc., Samsung Electronics Co. Ltd., Sonos and Xiaomi Corporation.