Intelligent Speakers Market Reveal Positive Outlook Through 2029

A detailed analysis on ‘Intelligent Speakers Market’, by Persistence Market Research, offers in-depth insights on current trends influencing the market growth. Key information regarding market size, market share, statistics, application, and revenue are compiled in the research study to bring key insights and forecasts to the fore. In addition, this research offers a detailed competitive analysis with information on the differential product and business strategies of key players in the Intelligent Speakers Market.

The intelligent speakers market is expected to grow ~29% annually through 2029. Apart from just producing audio output, intelligent speaker includes advanced features such as voice assistant, and allows users to make to-do list, set alarms, and gain access to real time information.

PMR reports that the global intelligent speakers market generated a revenue of ~US$ 8,355 Mn in 2018. Rapid advances in disruptive technologies such as IoT and Artificial Intelligence have been impacting the growth of the intelligent speakers market. Incessant rise in demand for smart home devices has led to an increase in the adoption of multifunctional devices, and the result is likely to lead to surge in sales of intelligent speakers.

Intelligent Speakers Market: Research Methodology

A unique and promising research methodology forms the base of the intelligent speakers market during the forecast period. The report has been prepared after a comprehensive analysis of the market happenings and then riveting insights have been compiled meticulously.

The research methodology of the Intelligent Speakers market has been a two-step process that comprises of primary and secondary research. Key stakeholders, which include digital signature manufacturers, suppliers, and distributors, have been interviewed and experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals.

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Key Takeaways from the Intelligent Speakers Market Study

Rapid penetration of digital technologies and smart devices in both residential and commercial areas has been weighing on a same scale as the rising demand for intelligent speakers.

With the advancements of technologies, the quest of assistant which listens to consumers’ calls, anticipates their needs, and takes action when necessary has been on the rise, thereby potentially raising the demand for intelligent speakers.
PMR reports that demand for Alexa will increase with striking CAGR of ~33% through 2029.
While North America continues to offer greater opportunities for the intelligent speaker manufacturers, growth prospects of the market will increase in APEJ, in the view of macro factors such as urbanization and increased disposable income.

Key Players

• Amazon.com

• Apple

• Riva Concert

• JBL

• Alphabet (Google)

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