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Smart Speaker Market: Opportunity Analysis and Industry Forecast upto 2026

The global smart speaker market was valued at US$ 2,384.5 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of 18.00% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR)  titled “Smart Speaker Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.” The report suggests that rising trend of building smart homes globally, increasing efforts to improve consumer experience, along with the growing voice assistant system trend is likely to spur the demand for smart speakers in the coming years (2018 to 2026). As key players introduce their new smart speakers in developed markets such as North America and Europe, these regions are likely to account for a dominating share of the global smart speaker market. Growing demand for smart speakers from emerging markets such as China and India is likely to boost growth of the Asia Pacific smart speaker market at a growth rate ...