Tag Archives: Smart Speakers Market

Smart Speakers Market: Worldwide Industry Analysis and New Market Opportunities Explored

A smart speaker is a wireless playback devices which often features digital voice assistant. It utilizes Bluetooth, Wi-Fi or other means to extend the usage beyond playback. The global smart speakers market has witnessed numerous trends which support its massive expansion. The industry participants are actively seeking to capitalize the growth opportunity in the competitive landscape.

Internet of Things (IoT) is expected to be the major supporting base of the industry. IoT trends particularly in telecommunication and electronic industry have witnessed vibrant advancements over the past few years. The smart speaker market has established its presence across developing geographies owing to the potential contribution of internet in the smart evolution era. Increasing demand for wireless connectivity and rising production of consumer electronics are the two major factors supporting the smart speakers market.