![]() The smart speaker market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Alphabet Inc., Inc., Apple Inc., Bang and Olufsen Group, Belkin International Inc., Bose Corp., Edifier International Ltd., Imagine Marketing Pvt. Some of the key Smart Speaker Market Players: To know about more drivers, trends along with challenges - Download a sample now! Hence, the increasing popularity of voice commerce will be the major trend in the global market during the forecast period. With the help of voice commerce, making purchases is quick and easy.Ĭustomers can use voice commands with Alexa-enabled smart speakers to search for items, place orders, and purchase items from Amazon. ![]() Smart speakers with virtual assistants, such as Google Assistant and Amazon Alexa, can be used to search for and purchase products online with voice commands. It is a new method for ordering and purchasing products online with a smartphone or keyboard and mouse. Voice commerce is becoming increasingly popular all over the world. The smart speaker market's growth is strongly influenced by the rise of voice commerce. Smart Speaker Market: Increasing Popularity of Voice Commerce Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! Global competitiveness and key competitor positions Special coverage on the Russia- Ukraine war global inflation recovery analysis from COVID-19 supply chain disruptions, global trade tensions and risk of recession For more insights on the market share of various regions - Download the sample report ![]() Upgrading regular homes to smart homes is one of the main reasons for the increase in consumer spending on home improvement projects. The average investment in living spaces such as living rooms and dining rooms has increased in recent years in the US. Consumers in the US spend a lot of money on home renovation projects. The US and Canada are among the most important markets for smart speakers in the region. The growing demand for smart speakers in different households is one of the main factors driving the growth of the regional market. Smart speakers are used for many purposes, such as listening to music, finding recipes, online shopping, and making phone calls. North America is estimated to account for 34% of the market's overall growth. 5, 2023 /PRNewswire/ - The smart speaker market size is expected to grow by USD 16.65 billion from 2022 to 2027, progressing at a CAGR of 18.75% as per the latest Technavio market research report.
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