Smart Speaker Market Growth Analysis Report, Industry Analysis, Share, Trends, Applications, Types and Forecasts 2028

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The global smart speaker market size is expected to reach USD 23.93 billion in 2028 at a CAGR of 16.9% during the forecast period, according to the latest report by Emergen Research.

The global smart speaker market size is expected to reach USD 23.93 billion in 2028 at a CAGR of 16.9% during the forecast period, according to the latest report by Emergen Research. Increasing demand for smart appliances and devices due to growing trend of smart homes, rising preference for connected devices, and availability of technologically advanced smart devices are key factors expected to drive market revenue growth over the forecast period. In addition, introduction and launch of smart speakers with advanced features, support for popular voice assistants, and reasonable prices are some other key factors expected to further fuel revenue growth of the market going ahead.

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Some Key Highlights in the Report:

  • Hardware segment revenue is expected to expand at a robust revenue CAGR over the forecast period owing to increasing advancement in hardware of smart speaker and integration of advanced sensors for enhanced and accurate voice recognition.
  • Smart home segment is expected to account for largest revenue share in the global market during the forecast period owing to increasing integration of smart speakers in smart home devices such as lights, thermostats, and televisions, and other devices.

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For the purpose of this report, Emergen Research has segmented the global smart speaker market on the basis of component, application, intelligent virtual assistant, end-use, and region:

  • Component Outlook (Revenue, USD Billion; 2018-2028)
    • Hardware
    • Software
  • Application Outlook (Revenue, USD Billion; 2018-2028)
    • Smart Office
    • Smart Home
    • Others
  • Intelligent virtual assistant Outlook (Revenue, USD Billion; 2018-2028)
    • Google Assistant
    • Alexa
    • Siri
    • Cortana
    • Others
  • End-use Outlook (Revenue, USD Billion; 2018-2028)
    • Commercial
    • Personal
  • Regional Outlook (Revenue, USD Billion; 2018-2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. U.A.E.
      3. South Africa
      4. Rest of MEA