Global Smart Speaker Market to 2024 - Technologies, Market Shares and Industry Forecasts - ResearchAndMarkets.com

▤ Summary

Global smart speaker market is expected to rise with a CAGR of 35% during forecast period 2017-2024.The key factors driving the market growth are rising disposable income, growing trend of personalization, increasing number of smart homes and increased adoption of multifunctional devices.However, issues related to connectivity range, compatibility and power is the major factor restricting growth in global smart speaker market.This is due to presence of large number of leading manufacturers of smart speakers such as Amazon, Apple Inc., Harman International, Sonos, etc.According to 2017 data of National Public Radio (NPR), in 2017, approximately 40 million adults in the U.S. have adopted voice activated smart speakers.

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