According to Stratistics MRC, the Global Smart Speaker Market is accounted for $8.18 billion in 2021 and is expected to reach $25.31 billion by 2028 growing at a CAGR of 17.5% during the forecast period. Smart speaker is a wireless device enabled by Wi-Fi, Bluetooth, or other wireless protocols and powered by virtual assistant, which is driven by artificial intelligence. It is the latest technological innovation dominating the consumer technology market and is activated by a voice command to perform different tasks such as listening to music, ordering food, and online shopping. It also performs other activities, such as obtaining weather information, latest news, listing day to day activities, and integrating with the smart home appliances. These multiple features provide an edge to smart speaker market over other substitute technological products and services.

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Asia Pacific is projected to have the highest CAGR over the forecast period. The market growth in Asia Pacific is led by Japan, South Korea, China, and India. Also, key players, including Xiaomi, Alibaba, and Baidu are among leading enterprises focusing on domestic consumers. China is among the largest markets in voice enabled smart home services and products. Several other companies like Panasonic Corporation and Samsung Electronics are also expanding their offering in Asia Pacific region thus the smart speaker market in this region is also elevating. Further, according to the China Electronics Standardization Institute (CESI), the smart homes market in China is growing with the growth rate of 20–30% each year.

Some of the key players profiled in the Smart Speaker Market include Amazon, Apple, Baidu, Bose, Facebook, Harman International, Lenovo, LG Electronics, Panasonic, Samsung, Sonos, Sony, and Xiaomi.

Connectivities Covered:
• Bluetooth Connectivity
• Near Field Communication
• Wi-Fi Connectivity

Intelligent Virtual Assistants Covered:
• AliGenie
• Amazon Alexa
• Bixby
• Cortana
• DuerOS
• Google Assistant
• Kakao
• Naver Clova
• Siri
• Xiaomi Al Assistant
• Xiaowei

Product Types Covered:
• Virtual Assistants
• Wireless Speakers

Types Covered:
• Single Room
• Double-Room
• Multi-Room

Prices Covered:
• Low (Less Than 100)
• Mid ($101 to $200)
• Premium (Above $200)

Components Covered:
• Hardware
• Software

Distribution Channels Covered:
• Offline
• Online

Applications Covered:
• Automotive
• Commercial
• Consumer/Personal
• Professional
• Smart Home
• Smart Office

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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