The next-gen smart speaker refers to voice command wireless device integrated with intelligent virtual assistant technology which uses wireless protocol standards such as Bluetooth, Wi-Fi, and others. As of December 2018, according to NPR and Edison Research, the number of smart speakers in the United States households was 118.5 million and 66.7 million in December 2017. The smartphone market has high growth prospects owing to technological developments in intelligent virtual assistant and AI integrated, smart speakers.This growth is primarily driven by Increasing Demand for Smart Homes and Multifunctional Devices, Development in Human-To-Machine Interaction Technologies and Rising Popularity of Technologically Advanced Products among Millennials.
Globally, a noticeable market trend is evident Emphasizing On AI-Enabled Smart Speakers
. Major Players, such as Amazon (United States), Harman International (United States), Apple (United States), Sonos (United States), Alphabet (United States), Bose (United States), Sony (Japan), Xioami (China), Panasonic (Japan), Pioneer Electronics (Japan), Altec Lansing (United States) and Lenovo (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
13th February 2019, Skill Blueprints program in the Alexa Skills Store providing easy to use templates for Amazon Echo holders to add their personal voice apps to the Alexa Skills Store without complex coding. and 17th October 2018, SK Telecom, a Korean wireless telecommunications operator opens developer platform for AI speaker. This will enable third parties to develop services for AI speakers without the need to know how to coding.
- Increasing Demand for Smart Homes and Multifunctional Devices
- Development in Human-To-Machine Interaction Technologies
- Rising Popularity of Technologically Advanced Products among Millennials
- Emphasizing On AI-Enabled Smart Speakers
- Increasing Application of Bluetooth and Wi-Fi Connectivity Feature in Smart Speakers
- Integration of Next-Gen Smart Speakers with Different Virtual Assistant Technology Enabled Devices
- Risks of Security Breaches and Data Threats Associate to Smart Speakers
Technological Developments in Intelligent Virtual Assistant Technology and Wireless Speaker System, Increasing Demand from Automotive Industry for Smart Speakers and Development in Natural Language Processing (NLP)
Increasing Connectivity Range for Next-Gen Smart Speakers and Inability to Respond to Complicated and Multiple Command Commands at a Time
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Next-Gen Smart Speaker Study Sheds Light on
The Next-Gen Smart Speaker Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Next-Gen Smart Speaker industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Next-Gen Smart Speaker industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.