Smart Speaker Market: USD 34.24 billion in 2028 | CAGR of 21.0% – GlobeNewswire

Pune, India, May 25, 2022 (GLOBE NEWSWIRE) — The global Smart Speaker Market size reached USD 7.82 billion in 2020. The market valuation is set to increase from USD 9.04 billion in 2021 to USD 34.24 billion in 2028 at a CAGR of 21.0% during the forecast period. The product adoption will soar in the forthcoming years led by the proliferation of smart home devices. Consumer demand for latest AI-powered tech to control smart home devices will be a key trend in the market. Fortune Business Insights presents this information in its report titled “Smart Speaker Market Forecast, 2021-2028.”

Key Industry Development:

September 2020 – Xiaomi introduced its first smart speaker with Google Assistant in the Indian market. The technology can converse in English and Hindi.

                      

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Report Scope & Segmentation

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Source: https://www.globenewswire.com/news-release/2022/05/25/2450302/0/en/Smart-Speaker-Market-USD-34-24-billion-in-2028-CAGR-of-21-0.html

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Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 21.0%
2028 Value Projection USD 34.24 Billion
Base Year 2020
Smart Speaker Market Size in 2020 USD 7.82 Billion
Historical Data for 2017 to 2019
No. of Pages 160
Segments covered Type, Application and Geography
Smart Speaker Market Growth Drivers