Smart Speaker Market — Online Mode of Sale Segment Expected Demands

The global smart speaker market is expected to reach US$ 18,472.1 Mn by 2026. The market is projected to expand at a CAGR of 18.01% during the forecast period from 2018 to 2026. According to the report, the global smart speaker market will continue to be influenced by a range of factors such as increasing number of companies proving highly advanced smart speakers around the globe, rising smart homes trend worldwide, and rising disposable income. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 19% through 2026.

The global smart speaker market is bifurcated by components into hardware and software. Hardware based component segment is expected to surpass US$ 10,343.7 Mn by 2026. Within the hardware segment, smart speaker processor is expected to expand at a significant CAGR of above 18% during the forecast period. Smart speakers are getting more intelligent and rapidly becoming important devices used across homes.


Processors are important as a smart speaker component, as it helps the smart speaker device to handle and perform multiple voice commands and tasks prompted by the user. Furthermore, it also helps in performing multiple tasks to support various functions such as music streaming, making phone calls, and device controlling.

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