Smart Speaker Market with COVID-19 Impact Analysis by IVA, Component, Application, and Region - Global Forecast to 2025
The global smart speaker market size is expected to grow from USD 7.1 billion in 2020 to USD 15.6 billion by 2025, at a CAGR of 17.1%.
- The global smart speaker market size is expected to grow from USD 7.1 billion in 2020 to USD 15.6 billion by 2025, at a CAGR of 17.1%.
- The growth of the market can be attributed to the growing demand for smart speaker display, increasing number of smart homes, rising disposable income, and rapid proliferation of multifunctional devices.
- However, high-security risk and availability of substitutes could pose challenges for the smart speaker market growth.
- The DuerOS smart speaker solution is a customized voice solution for audio output devices with or without a screen.