Smart Speakers Market Trends, Share, Size and Forecast 2019-2027
                     GLOBAL SMART SPEAKERS 
MARKET
FORECAST 2019-2027

• The global CAGR of the smart speaker market is expected to 
be 24.91% during the forecasted period 2019-2027. Even 
though it is an emerging market, competition is rising rapidly 
as companies are coming up with new launches.
• A smart speaker is a type of wireless speaker and voice 
command device with an integrated virtual assistant 
(artificial intelligence) that offers interactive actions and 
hands-free activation with the help of one “hot word”. 
• The global smart speaker market is segmented by an 
intelligent virtual assistant, end users and distribution 
channel. Intelligent virtual assistant is sub-divided into Alexa, 
google assistant, Siri and Cortana and others. 
• The end-users segment of global smart speakers market 
includes personal and commercial. Distribution channel 
segment includes online and offline channels.

“The Global Smart Speakers market is anticipated to grow with 
24.91% CAGR during the forecast period 2019-2027.”
The expected CAGR of the 
North American smart speaker 
market 
for the forecast period of 2019-
2027 is 23.69%. 
The 
European market of smart speakers is 
poised to grow at a CAGR of 25.38% 
over the forecasted period of 2019-
2027.
The Asia Pacific smart speakers market 
is expected to have a CAGR of 26.10% 
over the forecast period of 2019-2027.
Prominent players in the global smart speaker market 
are Alibaba Group Holding Limited, Alphabet Inc., 
Amazon.Com Inc., Apple Inc., Bose Corporation, Lg 
Corporation, Panasonic Corporation, Pioneer 
Corporation, Plantronics Inc., Samsung Electronics 
Co. Ltd., Sonos and Xiaomi Corporation.