NEW YORK, April 15, 2021 /PRNewswire/ --
The speakers market is expected to grow by $ 28.37 bn, progressing at a CAGR of over 14% during the forecast period.
NEW YORK, April 15, 2021 /PRNewswire/ --
The speakers market is expected to grow by $ 28.37 bn, progressing at a CAGR of over 14% during the forecast period.
The increasing adoption of smart speakers is one of the major factors propelling the market growth. However, factors such as privacy concerns associated with smart speakers will hamper the market growth.
More details: https://www.technavio.com/report/speakers-market-industry-analysis
Speakers Market: Technology Landscape
Based on the technology, the wireless speakers' segment is expected to witness a lucrative growth during the forecast period.
Speakers Market: Product Landscape
Based on the product, the stereo speakers segment is expected to witness growth during the forecast period.
Speakers Market: Geographic Landscape
By geography, APAC is going to witness a surge in growth during the forecast period. About 45% of the market's overall growth is expected to originate from APAC. China and Japan are the key markets for speakers in APAC. Rapid advances in technology, changing end-user preferences, increasing partnerships between smart speaker vendors and security service providers, and the rising adoption of music streaming services will facilitate the speakers market growth in APAC over the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Communication Services Include:
Companies Covered:
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: https://www.technavio.com/report/speakers-market-industry-analysis
SOURCE Technavio
Share this article