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INSIGHTS

Smart speaker market size worth over USD 13 billion by 2024: Report

Smart speaker market size worth over USD 13 billion by 2024: Report
Smart speaker market size is estimated to exceed USD 13 billion, with shipments of over 100 million units by 2024, according to a new research report conducted by Global Market Insights.
Smart speaker market size is estimated to exceed USD 13 billion, with shipments of over 100 million units by 2024, according to a new research report conducted by Global Market Insights.

The smart speaker market is expected to grow at a significant pace over the forecast timeframe owing to the growing proliferation of smart homes across the globe. Factors such as high network connectivity and growing demand to increase consumer convenience are anticipated to drive the market. Several device manufacturers are investing in improving the functionality of legacy systems beyond playing music. This, coupled with increasing demand for wireless devices will escalate the industry size.

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