Edison, NJ -- (SBWIRE) -- 08/12/2020 -- Latest Report Available at Advance Market Analytics, "Next-Gen Smart Speaker Market" provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

The global Next-Gen Smart Speaker market focuses on encompassing major statistical evidence for the Next-Gen Smart Speaker industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Next-Gen Smart Speaker study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.

Key players in the global Next-Gen Smart Speaker market include;
Amazon (United States), Harman International (United States), Apple (United States), Sonos (United States), Alphabet (United States), Bose (United States), Sony (Japan), Xioami (China), Panasonic (Japan), Pioneer Electronics (Japan), Altec Lansing (United States) and Lenovo (United States).

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Definition and Market Overview
The next-gen smart speaker refers to voice command wireless device integrated with intelligent virtual assistant technology which uses wireless protocol standards such as Bluetooth, Wi-Fi, and others. As of December 2018, according to NPR and Edison Research, the number of smart speakers in the United States households was 118.5 million and 66.7 million in December 2017. The smartphone market has high growth prospects owing to technological developments in intelligent virtual assistant and AI integrated, smart speakers.

The Next-Gen Smart Speaker Market segments and Market Data Break Down are illuminated below:
by Application (Personal, Professional, Commercial), Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone, and Others), Software), Distribution Channel (Online Retail, Offline Retail), Intelligent Virtual Assistant Devices (Amazon Alexa, Google Assistant, Cortana, Siri, Others)

Market Drivers
- Increasing Demand for Smart Homes and Multifunctional Devices
- Development in Human-To-Machine Interaction Technologies
- Rising Popularity of Technologically Advanced Products among Millennials

Market Trend
- Emphasizing On AI-Enabled Smart Speakers
- Increasing Application of Bluetooth and Wi-Fi Connectivity Feature in Smart Speakers

Restraints
- Integration of Next-Gen Smart Speakers with Different Virtual Assistant Technology Enabled Devices
- Risks of Security Breaches and Data Threats Associate to Smart Speakers

Opportunities
- Technological Developments in Intelligent Virtual Assistant Technology and Wireless Speaker System
- Increasing Demand from Automotive Industry for Smart Speakers
- Development in Natural Language Processing (NLP)

Current Scenario Analysis for Decision Framework

Key Strategic Developments in Next-Gen Smart Speaker Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Next-Gen Smart Speaker Market
The report highlights Next-Gen Smart Speaker market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Next-Gen Smart Speaker market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Data Sources & Methodology
The primary sources involves the industry experts from the Global Next-Gen Smart Speaker Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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The Next-Gen Smart Speaker industry report further exhibits a pattern of analyzing previous data sources gathered from reliable sources and set a precedent growth trajectory for the Next-Gen Smart Speaker market. The report also focuses on a comprehensive market revenue streams along with growth patterns, Local reforms, COVID Impact analysis with focused approach on market trends, and the overall growth of the market.

The study encompasses a variety of analytical resources such as SWOT analysis and Porters Five Forces analysis coupled with primary and secondary research methodologies. It covers all the bases surrounding the Next-Gen Smart Speaker industry as it explores the competitive nature of the market complete with a regional analysis.

Extracts from Table of Contents
Global Next-Gen Smart Speaker Market Research Report
Chapter 1 Global Next-Gen Smart Speaker Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

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