Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Global Voice Controlled Devices Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Industry professionals and market enthusiasts alike are poised to witness the rapid evolution of the voice-controlled devices market as it burgeons with an expected increase of USD 10.51 billion from 2023 to 2028. This substantial market leap is characterized by a swift CAGR of 23.07% during the forecast period.
The latest comprehensive research bulletin provides a meticulously analyzed overview of the market environment, encompassing influential trends, foremost growth determinants, and various industry challenges. Market experts have delineated the critical driving forces behind this growth trajectory, which include amplified convenience, enhanced user experiences, and increased inclination towards smart device utilization.
Segmental Analysis of the Voice-Controlled Devices Market
To offer a granular view of this prolific market, the analysis is categorized into pivotal components and distribution channels:
- Hardware
- Software
Distribution Channel Insights:
- Offline
- Online
Regional Footprint
The analysis forecasts market dissection into key geographic areas, asserting North America, APAC, Europe, South America, and the Middle East and Africa as prominent regions witnessing remarkable market share and growth prospects.
The expanding popularity of voice e-commerce is a pivotal factor propelling market ascension, and the report anticipates the burgeoning adoption of smart homes and the diversification of multilingual voice assistants as future market catalysts.
Distinguished Market Participants
An extensive vendor investigation clearly outlines strategies for market competitors to bolster their positions. The scrutiny yields insights into leading market entities, which range from multinational conglomerates to nimble innovators in the voice control domain.
The account includes sharp market and vendor landscapes and highlights encapsulating promotions, competitive pricing, and profit metrics that play a substantial role in shaping the market dynamics. This granular analysis proffers an elaborate vendor selection methodology and both quantitative and qualitative research to forecast precise market growth.
This enlightening report is built upon an analytical blend of primary and secondary data sources, amassing insights from key industry figures. It portrays a detailed market picture to stakeholders, offering them a reliable compass for navigating the complexities of the voice-controlled devices sector.
A selection of companies mentioned in this report includes
- ABB Ltd.
- Alphabet Inc.
- Amazon.com Inc.
- Digi International Inc.
- Microsoft Corp.
- Samsung Electronics Co. Ltd.
- Sony Group Corp.
- STMicroelectronics International N.V.
- Xiaomi Communications Co. Ltd.
- Pebble
For more information about this report visit https://www.researchandmarkets.com/r/7wukj9
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