smart speaker market share (1)

Smart speakers are wireless speakers enabled by Bluetooth, Wi-Fi, or other wireless protocols and powered artificial intelligence. It is the most advanced technological revolution governing the global technology industry. It also operates other functions, such as obtaining weather data, recent news, listing day to day activities, and blending with the smart home devices. The smart speaker's multiple features provide an edge to the smart speaker market over other substitute technological products and services. According to Renub Research new report, Global Smart Speakers Market is expected to reach US$37.8 Billion by 2026.

The key factors for the growth of the smart speaker industry globally are:

• Expanding smart home devices
• The increasing desire for multifunctional devices
• The rise in disposable income
• The greater inclination toward technological products among millennials

Also, the formation of the 5G infrastructure is expected to drive smart speakers' growth globally. The deliv