According to Renub Research market research report “Smart Speaker Market & Volume by Platform (Amazon Alexa, Google Assistant, Apple Siri, Others), Countries, Regions, Companies (Amazon, Apple, Google, Microsoft, Xiaomi)” the Global Smart Speaker Market is expected to be more than USD 18 Billion by the year 2024. A smart speaker is a type of speaker which has no wires, and it has the voice instruction enabled device with an assembled virtual assistant that offers interactive actions and hands-free activation with the help of one "hot word". Smart speakers also act as an intelligent device which has in-built Wi-Fi, Bluetooth, and other wireless protocol standards. These features have usage beyond audio playbacks, such as to control home automation devices.

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The advantage of a wireless speaker system has no wires are connecting the speakers to the sound system. It can put the speakers anywhere within transmission range and no tripping that leads back to the sound system. Some disadvantages come with wireless networks such as wireless speakers still require power; they likely need to plug the speaker into a charging source. Interference can be another problem. Dropped signals can also be an issue if a transmitter or receiver stops working or drops out; it will affect the listening experience.

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Market Summary:

• By Platform: This research report covers: Market, market share, volume, volume share of following platforms: Amazon Alexa, Google Assistant, Apple Siri, and other platforms, in which Amazon Alexa has the biggest market share.
• By Regions: The global smart speaker market is divided into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa with the market, market share, volume, volume share analysis. Among all regions, North America is leading the market.
• By Countries: Market, market share, volume, volume share of United States, United Kingdom, Germany, China, and other countries are provided in this research report. The United States holds a significant market share of the Smart Speaker market.
• By Companies: Overview, Initiatives & Recent Developments and Sales analysis of Amazon, Apple, Google, Microsoft, and Xiaomi are provided in this research report.

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