All items tagged with smart speakers and market trends (16)

US Smart Speaker Market is Stalling, New Voicebot Market Report Finds

March 3, 2022 by audioXpress Staff

US Smart Speaker Market is Stalling, New Voicebot Market Report Finds

According to Voicebot Research, smart speakers's use at home is stalling, at least in the most mature market, which is the US. According to the company's latest "Smart Speaker Consumer Adoption Report 2022," the US reveals a new trend on how the market is evolving. Following a fast rise to prominence in 2016, and peak adoption in 2019, momentum shifted to what Brett Kinsella, the founder and CEO of Voicebot.ai and Voicebot Research, characterizes as "The Great Stall".

Global Smart Speaker Market Set to Reach 163 Million Units in 2021

October 30, 2020 by audioXpress Staff

Global Smart Speaker Market Set to Reach 163 Million Units in 2021

With a slightly more conservative forecast than some published reports from other market research firms, Canalys expects the global smart speaker market, including smart displays, to reach 163 million units in 2021, characterized as a growth of 21%. In 2020, Mainland China, which has the COVID-19 pandemic relatively under control, will lead, growing 16%, while the rest of the global market is expected to grow 3% as countries continue to battle the coronavirus.

Futuresource's Audio Collaborative 2020 Expands as Two-Day Live-Streamed Event

September 14, 2020 by Joao Martins

Futuresource's Audio Collaborative 2020 Expands as Two-Day Live-Streamed Event

Futuresource Consulting is putting together another edition of the company's renowned Audio Collaborative event, which for 2020 will be shifting to an all-virtual experience. With health and safety being of prime importance during the coronavirus outbreak, Futuresource must ensure all co-workers, exhibitors, thought leaders and attendees feel at ease to best experience and deliver the range of fascinating topics lined up. Wednesday 4th and Thursday 5th of November, from 14:00 – 18:00 GMT, Audio Collaborative 2020 will be more global than ever.

New Record for Smart Speakers As Global Sales Reached 146.9 Million in 2019

February 14, 2020 by audioXpress Staff

New Record for Smart Speakers As Global Sales Reached 146.9 Million in 2019

The global smart speaker market reached a new high in 2019 with sales of 146.9 million units, an increase of 70% on 2018, according to new research from Strategy Analytics. Amazon remained the leading brand with a share of 26.2%, down from 33.7% 2018. Google retained second place with a 20.3% share, also down from 25.9% the previous year. Chinese vendors Baidu, Alibaba and Xiaomi all increased their shares, while Apple remained in sixth place with 4.7%.

Smart Speaker Market to Reach 92 Million Units Shipped in 2019

September 18, 2019 by audioXpress Staff

Smart Speaker Market to Reach 92 Million Units Shipped in 2019

The smart speaker market will grow by 35% this year, according to SAR Insight & Consulting’s Latest Digital Assistant Platform Forecast DATAbase, with shipments reaching 92 million. Amazon remains the market leader, but its smart speaker market share has declined and now represents approximately a third (33%) of the total volume anticipated in 2019. Total voice software unit shipments are expected to increase significantly to 2024.

With Competition Between Streaming Services Intensifying, Hardware Has Become an Important Growth Factor

August 22, 2019 by Futuresource Consulting

With Competition Between Streaming Services Intensifying, Hardware Has Become an Important Growth Factor

After a dynamic few years in the music and audio industries, 2018 and the first half of 2019 have once again been marked by the continuous growth of global music streaming subscriptions, with this momentum expected to continue in the short to medium term. By 2023, Futuresource expects the number of streaming subscriptions to exceed 425 million globally, representing over 90% of total consumer spend on recorded music, according to its latest Streaming Music Outlook & Service overview report.

Smart Speakers Continue to Play a Leading Role in the Home Audio Market

August 14, 2019 by Futuresource Consulting

Smart Speakers Continue to Play a Leading Role in the Home Audio Market

The worldwide home audio hardware market grew 20% last year to reach 154 million units, with a further 19% growth projected in 2019, according to a new market report from Futuresource Consulting. The sector, which includes wireless speakers, soundbars, A/V receivers, Hi-Fi systems and dedicated speaker docks, also witnessed 5% revenue growth last year, with trade values reaching $14.5 billion.

Futuresource Looks at Consumers Engagement with Audio Hardware & Content

June 25, 2019 by audioXpress Staff

Futuresource Looks at Consumers Engagement with Audio Hardware & Content

Futuresource Consulting announced a brand new consumer market research program – Living with Audio: Consumer Engagement with Audio Hardware and Content. This new service from the market research firm provides an in-depth look at how consumers are engaging with home devices, headphones, smart speakers and audio content. The research answers questions around how many and what devices consumers own in their household, how they are currently using the devices and how often.

Global Home Audio Trade Revenues Approached $15 billion in 2018

January 17, 2019 by audioXpress Staff

Global Home Audio Trade Revenues Approached $15 billion in 2018

Futuresource Consulting revealed the latest findings from its World Wide Home Audio Report, confirming the worldwide home audio market signaled an increase of 21% in units in 2018, whilst posting revenues of nearly $15 billion, with major contributions from smart speakers to drive the growth. According to Futuresource, the growing presence of entry level smart speakers from Amazon, Google and Chinese brands impacted the overall average price for a home audio device, down by an estimated 12% the end of 2018.

Consumer Audio Poised For Rapid Growth: Futuresource Consulting Key Trends Roundup

November 22, 2018 by Futuresource Consulting

Consumer Audio Poised For Rapid Growth: Futuresource Consulting Key Trends Roundup

Market research firm Futuresource Consulting promoted its highly successful Audio Collaborative conference dedicated to latest audio industry trends. During this all-day event, held in London, UK, on November 8, 2018, Futuresource's Principal Consultant, Jack Wetherill presented "Key Trends and Drivers in the Consumer Audio Hardware Market," a summary of the company's latest market research on Consumer Audio. Consumer audio hardware is making a comeback and poised for a period of rapid growth, was the key message.

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