Smart Sound and Gateway Market Revenue Growth and Quantitative Analysis Till 203

1. Market Research Report EXCLUSIVE EDITION Smart Sound and Gateway MarketReport Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

2. Smart Sound and Gateway Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 800 Third Avenue Suite A #1519 New York, NY 10022 EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

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5. Smart Sound and Gateway Market Share 2022 COVID-19 Impact and Regional Outlook 2030 Smart Sound and Gateway Market by Virtual Assistant (Alexa, Google Assistant, Siri, Ali Genie, Xiao AI, and Multiple Virtual Assistant Support Speakers), by Solution (Smart Speaker and Hearables), by Region – Global Share and Forecast to 2030 Description According to the Market Statsville Group (MSG), the global smart sound and gateway market size is expected to grow from USD 438.4 million in 2021 to USD 4,397.7 million by 2030, at a CAGR of 29.2% from 2022 to 2030. A smart speaker is a wireless device offering smart audio playback using several types of connectivity for additional functions. The study focuses on smart speakers with both display and non-display offerings. The devices that operate with a virtual assistant are considered under the scope of the study, and the devices that offer multiple virtual voice assistant support are considered under 'Multiple Virtual Assistant Support Speakers’. Due to high-speed internet and increased access to smartphones the global demand for smart speakers is increasing at an exponential rate. In English-speaking nations, such as the UK and the US, demand for smart speakers with virtual voice assistants was significantly higher in 2019. Since then, demand has shifted to non-English speaking countries, such as China, Germany, and India. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

6. Among the overall demand for digital voice assistants, overall market demand was led by Google Assistant and Apple's Siri, owing to their penetration in the smartphone market. However, in terms of smart speakers, the market was led by Amazon's Alexa. Alexa commands a major share of the smart speaker market, owing to the growing product queries made via voice searches. Request Sample Copy of this Report: https://www.marketstatsville.com/request- sample/smart-sound-and-gateway-market Global Smart Sound and Gateway Market Dynamics Drivers: Growing Consumer Propensity toward Connected Devices The growing consumer propensity towards the adoption and usage of the connected devices is augmenting the demand. For instance, according to a study by Jaze Networks, the global internet- connected devices per person in 2020 were at 6.58; and according to another study, the global number for connected devices per person is likely to reach 15 by 2030. In addition to this, consumer demand for smartphones is increasing at a significant rate. For instance, according to the data by Ericsson, in Q2 2020, the total number of mobile subscriptions was about 7.9 billion, amongst which about 74% of the subscriptions were associated with smartphones. Such growing penetration of smartphones is expected to pave the way for more connected to devices. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 6

7. Challenges: Security Concerns Pertaining to Connected Devices Even small news of security breach headline from a major vendor influences consumer decisions significantly. For example, misunderstood commands, unintended purchases, and Alexa listening to consumers have made users take a back foot stance in adopting smart speakers. Also, the security breaches in terms of data and passive listening were amongst the major concerns hindering the growth. According to a study by Microsoft, about 52% of the respondents mentioned that data security was their major concern in the adoption of smart speakers, 41% mentioned its passive listening, and 14% of respondents took time to hand write that they did not trust the company behind the voice assistant. Segments of the Global Smart Sound and Gateway Market The study categorizes the smart sound and gateway market based on virtual assistant, solution, and region. Direct Purchase Report: https://www.marketstatsville.com/buy-now/smart-sound-and- gateway-market?opt=2950 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 7

8. By Virtual Assistant Outlook (Sales, USD Million, 2017-2030) •Alexa •Google Assistant •Siri •Ali Genie •Xiao AI •Multiple Virtual Assistant Support Speakers •Other Virtual Assistants By Solution Outlook (Sales, USD Million, 2017-2030) •Smart Speaker •Hearables By Region Outlook (Sales, USD Million, 2017-2030) •North America • US • Canada • Mexico •Europe © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 8

9. Germany Italy France UK Spain Poland Russia The Netherlands Norway Czech Republic Rest of Europe •Asia Pacific • China • Japan • India • South Korea • Indonesia • Malaysia • Thailand • Singapore • Australia & New Zealand • Rest of Asia Pacific • • • • • • • • • • • © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 9

10. •South America • Brazil • Argentina • Colombia • Rest of South America •The Middle East & Africa • Saudi Arabia • UAE • South Africa • Northern Africa • Rest of MEA The Alexa segment is projected to account for the largest market share, by virtual assistants Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of- content/smart-sound-and-gateway-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 10

11. Based on virtual assistants, the global smart sound and gateway market is divided into Alexa, Google Assistant, Siri, Ali Genie, Xiao AI, Multiple Virtual Assistant Support Speakers, and Other Virtual Assistants. In 2021, Alexa had the largest market share of 31.9% in the global smart sound and gateway market. Amazon’s Alexa is one of the most commonly accepted, hands-free voice assistants that can be used for various purposes. Its user interface system was developed back in 2014. Alexa’s distinguished features, machine learning, and speech science technology is further designed to support multiple, simultaneous wake words. Since the emergence of voice assistants, globally, the expanded conversational commerce has created new opportunities for brands to build greater intimacy with consumers. For instance, Amazon has been rolling out voice shopping options by adding the Alexa voice assistant to its mobile shopping app. Likewise, it aims to foray into Europe to try out voice shopping. However, issues pertaining to compliance with Europe’s GDPR privacy rules and assurance to people that their data would not be taken. Asia Pacific accounts for the highest CAGR during the forecast period © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 11

12. Based on the regions, the global smart sound and gateway market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 40.1% in the global smart sound and gateway market during the forecast period. The region includes the countries such as China, Japan, India, Australia, Southeast Asia, South Korea, and Rest of Asia-Pacific. Due to the low manufacturing costs achieved by local vendors, high rate of product innovation in the market, and increased domestic consumption, China had the largest market share in Asia Pacific. For instance, In 2020, Xiaomi- backed Redmi also launched its first touchscreen smart speaker, dubbed as Redmi XiaoAI Touchscreen Speaker 8. In September 2020, the company again launched an upgraded variant in China — Redmi XiaoAI Touchscreen Speaker Pro. It features an 8-inch touchscreen display that can be used to watch videos, listen to songs, and be linked with smart cameras and doorbells to view the video feed on the device to keep a check anytime. Moreover, High investment in IoT devices and technology and increasing investment in voice assistant devices are some of the key factors driving the market growth in Japan. Many small companies claim that there were approximately 3.5 to 4 million households in Japan with smart speakers installed in their homes in 2018. This number is expected to increase to almost 22 million households by 2024. Many local newspapers also claimed that in 2019, the country witnessed a 131% growth in the smart speaker market. Request For Report Description: https://www.marketstatsville.com/smart-sound-and- gateway-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 12

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