The European market of smart speakers is poised to grow at a CAGR of 25.38% over the forecasted period of 2019-2027. The Europe smart speaker market will continue to escalate in terms of revenue and is projected to reach $xx million by 2027. The overall network infrastructure for the growth of smart speakers in Europe is favorable for the smart speaker market.

EUROPE SMART SPEAKER MARKET FORECAST 2019-2027

Europe Smart Speaker Market, which is segmented by Intelligent Virtual Assistance (Alexa, Google assistant, Siri, Cortana and Others), by End User (Personal use, Commercial use), by Distribution Channel (Online, Offline) & by Geography

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Report Summary

The overall network infrastructure for the growth of smart speakers in Europe is favourable for the smart speaker market. The average annual growth rate of the household spending in Europe is on the rise, which is expected to benefit the smart speaker market. The demand for smart speakers is different in the UK as compared to other countries in Europe. While UK has displayed strong growth in the demand of smart speakers, other European countries have shown some restraint in the adoption of smart speakers. The main reason for this is the concerns that many consumers have over issues of data privacy in the wake of latest events such as the Facebook breach.

Top companies involved in the European market for smart speakers are Bose Corporation, Lg Corporation, Apple, Alphabet Inc., Panasonic Corporation, Pioneer Corporation, Amazon.Com Inc., Sonos, Alibaba Group Holding Limited, Plantronics Inc. And Samsung Electronics Co. Ltd.

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RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
  - STUDY AND FORECASTING YEARS

RESEARCH METHODOLOGY
- SOURCES OF DATA
  - SECONDARY DATA
  - PRIMARY DATA
- TOP DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
  - DEVELOPMENTS IN THE SMART SPEAKERS MARKET
  - COMPETITION IS RISING QUICKLY TO CAPTURE GREATER MARKET SHARE.
  - POPULAR LOCATIONS FOR SMART SPEAKERS USAGE
  - AMAZON ECHO COMMAND ABOUT TWO-THIRDS OF THE MARKET
  - EMERGENCE OF VOICE COMMERCE

MARKET DYNAMICS
- MARKET DEFINITION & SCOPE
- MARKET DRIVERS
  - RAPID INCREASE IN USAGE OF SMART DEVICES AT HOME
  - MILLENNIALS ATTRACTION TOWARDS SMART HOMES
  - INCREASE IN ADOPTION OF MULTIFUNCTIONAL DEVICES BY SMALL, MEDIUM & LARGE ENTERPRISES
- MARKET RESTRAINTS
  - SECURITY AND PRIVACY CHALLENGES
  - LANGUAGE SUPPORT IN VOICE ASSISTANTS
- MARKET OPPORTUNITIES
  - DEMAND IS RISING RAPIDLY
  - SMART SPEAKER OWNERS USES 3RD-PARTY VOICE APPS
  - ADOPTION OF VOICE APPS, SMART HOME, CALLING AND MESSAGING HAVE ROOM FOR GROWTH
  - NEW DEVELOPMENTS
- MARKET CHALLENGES
  - LACK OF KNOWLEDGE BASE
  - PRICING & TECHNOLOGICAL ADVANCEMENT RESTRICTING GROWTH OF THE MARKET

MARKET BY INTELLIGENT VIRTUAL ASSISTANT
- ALEXA
- GOOGLE ASSISTANT
- SIRI
- CORTANA
- OTHERS
MARKET BY END USERS
- PERSONAL USE
- COMMERCIAL USE
MARKET BY DISTRIBUTION CHANNEL
- ONLINE
- OFFLINE
KEY ANALYTICS
- PORTERS FIVE FORCES ANALYSIS
  - BARGAINING POWER OF BUYERS
  - BARGAINING POWER OF SUPPLIERS
  - THREAT OF NEW ENTRANTS
  - THREAT OF SUBSTITUTES
  - THREAT OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
GEOGRAPHICAL ANALYSIS
- EUROPE
  - UNITED KINGDOM
  - FRANCE
  - ITALY
  - RUSSIA
  - SPAIN
  - GERMANY
  - REST OF EUROPE

COMPANY PROFILES
- ALIBABA GROUP HOLDING LIMITED
- ALPHABET INC.
- COM, INC.
- APPLE INC.
- BOSE CORPORATION
- LG CORPORATION
- PANASONIC CORPORATION
- PIONEER CORPORATION
- PLANTRONICS, INC.
- SAMSUNG ELECTRONICS CO., LTD.
- SONOS
- XIAOMI CORPORATION

TABLE LIST

TABLE 1. EUROPE SMART SPEAKER MARKET, BY COUNTRY 2019-2027 ($ MILLIONS)

TABLE 2. EUROPE SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT, 2019-2027 (IN $ MILLION)

TABLE 3. EUROPE SMART SPEAKER MARKET, BY END USERS, 2019-2027 (IN $ MILLION)

TABLE 4. EUROPE SMART SPEAKER MARKET, BY DISTRIBUTION CHANNEL, 2019-2027 (IN $ MILLION)

TABLE 5. OPPORTUNITY MATRIX

TABLE 6. VENDOR LANDSCAPE

TABLE 7. EUROPE SMART SPEAKERS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

FIGURE LIST

FIGURE 1. EUROPE SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT, 2018 & 2027 (IN $MILLIONS)

FIGURE 2. EUROPE SMART SPEAKERS MARKET BY ALEXA, 2019-2027 (IN $ MILLION)

FIGURE 3. EUROPE SMART SPEAKER MARKET BY GOOGLE ASSISTANT, 2019-2027 (IN $ MILLION)

FIGURE 4. EUROPE SMART SPEAKER MARKET BY SIRI, 2019-2027 (IN $ MILLION)

FIGURE 5. EUROPE SMART SPEAKERS MARKET BY CORTANA, 2019-2027 (IN $ MILLION)

FIGURE 6. EUROPE SMART SPEAKERS MARKET BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 7. EUROPE SMART SPEAKERS MARKET BY PERSONAL USE, 2019-2027 (IN $ MILLION)

FIGURE 8. EUROPE SMART SPEAKERS MARKET BY COMMERCIAL USE, 2019-2027 (IN $ MILLION)

FIGURE 9. EUROPE SMART SPEAKERS MARKET BY ONLINE DISTRIBUTION, 2019-2027 (IN $ MILLION)

FIGURE 10. EUROPE SMART SPEAKERS MARKET BY OFFLINE DISTRIBUTION, 2019-2027 (IN $ MILLION)

FIGURE 11. EUROPE SMART SPEAKER MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 12. UNITED KINGDOM SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 13. FRANCE SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14. ITALY SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15. RUSSIA SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16. SPAIN SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17. GERMANY SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18. REST OF EUROPE SMART SPEAKERS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19. SMART SPEAKER PENETRATION IN HOUSEHOLDS IN REST OF EUROPEAN COUNTRIES

Segmentation

GEOGRAPHICAL ANALYSIS
- EUROPE
  - UNITED KINGDOM
  - FRANCE
  - ITALY
  - RUSSIA
  - SPAIN
  - GERMANY
  - REST OF EUROPE

MARKET BY INTELLIGENT VIRTUAL ASSISTANT
- ALEXA
- GOOGLE ASSISTANT
- SIRI
- CORTANA
- OTHERS
MARKET BY END USERS
- PERSONAL USE
- COMMERCIAL USE
MARKET BY DISTRIBUTION CHANNEL
- ONLINE
- OFFLINE