Latest Market Research Report 2025

  Smart Speaker Market Growth & Trends Market Overview Increasing the adoption of smart home technology and the presence of smart home devices enables people to shift their preferences toward  smart speakers . Market Size : Expected to reach USD 50.19 billion by 2030 CAGR: 2% from 2023 to 2030 Growth is driven by smart speakers’ role as centralized smart home hubs, allowing voice-based control of a wide range of connected devices. Key Market Drivers Technological Advancements Smart speakers now include visual displays and camera features: Amazon Echo Look  – offers fashion advice via built-in camera (launched June 2018) Google Assistant Smart Displays  – integrates screen-based functions like Google Maps, recipes, and online shopping Advancements in  machine learning and AI  make devices smarter and more responsive. AI & Broadband Integration Increased broadband penetration and AI-powered features (e.g., natural la...

The global  smart speaker market  size is expected to reach USD 50.19 billion by 2030, registering a CAGR of 22.2% during the forecast period, according to a new report by Grand View Research, Inc. The ability of a smart speaker to function as a centralized hub that can adequately control other smart home devices is expected to increase their popularity among consumers.   The market is anticipated to witness significant growth over the forecast period owing to various technological advancements. One of the recent technological advancements is Echo Look, launched by Amazon in June 2018. Echo Look is integrated with a camera and programmed to function as a fashion advisor by capturing user’s images. Similarly, in March 2017, Google announced its strategy to incorporate smart displays in their speakers. The Google Assistant Smart Displays can be used to watch recipes, refer to Google maps, and shop online with the visual aid of a screen. Furthermore, increasing penetration o...