Global smart speaker market to grow at a CAGR of 24.02%
The global smart speaker market to grow at a CAGR [compound annual growth rate] of 24.02% during the period 2017-2021, according to new data from Research and Markets (www.researchandmarkets.com).
According to the research group, one of the major drivers for this market is increase in number of smart homes. A large number of homes in developed countries such as the U.S. and the UK are being renovated into smart homes. In a smart home, smart electronics, consumer electronic devices, and media and entertainment gadgets are connected to the home network and can interact with each other.
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