27 Jan
2022
For quite a long time now, smart speakers, the latest technological innovation has been dominating the consumer technology market. A popular smart speaker i.e. Amazon’s Alexa has been offering services to users by allowing them to create multi-step automations through voice prompt or other triggers. With the help of Alexa, users can command to perform multiple tasks such as listening to music, online shopping, ordering food, obtaining latest news, and many more. This smart speaker is a wireless device enabled by Wi-Fi, Bluetooth, or any other wireless protocols. This is powered by virtual assistant and driven by artificial intelligence.
Other than that, Google offers Google Home powered by virtual Google assistant. Google has a great potential for the future as it has a wider variety of voices than Alexa and the artificial intelligence learning experience is excellent. This is no doubt giving a tough competition to Alexa, but when it comes to support for a wider range of devices, Alexa tends to be better than Google. Users who already have a lot of smart home devices must choose Alexa.
Recently, it has been announced by Amazon that Alexa added two new features which include options for sound-based triggers, such as appliances beeping and water running. These two options can add value to Alexa routine. Also, the devices with ultrasound motion detection can now activate Alexa routines based on movement. Users can integrate Alexa with tasker auto voice in order to let the automations perform actions on an Android device.
Moreover, Amazon added a new feature through which users can set up some interesting automations if they have an echo and echo dot speaker. With this feature, the occupancy in a room can be detected by emitting an ultrasound wave and lights can be turned on while entering a room & similarly can be turned off when leaving a room, thereby making it convenient for the user to set up occupancy routine. As per the requirement, users can also enable or disable this feature through the Alexa app.
According to a report published by Allied Market Research, the smart speaker market size is projected to reach $23.3 billion with a significant CAGR from 2018 to 2025. North America is currently holding the highest market share. However, the Asia-Pacific region is expected to grow at the fastest rate, owing to the presence of key market players in this region. Surge in demand for smart home devices among millennials is the main factor that is driving the growth of the market.
Furthermore, the implementation of wireless 5G infrastructure and advancement of natural language processing (NLP) are providing lucrative opportunities for the growth of the market. With the rise in disposable income and fast paced lifestyle, there is a need for smart gadgets among the consumers. People are preferring to control smart devices through a simple voice command, which in turn, is boosting the growth of the smart speakers’ market even more. Here, it is worth saying that the smart speaker market is having a huge scope to grow exponentially in the near future.
Koyel Ghosh
Author’s Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.
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