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Smart Home Digital Assistant Market

Smart Home Digital Assistant Market is expected to have quickest CAGR growth owing to rising disposable income and urbanization of smart homes in these regions; U.S. households are quickly adopting the digital voice assistants as compared to other consumer electronics in North America region

Smart Home Digital Assistant Market is expected to have quickest CAGR growth owing to rising disposable income and urbanization of smart homes in these regions; U.S. households are quickly adopting the digital voice assistants as compared to other consumer electronics in North America region

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<strong>Smart</strong> <strong>Home</strong> <strong>Digital</strong> <strong>Assistant</strong> <strong>Market</strong> Technological<br />

advancements By 2025<br />

<strong>Smart</strong> <strong>Home</strong> <strong>Digital</strong> <strong>Assistant</strong> <strong>Market</strong> is an application program which can complete electronic<br />

tasks for the user by understanding the natural language. Earlier, such tasks included reading<br />

text, taking dictation, reading email or text messages aloud, placing calls and reminding the user<br />

about the appointments. The advanced digital assistants are programmed with machine learning,<br />

voice recognition technology and artificial intelligence. The artificial intelligence (AI)<br />

programming uses sophisticated algorithms to recognize the input data and improvise in<br />

predicting the end-user’s needs when the user interacts with the digital assistant. Technological<br />

advancements in smart home digital assistant industry will be more advanced with cognitive<br />

computing technologies enabling digital assistant to understand and perform complex tasks.<br />

The expansion of AI enabled services from various companies such as Apple, Amazon, Google<br />

and Samsung Electronics is expected to support the industry growth over the forecast timeline.<br />

The digital assistants with voice as a user-interface (UI) are increasingly penetrating in <strong>Smart</strong><br />

<strong>Home</strong> <strong>Digital</strong> <strong>Assistant</strong> <strong>Market</strong> via integration with connected set top boxes, smart speakers,<br />

streaming media devices and smart TVs. The consumer electronics manufacturers are<br />

increasingly adopting voice assistants to differentiate their products, attract customers to their<br />

platforms by providing a smarter experience.<br />

Many home appliance manufacturers have already started to integrate Google <strong>Assistant</strong>s and<br />

Amazon Alexa within their connected appliances. Currently these appliances are likely to be<br />

assistant-enabled and are expected to be embedded with AI-based technology for numerous<br />

range of appliances such as smart wall ovens, smart fridges, smart coffee machines and robotic<br />

vacuum cleaners.<br />

Voice control is quite crucial in <strong>Smart</strong> <strong>Home</strong> <strong>Digital</strong> <strong>Assistant</strong> <strong>Market</strong> as almost all electronic<br />

devices can be controlled through voice commands, effectively reducing the continuous<br />

management need of various mobile applications. The virtual assistant software acts as a brain<br />

for each device by typically combining recognition and application programming interfaces<br />

(APIs). These smart home virtual assistant features always-on microphones which are voicecontrolled.<br />

Get accurate market forecast and analysis on the <strong>Smart</strong> <strong>Home</strong> <strong>Digital</strong> <strong>Assistant</strong> <strong>Market</strong>.<br />

Request a sample to stay abreast on the key trends impacting this market :<br />

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=29222<br />

The voice-controlled <strong>Smart</strong> <strong>Home</strong> <strong>Digital</strong> <strong>Assistant</strong> <strong>Market</strong> speakers listens to every sound<br />

within their hearing range. After hearing its wake word, the speaker awakes into action and sends<br />

recording of the command to its cloud servers. The command is translated into the action in the<br />

server and sent back with necessary action. The processing is entirely dependent on the network


connection and can be instantaneous or may take few seconds for response.<br />

Balancing user privacy concerns, capturing user data to ensure compelling experience is the<br />

major key challenge for digital assistant providers. The cost implications of adding AI-enabled<br />

services, ensuring sufficient developer support and service integrations are the potential growth<br />

opportunities for smart home digital assistant market.<br />

The U.S. households are quickly adopting the digital voice assistants as compared to other<br />

consumer electronics in North America region. The voice-based and voice control technologies<br />

has experienced strong uptick in the consumer electronics segment. Continuous improvements in<br />

natural language processing and machine learning paired with prevalence of portable devices<br />

have supported the advancements in voice interfaces. The North America is expected to continue<br />

its dominance over the forecast timeline owing to its early adoption of the digital assistant<br />

technology. Europe and Asia Pacific region is expected to have quickest CAGR growth owing to<br />

rising disposable income and urbanization of smart homes in these regions.<br />

Amazon Alexa, Google <strong>Assistant</strong>, Apple Siri and Microsoft Cortana are some of the industry<br />

participants in smart home digital assistant market. The rivalry between the technology giants is<br />

intensifying as more companies combine their voice assistant software with speaker-style handsfree<br />

hardware. Amazon has significantly tapped the market share by launching its Echo speaker<br />

and Alexa assistant in the niche market. However, the company is expected to face significant<br />

technological and cost pressures from its competitors such as Google, Samsung, Apple and other<br />

big industry competitors.<br />

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative<br />

insights, historical data, and verifiable projections about market size. The projections featured in<br />

the report have been derived using proven research methodologies and assumptions.<br />

About TMR<br />

Transparency <strong>Market</strong> Research (TMR) is a global market intelligence company providing<br />

business information reports and services. The company’s exclusive blend of quantitative<br />

forecasting and trend analysis provides forward-looking insight for thousands of decision<br />

makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data<br />

sources and various tools and techniques to gather and analyze information.<br />

TMR’s data repository is continuously updated and revised by a team of research experts so that<br />

it always reflects the latest trends and information. With extensive research and analysis<br />

capabilities, Transparency <strong>Market</strong> Research employs rigorous primary and secondary research<br />

techniques to develop distinctive data sets and research material for business reports.


About Us<br />

Transparency <strong>Market</strong> Research (TMR) is a global market intelligence company providing<br />

business information reports and services. The company’s exclusive blend of quantitative<br />

forecasting and trend analysis provides forward-looking insight for thousands of decision<br />

makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data<br />

sources and various tools and techniques to gather and analyze information.<br />

TMR’s data repository is continuously updated and revised by a team of research experts so<br />

that it always reflects the latest trends and information. With extensive research and analysis<br />

capabilities, Transparency <strong>Market</strong> Research employs rigorous primary and secondary research<br />

techniques to develop distinctive data sets and research material for business reports.<br />

Contact Us<br />

Transparency <strong>Market</strong> Research<br />

State Tower,<br />

90 State Street, Suite 700,<br />

Albany NY - 12207<br />

United States<br />

USA - Canada Toll Free: 866-552-3453<br />

Email: sales@transparencymarketresearch.com<br />

Website: http://www.transparencymarketresearch.com

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