Artificial Intelligence
Global Smart Speaker Market will reach US$ 27.92 Billion by 2028
<!– Name:DistributionId Value:8754333 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:5557 –> <!– Name:CustomerId Value:1199811 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:cd2f5994-9faf-4b55-83b2-a22fe9ed9c64 –>
New York, Feb. 22, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Smart Speaker Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” – https://www.reportlinker.com/p06423411/?utm_source=GNW
For example, with just command, smart speakers can now answer questions, set timers, play music, control other home devices, and help children with homework.
The world has become wiser with the introduction of technology and technological devices. Today, technology has become an integral part of life, resolving the complexities of daily routines and making things easier. Smartphones are regarded as one of the most significant technological developments. Various manufacturers employ various speech recognition systems: Apple’s Siri-Assistant-Speech-Recognition-System is used by Apple and Microsoft, Google Home Series uses Microsoft’s Cortana, and Amazon Echo speakers employ their voice recognition techniques for their smart speakers. Furthermore, specific smart speakers may function as devices that use Bluetooth, Wi-Fi, and other protocol standards to perform functions other than audio playing, such as controlling home automation systems.
Global Smart Speaker will grow at a CAGR of 18% from 2022 to 2028
Different age groups of savvy speaker users in the United States prefer voice-assistance programs. Apple’s Siri is famous among younger groups, with 60% of 18 to 24-year-olds. Amazon Alexa, on the other hand, is far more prevalent among voice assistant users 35 and older. More than 135 million individuals in the United States utilize voice as usual, including those who do not gain access to smart speakers. This can incorporate but is not limited to, features such as compatibility across some services and platforms, peer-to-peer connection through webbing, virtual assistants, and others.
Smart speakers have become very popular, and there is a collection of smart speakers on the market from many manufacturers. These smart speakers allow various things, from controlling wireless-enabled lights to ordering multiple products and takeaways online and providing information like the weather forecast, time, date, and many more.
Although the rising interest in smart speakers shows, the increasing number of smart homes, rising disposable income, and the rapid proliferation of multifunctional devices are all factors driving the smart speaker market growth. Additionally, the disclosure of new technologies, such as automated speech recognition technology and natural language processing (NLP), has shifted the market of manually controlled speakers to AI-controlled speakers. These are authorized by wireless communication mediums such as Bluetooth and Wi-Fi, addressed by a virtual assistant, and are steered by artificial intelligence. However, data-steered innovations have threatened security and privacy, creating hindrances for the Global Smart Speaker Market. The Global Smart Speaker was US$ 10.34 Billion in 2022.
Software Component will hold the Maximum Revenue in the Forecast Period
Based on Components, the Global Smart Speaker Market is divided into two types that are Software and Hardware. The Software will hold the largest market share in the future period due to technological advancements enabling smart features and functions. For example, modern Software is required to manage data, and even advanced Software is needed to collect data from various databases, which will significantly be expected to boost the market. On the other hand, hardware will also lead the market due to the increasing integration of advanced sensors in smart speakers for better voice recognition.
Smart Speaker Market for Google Home is expected to grow at a higher Growth rate during the Upcoming Years
By Platform, the market is classified into four types: Amazon Alexa, Google Home, Apple Home Pod, and others. Google Home will dominate the market revenue in 2022 due to easy affordability and availability of a wide range of features, large audiences, continuously enhanced services, and offering for the user Google Home is very trend among consumers. In addition, it integrates with various other smart home appliances, and the craze for IoT devices among millennials is expected to retain its popularity and predict a rising market revenue.
Smart Home Application Market will grow by the end of 2028
Based on application, The Global Smart Speaker Market is divided into three types Smart Home, Consumers, and Smart Office. The Smart Home captures the most significant share due to quick access to all Google services and data associated with the Google account. In addition, with the increasing deployment of smart speakers, advanced functionality, different features, Convenience, and smart office environments, employees can reserve meeting rooms, extend their meetings, or set reminders for a conference call through voice command to smart speakers has significantly boosted the market.
Low Range Smart Speakers Market will dominate in the Future
By Price Range, The Global Smart Speaker Market is differentiated into Low range smart speakers (less than $100), Mid-range Smart speakers ($101 to 200), and Premium Smart speakers (Above $200). The low-range smart speaker will dominate the maximum revenue due to a wide range of arability, technological advancement, Convenience for customer interest, propelling market expansion, offers, and better services in such a low price range have driven the growth of the market.
United States Market will capture half of the Smart Speaker Market
Based on the Country analysis, The Global Smart Speaker Market is segmented into the United States, China, Canada, the United Kingdom, South Korea, Germany, and Japan. The United States captured the most significant share because of the rapid development of digital technology, solid economic growth, propelling market expansion in the area investments by leading market players, government programs, and increased funding for research and development efforts. Most smart speaker sales are handled by firms from the United States and account for more than two-thirds of the overall market. Amazon’s Echo/Alexa, Google Home/Google Assistant, and Apple’s Home Pod are the most popular smart speaker brands from American firms.
Asia Pacific is gaining Positive Momentum in the Forecast Period
Geographically the Global Smart Speaker industry is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America has more market share due to the region’s high purchasing power, and the region’s internet penetration is also high compared to other areas. In addition, the region is also highly urbanized, with people integrating new technologies.
In recent years, the Asia-Pacific smart speaker sector has grown significantly. The emergence of IoT and rising consumer interest in smart home technologies have been important growth factors in the region’s smart speaker industry. Companies such as Baidu, Alibaba, and Samsung have launched smart speaker devices in China and South Korea, establishing them as important participants in the smart speaker industry.
Key Company
Some major key players in the Global Smart Speaker Market include Amazon, Apple Inc., Microsoft, Google, Baidu Inc., Deutsche Telekom, Yandex, Xiaomi, Sonos, and Alibaba Group.
Xiaomi launched its innovative “own my voice” initiative in May 2022, which uses Text-To-Speech technology to assist patients with speech impairments.
Apple intends to release a new generation of its HomePod smart speaker in late 2022 or early 2023.
Renub Research’s latest report titled “Smart Speaker Market Global Forecast by Component (Software and Hardware) Platform (Amazon Alexa, Google Home, Apple Home Pod and Others) Application (Smart Home, Consumers, and Smart Office) Price Range (Low range Smart Speaker (less than $100), Mid-range Smart Speaker ($101 to 200) and Premium Smart Speaker (Above $200), Country (United State, Mainland China, United Kingdom, Germany, South Korea, Canada and Japan) Region (North America, Europe, Asia-Pacific and the Rest of the World) Company (Apple Inc., Amazon, Microsoft, Google, Baidu Inc., Deutsche Telekom, Yandex, Xiaomi, Sonos, and Alibaba Group)” current trends and analysis of the Worldwide Smart Speaker Industry.
Component:- The Global Smart Speaker Market is divided into two types:-
1. Software
2. Hardware
Platform: – The Global Smart Speaker Market is divided into four types:-
1. Amazon Alexa
2. Google Home
3. Apple Home Pod
4. Others
Application:- The Global Smart Speaker Market is divided into three types:-
1. Smart Home
2. Consumers
3. Smart Office
Price Range:- The Global Smart Speaker Market is divided into three types:-
1. Low range Smart Speaker (less than $100)
2. Mid-range Smart Speaker ($101 to 200)
3. Premium Smart Speaker (Above $200)
Country:- The Global Smart Speaker Market is divided into Seven types:-
1. United State
2. Mainland China
3. United Kingdom
4. Germany
5. South Korea
6. Canada
7. Japan
Region:- The Global Smart Speaker Market is divided into four types:-
1. North America
2. Europe
3. Asia-Pacific
4. Rest of the World
All companies have been covered from 3 viewpoints:
• Overviews
• Recent Developments
• Revenues
Company:- The Global Smart Speaker Market is divided into ten types
1. Apple Inc.
2. Amazon
3. Microsoft
4. Google
5. Baidu Inc.
6. Deutsche Telekom
7. Yandex
8. Xiaomi
9. Sonos
10. Aliababa Group
Read the full report: https://www.reportlinker.com/p06423411/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
__________________________
Artificial Intelligence
Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit
FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.
“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere.
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
Logo – https://mma.prnewswire.com/media/2519564/Aero_Design_Labs_Logo_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/aero-design-labs-receives-us-and-easa-approval-for-updated-boeing-737-800-drag-reduction-kit-302262953.html
Affordable AI-Powered Legal Solutions
HONG KONG, Sept. 30, 2024 /PRNewswire/ — DocPro Limited, a leading innovator in legal technology, has launched DocLegal.ai, a new platform designed to provide AI-powered legal assistance at an unbeatable price—less than the price of your daily coffee.
DocLegal.ai is a platform that consolidates legal document creation, editing, and review into a single interface. The platform offers the following features:
Custom Document Creation: Users can describe their scenario and receive a tailored legal document.Document Review and Editing: The AI assistant can edit, review, summarize documents, suggest clauses, and highlight potential risks.The platform is designed to provide affordable legal services to small businesses and individuals. It also aims to streamline workflows and automate routine tasks for legal professionals, enabling them to focus on high-value activities.
DocPro Limited has leveraged its experience with DocPro.com, which serves over 50,000 users globally, to develop DocLegal.ai. The company is a graduate of the Cyberport Incubation Program and is currently part of the HKSTP Incubation Program and Google for Startups Cloud Program.
As part of its soft launch, DocLegal.ai is offering exclusive access to the first 500 users for only $2.50 per document. Interested parties can Visit the DocLegal.ai website to sign up.
About DocPro Limited
Founded in 2020, DocPro Limited is a leader in the legal tech space, committed to enhancing the delivery of legal services through innovative AI-powered solutions. With platforms like DocPro.com and DocLegal.ai, DocPro empowers users to create and manage legal documents with unparalleled efficiency and precision. For more information, visit DocLegal.ai.
DocLegal.ai is poised to become an indispensable tool for anyone seeking reliable, efficient, and affordable legal documentation, reinforcing DocPro’s position as a pioneer in legal technology.
Media Enquiries:
Kim [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/docpro-limited-announces-the-launch-of-doclegalai-302260129.html
Artificial Intelligence
Amagi and Phenix Partner to Bring Next-Gen Low Latency and Seamless Ad Insertion for the Ultimate Viewer Experience
Bitmovin Complements the Partnership With Its New Player Web X, Guaranteeing Seamless, Crystal-Clear Video Playback
NEW YORK, Sept. 30, 2024 /PRNewswire/ — Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with Phenix Real Time Solutions to deliver next-generation FAST (free ad-supported streaming TV) and live events with the lowest latency available in the streaming marketplace. Amagi and Phenix will provide a complete turnkey solution for content owners to achieve real-time streaming with subsecond latency and server-side ad insertion (SSAI). By combining automation, scheduling, real-time streaming, and ad monetization, streaming customers can now deliver a “see it here first” experience, eliminate spoilers from social media, and provide a best-in-class viewing experience for their audiences.
Bitmovin adds a unique element to the mix by ensuring effortless, smooth playback on any browser, regardless of the device. Bitmovin’s open-source plugin system makes integration easy and provides the tools to maintain high-quality playback. The latest update also includes compatibility with Phenix Real-Time SSAI, combining flawless playback with real-time ad insertion.
The direct integration with Phenix now enables Amagi to output content from its Amagi CLOUDPORT automated scheduling and playout system into Phenix’s globally distributed real-time streaming network of over 34 points of presence for real-time delivery to viewers with subsecond latency. Further integration between Amagi’s Ad Tech platform and Phenix’s real-time SSAI capabilities facilitates dynamic and personalized ads while maintaining real-time playback and full compatibility with Bitmovin.
Bill Wishon, Phenix’s Chief Product Officer, stated, “Amagi has established itself as the foremost authority on FAST channel delivery. As a cloud-first company, Amagi has built itself into a pioneer in cloud technology for broadcasting and OTT. We are thrilled to join forces with them in delivering these innovative solutions.”
“Working with Phenix, the leader in real-time, scalable streaming delivery, allows Amagi to offer clients a full solution, including the industry’s first server-side ad insertion in real time. We can’t wait to see how customers deploy these workflows for next-generation OTT streaming,” said Richard Perkett, Chief Product Officer at Amagi.
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Representatives from all the companies will be attending Amagi’s LA FAST 2024 conference on Oct. 1. More information is available at www.amagi.com/events/la-fast.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About Phenix
As the leader in delivering interactive video at scale, Phenix powers innovative digital experiences that drive acquisition, engagement and retention for some of the world’s biggest brands. Its patented technology is essential for delivering content in real-time that engages audiences with interactive experiences and generates revenue for sportsbooks, sports and gaming properties as well as broadcasters with real-time video streaming to global audiences at broadcast scale. Trusted with streaming video for world-class events like The Oscars, Cheltenham Festival and the Super Bowl, Phenix brings proven experience delivering video to mass audiences for the world’s largest events.
Phenix is headquartered in Chicago, Illinois, with offices in California and Europe. More information is available on the Phenix website or follow them on Twitter and LinkedIn.
About Bitmovin
Bitmovin is the leading provider of video infrastructure for global digital media companies and service providers. The company has been at the forefront of industry innovation and all major developments in the digital video streaming industry.
Bitmovin built the world’s first commercial adaptive streaming player and deployed the first software-defined encoding service that runs on any cloud platform. Its cloud-native technology offers the most flexible and scalable media encoding, playback, and analytics solutions available with unparalleled device reach, ease of integration, and world-class customer support.
Bitmovin customers benefit from optimized operations, reduced time-to-market, and the best viewer experience possible. Bitmovin is headquartered in Denver, Colorado, and has major offices in Vienna, Klagenfurt, Austria as well as London and Berlin. The company has over 400 customers across the globe, including ClassPass, BBC, fuboTV, Hulu, and Discovery.
More information is available at www.bitmovin.com
Photo: https://mma.prnewswire.com/media/2519499/Amagi_and_Phenix_partner.jpg
View original content:https://www.prnewswire.co.uk/news-releases/amagi-and-phenix-partner-to-bring-next-gen-low-latency-and-seamless-ad-insertion-for-the-ultimate-viewer-experience-302262768.html
-
Artificial Intelligence3 days agoCluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
-
Uncategorized4 days agoMC Digital Realty wins Frost & Sullivan’s 2024 Japan Data Center Services Company of the Year Award
-
Artificial Intelligence7 days agoHuawei and Partners Jointly Release Intelligent Distribution Solution to Amplify Electric Power Intelligence
-
Artificial Intelligence4 days agoHyperlink InfoSystem Takes the Spotlight as a Top AI Development Company in USA 2024
-
Uncategorized4 days ago
Prime Minister concludes successful visit from President of France to Canada
-
Artificial Intelligence3 days agoHow AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
-
Artificial Intelligence4 days agoWondershare to Showcase Enterprise Solution Excellence at GITEX GLOBAL 2024
-
Uncategorized4 days ago
Relativity Spotlights Legal Industry Leaders at the 2024 Innovation Awards
