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Global Smart Speaker Market Analysis, Size, Forecast Report 2023: A $27.92 Billion Market by 2028 Featuring Amazon, Apple, Microsoft, Google, Baidu, Deutsche Telekom, Yandex, Xiaomi, Sonos, & Alibaba

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Dublin, March 27, 2023 (GLOBE NEWSWIRE) — The “Smart Speaker Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offering.

Global Smart Speaker Market will reach US$ 27.92 Billion by 2028 US$ 10.34 Billion in 2022, growing at a CAGR of 18% from 2022 to 2028

A smart speaker is a voice-activated device and loudspeaker with an integrated virtual assistant that provides interactive actions and hands-free activation. Smart speakers are gaining massive popularity due to several new features that have made lives easier and trouble-free. 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.

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.

Software Component will hold the Maximum Revenue in the Forecast Period

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

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 Analysis

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.

Key Attributes:

Report Attribute Details
No. of Pages 180
Forecast Period 2022 – 2028
Estimated Market Value (USD) in 2022 $10.34 Billion
Forecasted Market Value (USD) by 2028 $27.92 Billion
Compound Annual Growth Rate 18.0%
Regions Covered Global

Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
4.3 Opportunities

5. Global Smart Speaker Market

6. Market Share – Global Smart Speaker Market
6.1 By Component
6.2 By Platform
6.3 By Application
6.4 By Price Range
6.5 By Country
6.6 By Region

7. Component – Global Smart Speaker Market
7.1 Software
7.2 Hardware

8. Platform – Global Smart Speaker Market
8.1 Amazon Alexa
8.2 Google Home
8.3 Apple HomePod
8.4 Others

9. Application – Global Smart Speaker Market
9.1 Smart Home
9.2 Consumers
9.3 Smart Office

10. Price Range – Global Smart Speaker Market
10.1 Low-range Smart Speaker (Less than $100)
10.2 Mid-range Smart Speaker ($101 to 200)
10.3 Premium Smart Speaker (Above $200)

11. Countries – Global Smart Speaker Market
11.1 United States
11.2 Mainland China
11.3 United Kingdom
11.4 Germany
11.5 South Korea
11.6 Canada
11.7 Japan

12. Region – Global Smart Speaker Market
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Rest of the World

13. Mergers and acquisitions

14. Company Analysis
14.1 Apple Inc.
14.1.1 Overview
14.1.2 Recent Development
14.1.3 Revenue
14.2 Amazon
14.3 Microsoft
14.4 Google
14.5 Baidu Inc.
14.6 Deutsche Telekom
14.7 Yandex
14.8 Xiaomi
14.9 Sonos
14.10 Alibaba Group

For more information about this report visit https://www.researchandmarkets.com/r/442hvj

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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