Global Smart Speaker Sales to Reach $10.3 Billion by 2026, Transparency Market Research Reports

The hardware segment of the global smart speaker market is expected to top $10.3 billion by 2026, growing at an 18 percent compound annual growth rate (CAGR), Transparency Market Research reported Friday. Among voice assistants, Amazon Alexa is forecast to hold the majority market share at 55 percent by 2026, while Google Assistant is expected to experience the most growth at a 19 percent CAGR. E-commerce will dominate distribution for smart speakers, said the report.