Smart Speaker Race Intensifies: AMZN, GOOGL & Others to Watch
Zacks Investment Research | Jun 15, 2020 01:11AM ET
The smart speaker markethas is an attractive space due to strong consumer spending.
These speakers have been gaining traction due to a wide variety of robust features, which make them vastly superior to traditional speakers. Markedly, the ability to connect to multiple devices as well as integration of voice-assistant features makes them highly attractive for potential customers.
Moreover, advancement in Bluetooth and Wi-Fi technologies will lead to a significant improvement in connectivity which will allow speaker manufacturers to further innovate their services. This bodes well for the market’s long-term growth prospects.
Further, the surge in stay-at-home trends due to coronavirus induced lockdowns is driving demand for online streaming and education services, which in turn is expected boost momentum for wireless speakers in the near term.
This is why major tech players like Amazon Zacks Investment Research
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