Middle East Smart Speaker Market (2022-2028) | Revenue, Share, Forecast, Size, Trends, Outlook, Analysis, Value, Segmentation, Industry & COVID-19 IMPACT

Middle East Smart Speaker market report comprehensively covers the market by product type, by end users, by distribution channel, by region. Middle East Smart Speaker market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Middle East Smart Speaker Market Synopsis

Smart City Projects are growing in the Middle East region owing to several initiatives from government along with rising 5G expansions which is contributing to the rising demand and ease in use of smart speakers. Additionally, government has announced various large scale infrastructure projects such as Neom city in Saudi Arabia, Jeddah Tower in Saudi Arabia, UAE’s implementation of 129 development projects from 2018-2023, and Oman’s 16 tourism project underway in North Al Batinah which are anticipated to upsurge the demand for smart speaker in forecast years due to the technological and AI advancement coupled with rising lifestyle and disposable income.

According to 6Wresearch, Middle East Smart Speaker market size is projected to grow at a CAGR of 8.0% during 2022-2028 the market was affected in 2020 by the COVID-19 pandemic, due to outbreak of coronavirus in 2020 there was a supply chain disruption and economic slowdown, that resulted in slow growth of smart speaker market of middle east. However, with resumption of the paused projects and the realisation of pent-up demand due to work from home culture, the market has started to show growth and it is expected to grow further in the upcoming years.

Market by Intelligent Virtual Assistant

By Intelligent Virtual assistant, Google assistant would continue to generate the most revenues in the middle east owing to wider language support and also it has been used by third parties like Sonos, Bose, JBL, sony etc and it is available in cost effective prices. At the second place, Alexa has generated the highest revenue and expected to grow at a highest rate in the coming years owing to the launch of amazon alexa in Arabic language in the middle east region.

Market by End Users

By end users, Residential sector generated the maximum revenue on the back of growing residential sector in the Middle East. Moreover, the demand for smart speakers would increase in the forecasted period on account of projects such as Neom City in Suadi Arabia and the development of 129 projects in UAE.

 

In the forecasted period UAE is expected to dominate Middle East smart speaker market on the back of UAE's strong economy and forthcoming luxury and smart home projects like Dubai South Properties, a brand-new master development project that would include more than 800 villas, townhouses, more than 200 waterfront mansions, and others. Moreover, evolving lifestyles, and rising disposable money will all contribute to a growth in demand for smart speakers in UAE in coming years.

Key Highlights of the Report:

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.