Voice Controlled Devices Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, UK, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 152 SKU: IRTNTR76850

Voice Controlled Devices Market 2024-2028 

The voice controlled devices market size is estimated to grow at a CAGR of 23.07% between 2023 and 2028. The market size is forecast to increase by USD 10.51 billion. The growth of the market depends on several factors, including convenience and improved user experience, the rise in digital transformation initiatives, and the rising tendency to use smart controlled devices. A voice-controlled device is an electronic device that can respond to and execute commands that are given verbally. These devices utilize speech recognition technology to comprehend and interpret human speech, convert it into written language, and then carry out various tasks or activities in response to voice commands.

The report includes a comprehensive outlook on the Voice Controlled Devices Market, offering forecasts for the industry segmented by Component , which comprises hardware and software. Additionally, it categorizes Distribution Channel into offline and online, and covers Geography regions, including North America, APAC, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the size of the Voice Controlled Devices Market During the Forecast Period?

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Voice Controlled Devices Market Overview

Driver

Convenience and improved user experience is the key factor driving market growth. Voice-controlled devices provide users with the ability to interact with technology with ease, allowing them to carry out their daily activities conveniently and efficiently. Through voice control, users can execute commands without the need to navigate complicated environments or operate devices manually. Devices such as smartphones, smart speakers, and smart home appliances provide hands-free control, which facilitates multi-tasking. 

In addition, voice control improves the user experience by offering a more natural and user-friendly interface. Voice assistants such as Siri, Alexa, and Google Assistant comprehend and react to human speech, providing personalized assistance and information to users. Thus, such factors will propel the growth of the market during the forecast period.

Trends

The rising popularity of voice e-commerce is the primary trend shaping market growth. The concept of voice commerce is gaining popularity across the globe. Voice commerce is a technology that provides an alternative to using a keyboard and mouse or smartphone to order and purchase products online. Consumers can give voice commands to smart speaker-enabled virtual assistants such as Google Assistant or Amazon Alexa to search for and buy products online.

Moreover, consumers prefer voice commerce over traditional input methods due to advantages such as hands-free operation, the ability to order when multi-tasking, and faster responses and results. In addition, online purchases are made easier with the innovative options present in smart speakers. Therefore, the increasing popularity of voice commerce will be a major trend driving the demand for voice-based user interfaces, which, in turn, will fuel the growth of the market during the forecast period. 

Restrain

Issues related to user privacy and cybersecurity threats is a challenge that affects market growth. In many countries, network security in high-security zones is assumed to pose a high national security risk as these network areas may be the target of terrorist attacks. Using voice-based user interfaces over mobile and cloud networks can lead to cybersecurity and data breach issues due to increased data-sharing over the network. In addition, some nations have restricted a few application areas of voice-controlled devices, including vehicle and infrastructure communication, due to security concerns. 

Furthermore, voice-controlled devices can be a potential target for hackers, as their systems are controlled by machine intelligence and sensors that use the Internet. Therefore, the threat of hacking into such network systems is high. Therefore, such factors may impede the growth of the global voice controlled devices market during the forecast period.

Voice Controlled Devices Market Segmentation By Component

The market share growth by the hardware segment will be significant during the forecast period. Voice-enabled devices use advanced technology to incorporate voice recognition and natural language processing (NLP). Some of the hardware components in voice-controlled devices are microphones, speakers, processors, memory, and connection modules. Microphones are essential for voice-controlled devices to interpret voice commands and respond to these user commands accurately.

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The hardware segment showed a gradual increase in the market share of USD 1.73 billion in 2018. Speakers are essential to enhance the user experience, as they provide clear and easily understandable output. Memory is essential for storing data, including user preferences and app-specific information. Furthermore, voice-controlled device that has sufficient memory ensures its smooth operation and faster access to the stored data, thus improving the user experience. Thus, such factors will drive the growth of the market through the hardware segment during the forecast period.

Voice Controlled Devices Market Segmentation By Distribution Channel

The offline distribution channel includes the sale of such devices through traditional retail stores rather than through online platforms. One of the main benefits of the offline distribution channel is the ability for consumers to interact with the devices in a physical environment prior to making a purchasing decision. Such hands-on experience enables consumers to gain a better understanding of the device features, capabilities, and user-friendliness, which can be decisive factors in their decision-making process. Furthermore, offline channels provide a more personalized and interactive purchasing experience. Thus, such factors will drive the growth of the global voice controlled devices market via the offline segment during the forecast period.

Regional Overview

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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada are the primary sources of revenue for the voice controlled devices market in the region. Major end-user industries in this region, such as automotive, retail, healthcare, education, media and entertainment, hospitality, and banking, financial services, and insurance (BFSI), are increasingly incorporating voice-based user interfaces into their operations in order to gain competitive advantages in the market and enhance the efficiency of their operations.

Additionally, the presence of a well-established market players base, such as Amazon, Google LLC, and Apple Inc., in North America, especially in the US, and the innovative and customized offerings provided by them for various end-user industries such as BFSI are driving the growth of the market in the region. Hence, such factors are expected to drive market growth in this region during the forecast period.  

Voice Controlled Devices Market Customer Landscape

The Voice Controlled Devices Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Voice Controlled Devices Market Customer Landscape

Who are the Major Voice Controlled Devices Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • ABB Ltd.: The company offers voice controlled devices such as Busch-VoiceControl KNX, used to voice command switches, dimmers, blinds of thermostat, and other home smart devices.
  • Alphabet Inc.: The company offers voice controlled device such as Google Voice Access app, for customers voice to open apps, navigate, and edit text hands-free.
  • Amazon.com Inc.: The company offers voice controlled devices such as Alexa, which is a virtual assistant technology used for voice commands and control smart devices.

The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:??????

  • Digi International Inc.
  • Microsoft Corp.
  • Samsung Electronics Co. Ltd.
  • Sony Group Corp.
  • STMicroelectronics International N.V.
  • Xiaomi Communications Co. Ltd.
  • Pebble

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The voice controlled devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • Component Outlook
    • Hardware
    • Software
  • Distribution Channel Outlook
    • Offline
    • Online
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Voice Controlled Devices Market Scope

Report Coverage

Details

Page number

152

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 23.07%

Market Growth 2024-2028

USD 10.51 billion

Market structure

Concentrated

YoY growth 2023-2024(%)

22.55

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Alphabet Inc., Amazon.com Inc., Digi International Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Sony Group Corp., STMicroelectronics International N.V., Xiaomi Communications Co. Ltd., and Pebble

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Voice Controlled Devices Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global voice controlled devices market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global voice controlled devices market 2018 - 2022 ($ billion)
    • 4.2 Component Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Component Segment 2018 - 2022 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Component - Market share 2023-2028 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Hardware - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 6.4 Software - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Component
      • Exhibit 42: Market opportunity by Component ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Component ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 44: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 46: Chart on Comparison by Distribution Channel
      • Exhibit 47: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 7.4 Online - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 56: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 111: ABB Ltd. - Overview
              • Exhibit 112: ABB Ltd. - Business segments
              • Exhibit 113: ABB Ltd. - Key news
              • Exhibit 114: ABB Ltd. - Key offerings
              • Exhibit 115: ABB Ltd. - Segment focus
            • 12.4 Alphabet Inc.
              • Exhibit 116: Alphabet Inc. - Overview
              • Exhibit 117: Alphabet Inc. - Business segments
              • Exhibit 118: Alphabet Inc. - Key news
              • Exhibit 119: Alphabet Inc. - Key offerings
              • Exhibit 120: Alphabet Inc. - Segment focus
            • 12.5 Amazon.com Inc.
              • Exhibit 121: Amazon.com Inc. - Overview
              • Exhibit 122: Amazon.com Inc. - Business segments
              • Exhibit 123: Amazon.com Inc. - Key news
              • Exhibit 124: Amazon.com Inc. - Key offerings
              • Exhibit 125: Amazon.com Inc. - Segment focus
            • 12.6 Digi International Inc.
              • Exhibit 126: Digi International Inc. - Overview
              • Exhibit 127: Digi International Inc. - Business segments
              • Exhibit 128: Digi International Inc. - Key news
              • Exhibit 129: Digi International Inc. - Key offerings
              • Exhibit 130: Digi International Inc. - Segment focus
            • 12.7 Microsoft Corp.
              • Exhibit 131: Microsoft Corp. - Overview
              • Exhibit 132: Microsoft Corp. - Business segments
              • Exhibit 133: Microsoft Corp. - Key news
              • Exhibit 134: Microsoft Corp. - Key offerings
              • Exhibit 135: Microsoft Corp. - Segment focus
            • 12.8 Pebble
              • Exhibit 136: Pebble - Overview
              • Exhibit 137: Pebble - Product / Service
              • Exhibit 138: Pebble - Key offerings
            • 12.9 Samsung Electronics Co. Ltd.
              • Exhibit 139: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 140: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 141: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 142: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 143: Samsung Electronics Co. Ltd. - Segment focus
            • 12.10 Sony Group Corp.
              • Exhibit 144: Sony Group Corp. - Overview
              • Exhibit 145: Sony Group Corp. - Business segments
              • Exhibit 146: Sony Group Corp. - Key news
              • Exhibit 147: Sony Group Corp. - Key offerings
              • Exhibit 148: Sony Group Corp. - Segment focus
            • 12.11 STMicroelectronics International N.V.
              • Exhibit 149: STMicroelectronics International N.V. - Overview
              • Exhibit 150: STMicroelectronics International N.V. - Business segments
              • Exhibit 151: STMicroelectronics International N.V. - Key news
              • Exhibit 152: STMicroelectronics International N.V. - Key offerings
              • Exhibit 153: STMicroelectronics International N.V. - Segment focus
            • 12.12 Xiaomi Communications Co. Ltd.
              • Exhibit 154: Xiaomi Communications Co. Ltd. - Overview
              • Exhibit 155: Xiaomi Communications Co. Ltd. - Business segments
              • Exhibit 156: Xiaomi Communications Co. Ltd. - Key news
              • Exhibit 157: Xiaomi Communications Co. Ltd. - Key offerings
              • Exhibit 158: Xiaomi Communications Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 159: Inclusions checklist
                • Exhibit 160: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 161: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 162: Research methodology
                • Exhibit 163: Validation techniques employed for market sizing
                • Exhibit 164: Information sources
              • 13.5 List of abbreviations
                • Exhibit 165: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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