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MarketersMEDIA / Newsroom / Bluetooth Speaker Market To Grow At 32.81% CAGR Driven By Smart Homes To 2020

Bluetooth Speaker Market To Grow At 32.81% CAGR Driven By Smart Homes To 2020

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RnRMarketResearch.com adds Global Bluetooth Speaker Market 2016-2020 latest research report, the analysts forecast the global bluetooth speaker market to grow at a CAGR of 32.81% during the period 2016-2020.

— The global bluetooth speaker market analyst says growing popularity of multi-room streaming is a key trend in this market. The advent of networked audio means the removal of much of the efforts, expense, and time, as all the audio devices are wirelessly connected with technologies such as Bluetooth, Wi-Fi, or AirPlay. These technologies help separate a system's physical and logical connections, which further means that a single network carries multiple channels, making it possible to make infrastructure changes relatively cheaply, quickly and inexpensively. The growing trend of maintaining speakers in all the rooms is expediting the growth of the Bluetooth speakers market.

Complete report on bluetooth speaker market spread across 55 pages, analyzing 5 major companies and providing 30 data exhibits is now available at http://www.rnrmarketresearch.com/global-bluetooth-speaker-market-2016-2020-market-report.html

According to the 2016 bluetooth speaker market report, wireless streaming of audio content is one of the major factors driving the sale of Bluetooth speakers globally. Modern devices like laptops, smartphones, and tablets are equipped with Wi-Fi and Bluetooth connectivity enabling impressive streaming of content, which is another driving factor supporting the growth of the bluetooth speaker market.

The demand for Bluetooth speakers is stimulated by an increase in the number of smart homes across the globe. Smart homes connect all consumer electronic devices, media and entertainment gadgets, and other smart electronics to a home network and interact with each other. Bluetooth speakers enable the communication between networked devices on the home network and allow easy streaming of content such as music and videos. In 2015, the Americas led the global Bluetooth speaker market by accounting for a market share of more than 37%. The ASP of Bluetooth speakers is higher in the Americas than in other regions as consumers are opting for premium brands of speakers, resulting in a higher revenue share. Order a copy of Global Bluetooth Speaker Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=635384

Vendors in the global Bluetooth speakers market are focusing largely on developing their existing products with new technologies to improve quality and experience to gain market shares and stay ahead in the competitive market. Innovations in technology are resulting in the merging of woofers, tweeters, and separate sound systems into one single body that offers premium sound quality and audio experience to the users.

The following companies are the key players in the global bluetooth speaker market: Beats Electronics, Bose, Harman, Samsung, and Sony. Other prominent vendors in bluetooth speaker market are: Altec Lansing, Avnera, Braven, Cambridge SoundWorks, Creative Technology, Denon Electronics, Jawbone, JBL, JVC Kenwood, LG Electronics, Logitech, Panasonic, Koninklijke Philips, Pioneer, Plantronics, Sennheiser, Sharp, Shure, Sonos, Supersonic, Voxx, and Yamaha.

Global Bluetooth Speaker Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the the global bluetooth speaker market for 2016-2020. To calculate the market size, the report considers the generated from the sales of bluetooth speakers.

Another related report is Global Disc Jockey Consoles Market 2016-2020, a key growth driver is the increased demand for live events. The passion for music among younger generation has contributed to the growing demand for live events. The growing preference for live events and EDM has led to an increase in the number of DJs around the world. Browse complete report @ http://www.rnrmarketresearch.com/global-disc-jockey-consoles-market-2016-2020-market-report.html

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Name: Ritesh Tiwari
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Organization: RnRMarketResearch
Website: http://www.rnrmarketresearch.com/global-bluetooth-speaker-market-2016-2020-market-report.html

Source URL: https://marketersmedia.com/bluetooth-speaker-market-to-grow-at-32-81-cagr-driven-by-smart-homes-to-2020/124057

Source: MarketersMEDIA

Release ID: 124057

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