New Juniper Research Report Forecasts Smart Audio Hardware Revenues to Grow by Over 300% in the Next 5 Years

A new report by Juniper Research predicts that revenues from smart audio devices like the Amazon Echo and Sonos One will grow from an estimated $2.5 billion in 2017 to over $10 billion by 2022, as more audio brands integrate voice assistants into their devices. With competition heating up in the smart speaker space, the new research, "Smart Audio Devices: Strategies & Forecasts 2017-2022", looks at Amazon’s main challengers.

Google is all-in in its determination to compete with Amazon, Apple and everyone else on the hardware front. On the same day, Google unveiled its second-generation family of consumer hardware products, including new Pixel 2 smartphones, Google Home Mini and Max smart speakers, an all-new Pixelbook tablet/laptop, Google Pixel Buds wireless earbuds, and more. No longer releasing "reference hardware" for its software ecosystem, Google is apparently determined to emulate Apple's successful strategy.