London, 17 November 2014 – TechNavio, a tech-focused research firm has published a new report on the Global Bluetooth Speaker Market, which is expected to grow at a CAGR of 38.73 percent from 2015-2019.
The Global Bluetooth Speaker Market is witnessing an increase in R&D expenditure by vendors, thus resulting in the introduction of many innovative applications like improved battery life and better efficiency.
“Vendors are trying to attract a wider consumer base by providing a range of multipurpose Bluetooth speakers, which come in a huge variety of colors and shapes,” says Faisal Ghaus, Vice President of TechNavio.
The price of Bluetooth speakers has also declined since they were first introduced. The high growth rate and lucrativeness of the Global Bluetooth Speaker Market have caused a price war among existing vendors, which has driven down the price of the speakers.
“New vendors entering the market are offering Bluetooth speakers at a cheaper rate than the existing vendors, which is causing global vendors to reduce their prices in order to stay competitive,” says Ghaus.
According to the new report from TechNavio, the Global Bluetooth Speaker Market will be valued at more than US$7 billion by 2019.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3E%3Cstrong%3EAbout%2…
