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Is Amazon Ready for Comcast’s Smart Home Challenge?

Naomi Gray
Updated
Is Amazon Ready for Comcast’s Smart Home Challenge?

In the United States, Amazon’s (AMZN) Echo devices make up 63% of the smart speaker market, according to Strategy Analytics. Meanwhile, Google’s (GOOGL) Home devices make up 17% of the market, and Apple’s HomePod devices make up 4.0%. Sonos (SONO) and other smart speaker vendors hold 16% of the market combined. The global smart home market was worth $24.1 billion in 2016 and is on track to hit $53.5 billion by 2022, according to forecasts by Zion Market Research.

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