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Wireless Stereo Headset Market to Reach $173.1 Billion, Globally, by 2033 at 15.1% CAGR: Allied Market Research

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The growth of wireless stereo headset market include increasing consumer demand for portable audio solutions, advancements in Bluetooth technology, rising adoption of smart devices, and the popularity of features such as noise cancellation and voice assistant integration.

WILMINGTON, Del., Aug. 12, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Wireless Stereo Headset Market by Product Type (wireless stereo earbuds, neckband headsets and over-ear headphones), Technology (Bluetooth, near field communication and radio frequency), and Application (consumer electronics, gaming headset and fitness & sports): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, The global wireless stereo headset market was valued at $42.7 billion in 2023, and is projected to reach $173.1 billion by 2033, growing at a CAGR of 15.1% from 2024 to 2033.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A07029 

Prime determinants of growth 

The growth of the wireless stereo headset market is primarily driven by several key factors. The technological advancements in wireless communication, particularly Bluetooth technology, have significantly enhanced the reliability, range, and sound quality of wireless headsets, thereby expanding their appeal to consumers. Moreover, the proliferation of smartphones and other mobile devices has spurred demand for convenient, hands-free audio solutions, fostering the adoption of wireless stereo headsets for activities such as listening to music, gaming, and making calls. In addition, the increasing consumer preference for immersive audio experiences, facilitated by features such as noise cancellation and spatial audio, has further propelled market growth. Furthermore, lifestyle trends favoring fitness and outdoor activities have boosted the demand for rugged, sweat-resistant wireless headsets suitable for active use. The integration of artificial intelligence (AI) and voice assistants into headsets has added functionality and convenience, attracting tech-savvy consumers.

Report coverage & details: 

Report Coverage 

Details             

Forecast Period 

2024–2033                               

Base Year 

2023

Market Size in 2023

$42.7 billion                  

Market Size in 2033

$173.1 Billion                

CAGR 

15.1 %

No. of Pages in Report 

246

Segments Covered 

Product Type, Technology Type, Application and Region. 

 

Drivers 

Technological AdvancementsRising Demand for Portable Audio                    

 

Opportunity

Expansion in Emerging Markets 

 

Restraints

High CostConnectivity Issues 

 

Procure Complete Report (246 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/e9880bf6d71a6beeea0c1d9fcac699f2 

Segment Highlights 

The true wireless stereo buds have high demand in wireless stereo headset market. This is due to their unmatched convenience and portability. These earbuds offer users freedom from tangled wires and are favored for their compact, lightweight design, making them ideal for active lifestyles and daily use. Advancements in Bluetooth technology, such as improved connectivity and enhanced sound quality with versions like Bluetooth 5.0 and 5.2, further bolster their appeal. TWS earbuds also come equipped with advanced features like active noise cancellation, touch controls, and seamless integration with voice assistants, catering to tech-savvy consumers seeking innovative audio solutions.

The bluetooth have high demand in wireless stereo headset market. It enables seamless connections across a wide range of devices, including smartphones, tablets, and laptops, without the need for proprietary connectors. Users benefit from the freedom of wireless connectivity, allowing them to move freely during activities such as commuting or exercising. Advancements in Bluetooth, such as Bluetooth 5.0 and beyond, have significantly improved connection stability, range, and data transfer speeds, ensuring a reliable audio experience with minimal latency. Setting up Bluetooth headsets is straightforward, often featuring simple pairing processes and automatic connection capabilities.

The consumer electronics have high demand in wireless stereo headset market. Consumer electronics are highly sought after in the wireless stereo headset market due to their versatility and integration with modern technology. These headsets cater to a broad range of everyday activities such as listening to music, watching videos, gaming, and making calls, appealing to diverse consumer preferences. Seamless integration with smartphones, tablets, and other smart devices enhances functionality with features like hands-free calling, voice assistant support, and app connectivity, providing users with enhanced convenience. Accessibility through various retail channels ensures easy availability, allowing consumers to find and purchase headsets that meet their specific needs.

Regional Outlook 

North America dominates the wireless stereo headsets market for several key reasons that underscore its leadership in the industry. The region boasts a high rate of technological adoption and innovation, with consumers eagerly embracing new audio technologies such as wireless stereo headsets. Strong consumer demand is fueled by widespread smartphone use, a growing appetite for mobile entertainment, and a preference for premium audio experiences. Major tech giants headquartered in North America, including Apple, Microsoft, Google, and Amazon, lead the industry with cutting-edge products and influential market strategies. Economic prosperity contributes to higher disposable incomes, allowing consumers to invest in advanced audio solutions.

Players: – 

Apple, Inc.Samsung ElectronicsSony CorporationBose CorporationJabraSennheiserBeats ElectronicsBose CorporationSkullcandyPlantronics

The report provides a detailed analysis of these key players in the global wireless stereo headset  market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/A07029 

Recent Developments:

In October 2021, Apple debuted the AirPods 3rd Generation, presenting a redesigned form reminiscent of the AirPods Pro but without active noise cancellation. This model boasted enhanced sound quality and support for spatial audio.In January 2021, Samsung unveiled the Galaxy Buds Pro in, highlighting features such as active noise cancellation (ANC), a sleek design, and improved sound quality, catering to users seeking top-tier wireless earbuds.

Explore AMR’s Extensive ongoing Coverage on Consumer and Goods Domain:

Wireless Headphone Market Opportunity Analysis and Industry Forecast, 2021-2031Office Headsets Market Opportunity Analysis and Industry Forecast, 2024-2033In-Ear ANC Headset Market Opportunity Analysis and Industry Forecast, 2023-2032True Wireless Bluetooth Headset Market Opportunity Analysis and Industry Forecast, 2023-2032Kid’s Earphone and Headphone Market Opportunity Analysis and Industry Forecast, 2023-2032Wireless Bluetooth Sleep Headphone Market Opportunity Analysis and Industry Forecast, 2024-2033Recording Headphone Market Opportunity Analysis and Industry Forecast, 2024-2033Office Headsets Market Opportunity Analysis and Industry Forecast, 2024-2033Headsets for PC Market Opportunity Analysis and Industry Forecast, 2023-2032Full Cup ANC Headset Market Opportunity Analysis and Industry Forecast, 2023-2032TWS Bluetooth Headset Market Opportunity Analysis and Industry Forecast, 2023-2032True Wireless Stereo (TWS) Headset Market Opportunity Analysis and Industry Forecast, 2023-2032Wireless Unified Communications Headset Market Opportunity Analysis and Industry Forecast, 2023-2032Gaming Headsets and Gaming Headphone Market Opportunity Analysis and Industry Forecast, 2023-2032

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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PolyAI partners with OpenTable to offer enterprise restaurants and diners reservation support using voice AI

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LONDON and NEW YORK, Sept. 23, 2024 /PRNewswire/ — PolyAI, a pioneer in voice AI solutions for customer experience and service, today announced a partnership with OpenTable, a global leader in restaurant technology, expanding PolyAI’s guest-led voice assistants to enterprise restaurants. Locations that opt in will be able to take reservations over the phone, answer questions, gain visibility in customer trends, and deliver on-brand experiences – all while alleviating staff time and resources.

This alliance delivers PolyAI’s lifelike voice AI to help restaurants tackle challenges around staffing and provide consistent hospitality, even off premise. In a survey conducted by the National Restaurant Association, 62% of operators said their restaurants did not have enough employees to support existing demand. With onsite staff focused on in-house patrons, restaurant groups routinely miss between 30-60% of phone calls to their front of house (per PolyAI customer data) – meaning missed revenue opportunities and equally valuable customer touch points.

Never miss another call, thanks to PolyAI and OpenTable

With this strategic partnership, OpenTable’s global network of restaurants will be able to integrate PolyAI voice assistants, built using generative AI and spoken language technologies, to assist their diners in seamlessly booking and managing reservations over the phone, during and outside of operating hours.

“We know how tightly restaurants manage their guest experience and this can be even more complex for our partners doing business at scale,” said Susan Lee, Chief Strategy Officer at OpenTable. “We have, and continue to invest in, technology that pushes boundaries and enhances hospitality and our integration with PolyAI is a new way we can drive efficiencies for our restaurants, and diners.”

For larger operators, this partnership enables numerous iterations of voice assistants to cater to the unique needs of multi-location and multi-brand portfolios, while providing PolyAI’s proven enterprise-grade assurances around availability, security and data protection.

“We have extensive experience deploying voice assistants to hundreds of locations for some of the largest restaurant groups in the world, helping operators resolve up to 70% of calls over the phone without the need for additional staff,” said Michael Chen, VP of Strategic Alliances at PolyAI. “This strong connection with the restaurant industry started right from the earliest days of PolyAI. We’re thrilled to deepen that further and work with OpenTable to help even more restaurant operators attract more diners, streamline operations and maximise revenue.”

The journey starts at the Integration Marketplace

OpenTable restaurants will be able to request an integration with PolyAI via its Integration Marketplace, which powers 150+ integrations among the most widely used restaurant software. Beyond managing reservations over the phone, PolyAI’s guest-led voice assistants also offer operators a powerful new channel for implementing consistent brand experiences that can deliver greater personalisation, more proactive revenue and upsell as well as offer new ways of collecting diner feedback and tracking customer satisfaction.

About PolyAI

PolyAI is a leading provider of AI-powered voice assistants. Their customer-led voice assistants are used across industries within global companies where B2C conversations are crucial, like Whitbread, Greene King, Caesars Entertainment and FedEx. PolyAI’s award-winning voice assistants have earned renown for their ability to understand natural language and provide quick, accurate and helpful responses. Hear more about what they’re bringing to the market by visiting poly.ai

About OpenTable

OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ:BKNG), helps more than 60,000 restaurants worldwide fill 1.7 billion seats a year.  OpenTable’s world-class technology empowers restaurants to focus on what matters most – their team, their guests, and their bottom line – while enabling diners to discover and book the perfect restaurant for every occasion.

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VeriPark Receives Microsoft Business Applications 2024/2025 Inner Circle Award and Joins Partner Advisory Council

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LONDON, Sept. 23, 2024 /PRNewswire/ — VeriPark, a Microsoft Solutions Partner in the Financial Services Industry, has been selected for the Business Applications 2024-2025 Microsoft Inner Circle and the Microsoft Financial Services Partner Advisory Council.

Participation within Inner Circle is based on sales achievements that rank VeriPark in the top echelon of Microsoft’s Business Applications global network of partners. Inner Circle members are known for performing at a high-level by delivering innovative solutions that help organizations excel.

Ozkan Erener, CEO VeriPark: “We are honored to once again be recognized by Microsoft for our commitment to driving digital transformation for our clients. Partnering closely with Microsoft allows us to harness the latest technologies to revolutionize the Financial Services Industry. This recognition highlights the success of our collaborative strategy and execution.”

VeriPark first joined Microsoft’s Inner Circle in 2011 and has since provided innovative solutions that help financial institutions achieve a competitive advantage. By leveraging Microsoft’s platform, VeriPark continues to offer unparalleled services and solutions to its clients.

“Partners achieving the Inner Circle demonstrate an exceptional impact helping customers accelerate their AI and digital transformation with Dynamics 365 and Power Platform,” said Peter Jensen, Microsoft Business Application Partner Strategy Lead. “Microsoft AI Cloud Partner Program partners who achieve the Business Application Inner Circle distinction stand out for their deep AI, Cloud and Industry knowledge.”

Additionally, VeriPark’s selection for the Financial Services Partner Advisory Council highlights its role in shaping Microsoft’s financial services strategies and product roadmaps. As a PAC member, VeriPark will provide feedback on Microsoft’s financial services solutions and gain early insights into future roadmaps.

About VeriPark 

VeriPark is a global solutions provider enabling financial institutions to become digital leaders by placing Customer Experience at the core of digital transformation. VeriPark’s Intelligent Customer Experience suite delivers world class customer journeys on digital and assisted channels.

With its main offices located in the United Kingdom, Europe, North America, Asia, Africa and the Middle East, VeriPark helps financial institutions to enhance customer acquisition, retention and cross-sell capabilities. Their proven, secure, and scalable solutions cover Customer Engagement, Omni-Channel Delivery, Branch Automation, and Loan Origination. VeriPark collaborates with clients, crafting innovative technology strategies and solutions, that impact millions of people daily, bringing the promise of digital transformation to life.

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Huawei Updates FTTO 2.0 and Releases New Scenario-based Products, Driving Campus Networks to Wi-Fi 7 Era

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SHANGHAI, Sept. 23, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei updated fiber to the office (FTTO) 2.0 and launched a series of new scenario-based products for industries such as education, healthcare, and hospitality. The next-generation green 10G all-optical network oriented to Wi-Fi 7 accelerates fiber-in copper-out and contributes to campus intelligence.

“In the Wi-Fi 7 era, Fiber-in Copper-out is a must for campus networks, and FTTO 2.0 commercial use is accelerating. Huawei is willing to work with customers and partners to seize opportunities in optical business, achieving a win-win future for campus intelligence.” noted Gavin Gu, President of Enterprise Optical Business Domain, Huawei.

Huawei’s FTTO 2.0 solution achieves a simplified architecture with the number of network layers cut from three to two, active to passive transition, 30% lower energy consumption, and 80% less cabling. Based on XGS-PON Pro and Wi-Fi 7 technologies, this solution supports 12.5G/25Gbps to rooms, 10Gbps to APs, and 2.5Gbps to desktops. The hard slicing technology enables multiple services to be carried over one network, reducing the TCO by 30%. This helps enterprises build green, ultra-broadband, and simplified campus networks.

At the session, Huawei released a selection of FTTO 2.0 products for various scenarios and industries.

In the education industry, Huawei launched the industry’s first high-density ultra-10G optical terminal Huawei OptiXstar P884E for smart classrooms. Meeting the requirements of high-density and high-bandwidth access scenarios, this product implements 12.5G/25Gbps to classrooms and 2.5Gbps to desktops. For dormitories, Huawei launched the industry’s first 8-port Wi-Fi 7 optical AP OptiXstar W617E, which supports unified wired and wireless access for a room with 8 students. For education metro networks, Huawei launched the edge optical gateway Huawei OptiXstar E853E. Supporting remote PON port deployment, closed-loop local service forwarding, and flexible configuration, the Huawei OptiXstar E853E meets the access requirements of all services in campuses such as primary schools and kindergartens.

For hospital wards, Huawei launched the industry’s first 10G ceiling-mounted Wi-Fi 7 optical AP Huawei OptiXstar W817C, whose seamless roaming technology enables mobile ward rounds.

For hotels, Huawei launched the next-generation three-in-one Wi-Fi 7 optical AP Huawei OptiXstar W827E-3, which supports unified access of wired, wireless, and telephone services so that one ONT can carry all services in each guest room over one fiber. In this way, it provides ultimate Wi-Fi 7 network experience at a lower cost and improves the positive feedback rate of guests.

For factory workshops, Huawei launched the small-sized industrial optical terminal Huawei OptiXstar T602E, which supports guide rail installation and fiber to the machine without extra cabinets, allowing for flexible capacity expansion. By helping to build a reliable and flexible advanced industrial network for smart factories, the product improves the quality and efficiency of factory production.

Huawei’s FTTO solution has been put into commercial use in more than 9000 campuses around the world. In addition, Huawei’s 50G POL solution that supports hard slicing has also been put into commercial use.

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SOURCE Huawei

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