Connect with us

Technology

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

Published

on

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.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/wireless-stereo-headset-market-to-reach-173-1-billion-globally-by-2033-at-15-1-cagr-allied-market-research-302219789.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Judopay leaps across the pond, bringing its mobile payment services to North America.

Published

on

By

Judopay, the UK’s go-to mobile payments provider, is now making waves across the Atlantic. Backed by its powerful partner network, Judopay is bringing its seamless in-app and online services to the complex payment landscape of North America.

LONDON, Nov. 14, 2024 /PRNewswire-PRWeb/ — Judopay, the UK’s go-to mobile payments provider, is now making waves across the Atlantic. Backed by its powerful partner network, Judopay is bringing its seamless in-app and online services to the complex payment landscape of North America.

Joe Perry, Chief Customer Officer at Judopay, shared his excitement, “Our entry into this new market is about meeting the growing demand for seamless, mobile-first payments that breaks down geographical barriers. Something today’s consumers expect.”

This year alone, digital payments in North America are set to hit a staggering $3.3 trillion. Judopay’s expansion is set to enable its existing and prospective client base to tap into massive revenue opportunities and make a splash in a brand-new market.

Judopay’s connections will now make it even easier for merchants to go state-side. North America, once seen as lagging behind its European counterparts when it came to adopting digital payments, is catching up fast. The Payments and Commerce Market Intelligence (PCMI) forecasted that by 2026, digital wallets will reach a 41% share of the ecommerce market (versus 39% in cards) with Apple Pay and Google Pay spearheading that growth. And now, Judopay’s mobile-first approach is stepping in to keep things moving smoothly.

Joe Perry, Chief Customer Officer at Judopay, shared his excitement, “North America is now steaming ahead when it comes to app and ecommerce, and we’re excited to dive in. Our entry into this new market is about meeting the growing demand for seamless, mobile-first payments that breaks down geographical barriers. Something today’s consumers expect.

We’re focused on helping our customers go global whilst bringing our game-changing tech and innovation to North American consumers. Hand-in-hand with our partner network, we’re simplifying the payment process for all.”

As part of its North American launch, Judopay is also actively partnering with software platforms across the retail, hospitality, and mobility industry, allowing them to add innovative payment technology to their core offering.

About Judopay:

Judopay is the UK’s leading mobile payments provider. Born out of the frustration with friction-filled checkouts, we built a flexible solution designed to securely drive sales and improve the customer experience. Now wholly owned by Fabrick S.p.A., part of the Banca Sella Group, Judopay is continually building ways to enhance the overall payment experience for merchants and customers alike. Available across multiple sectors, their solution is used by KFC, Uber subsidiary Autocab, PaybyPhone, Sigma Sports, BUPA, Hiscox, Foxtons and many more.

For more information about Judopay and its services, visit www.judopay.com.

Media Contact

Jessica Carroll, Judopay, 44 20 3503 0600, jessica.carroll@judopay.com, https://www.judopay.com/

View original content to download multimedia:https://www.prweb.com/releases/judopay-leaps-across-the-pond-bringing-its-mobile-payment-services-to-north-america-302305466.html

SOURCE Judopay; Judopay

Continue Reading

Technology

Whatfix Recognized as a Digital Adoption Platform (DAP) Leader for the Fifth Consecutive Year and a Star Performer for the Third Year

Published

on

By

– 2024 PEAK Matrix® Assessment Features Whatfix as a Leader in the Inaugural Regional Reports for North America and Europe

– Strengthens Leadership Position with One of the Highest Scores in Buyer Satisfaction, Value Delivered, Market Presence, and AI Innovation

SAN JOSE, Calif., Nov. 14, 2024 /PRNewswire/ — Whatfix, a global leader among digital adoption platforms (DAPs), today announced that the company has been recognized as a Leader for the fifth consecutive year and a Star Performer for the third year and second consecutive year in the Everest Group Digital Adoption Platform (DAP) PEAK Matrix® Assessment 2024. Whatfix is also recognized as a Leader in the inaugural regional reports for North America and Europe in the DAP category. The Everest Group PEAK Matrix®, a trusted framework for assessing market impact, vision, and capabilities, evaluated 25 DAP software providers in its 2024 report, helping enterprises make well-informed purchasing decisions.

Whatfix has showcased remarkable capability and impact in the digital adoption landscape, achieving top scores in portfolio mix, value delivered, vision and strategy, implementations and support, and engagement and commercial model. Whatfix was selected as one of only three DAP technology providers to receive the “Leader” title based on an evaluation of its vision and capabilities as well as market impact, including value delivered to clients. The company was also one of only four Star Performers, achieving one of the highest scores for value delivered and buyer satisfaction. Its strong market presence, extensive lifecycle expertise, and advanced AI-driven innovations underscore Whatfix’s role in providing exceptional value to clients. This progress in the yearly recognition underscores Whatfix’s consistent industry leadership, impressive year-over-year growth, and unwavering commitment to driving innovation that is shaping the future of the DAP category.

“Whatfix’s deep expertise in driving digital adoption has been crucial to its success, as evidenced by its recognition as a Leader and Star Performer in the global Digital Adoption Platforms (DAP) PEAK Matrix® Assessment 2024,” says Sharath Hari N, Vice President at Everest Group. “This highlights Whatfix’s multi-product strategy, including advanced product analytics, which effectively addresses adoption challenges throughout the application lifecycle. Their extensive global reach allows them to serve a wide range of industries, while advancements in AI significantly enhance user experiences. The Rise 2 Excellence Partner Program further empowers partners to boost sales and customer success. With a continued focus on user experience and robust customer support, Whatfix is well-positioned to maintain its leadership in the rapidly evolving DAP market.”

Key factors contributing to Whatfix’s recognition include:

Multi-Product Strategy & Global Presence: Whatfix employs a multi-product strategy to effectively address adoption challenges throughout the entire application lifecycle. Its extensive global footprint enables the company to serve clients across a wide variety of industries. Whatfix has recorded the highest growth rate in DAP revenue, maintaining its market momentum and positioning itself among the top providers by market share in key industry verticals and regions.Expansion of the Product Suite: Whatfix is broadening its product offerings to target different aspects of an application lifecycle, including Mirror, its application simulation tool that provides a secure, hyper-realistic setting for users to practice and master new tools without affecting live systems. It also provides product analytics that encompasses both product and guidance analytics, as well as Enterprise Insights. The distinctive Ask Whatfix AI feature further sets it apart by translating natural language inquiries into insightful trend visualizations, simplifying the decision-making process. To enhance collaboration among content creators, it has introduced Comments, allowing users to tag colleagues and share links to pages. Whatfix supports a robust content lifecycle management system, offering various environments for creating and testing walkthroughs before publication. It has implemented visibility rules within the editor that allow precise control over when, where, and to whom the content is displayed, enhancing the overall user experience through behavioral targeting informed by product analytics.AI & GenAI-Driven Enhancements: As a leader in AI advancements, Whatfix utilizes AI and GenAI to improve its product functionalities, such as generating summarized responses to user queries, auto-filling text fields, elaborating text, and delivering real-time insights into user satisfaction through survey analysis.Dual Data Center Disaster Recovery for Seamless Operations: Whatfix is distinguished by its strong disaster recovery capabilities, operating two identical data center infrastructures simultaneously. In the event of a disruption in one data center, the other takes over seamlessly, guaranteeing zero downtime and uninterrupted operations. Organizations with data security and privacy concerns will appreciate Whatfix’s flexible deployment options, which include on-premises, private cloud, and hybrid hosting solutions.Commitment to Customer Satisfaction and User Support: Whatfix is consistently recognized for its responsive customer service, comprehensive platform functionalities, and valuable analytics, with clients highlighting these as primary strengths. The company achieved one of the highest scores for buyer satisfaction and value delivered in 2023. Its robust support for mobile and desktop applications, including virtual desktop solutions on Citrix, differentiates it in the market.

“Our continued recognition by Everest Group reaffirms Whatfix’s position as a leader in the DAP space. Our customer-first approach and relentless focus on innovation beyond DAP has enabled us to deliver unparalleled value to global enterprises worldwide,” said Khadim Batti, CEO and co-founder of Whatfix. “We’re proud to offer a solution that empowers organizations to drive user adoption, maximize their technology investments and enhance user productivity.”

This recognition comes on the heels of Whatfix’s recent $125 million Series E funding, which is driving the company’s efforts to enhance its integrated product suite beyond DAP through both organic growth and strategic acquisitions. With this momentum, Whatfix will further solidify its market presence in the US, EMEA, and APAC regions, expand into the Middle East, and strengthen its position within the global public sector.

Click here to read the Everest Group Digital Adoption Platform (DAP) PEAK Matrix® Assessment 2024.

About Whatfix
Whatfix is advancing the “userization” of application technology, by empowering companies to maximize the ROI of digital investments across the application lifecycle. Powered by GenAI, Whatfix’s product suite includes a digital adoption platform, simulated application environments for hands-on training, and no-code application analytics. Whatfix enables organizations to drive user productivity, ensure process compliance, and improve user experience of internal and customer-facing applications. With seven offices across the US, India, UK, Germany, Singapore, and Australia, Whatfix supports 700+ enterprises, including 80+ Fortune 500s like Shell, Microsoft, Schneider Electric, UPS Supply Chain Solutions, and Genuine Parts Company. Backed by investors such as Warburg Pincus, Softbank Vision Fund 2, Dragoneer, Peak XV Partners, Eight Roads, and Cisco Investments, software clicks with Whatfix. For more information, visit the Whatfix website.

Media Contact
whatfix@luminapr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/whatfix-recognized-as-a-digital-adoption-platform-dap-leader-for-the-fifth-consecutive-year-and-a-star-performer-for-the-third-year-302305306.html

SOURCE Whatfix

Continue Reading

Technology

Sonepar’s North American Expansion Brings over $2B in Additional Revenue

Published

on

By

Acquisition growth in 2024 includes 7 companies, 1700 new associates and 89 new branches

CHARLESTON, S.C., Nov. 14, 2024 /PRNewswire/ — 2024 has been a transformative year for Sonepar as it continues to focus on strategic growth. Since 2021, Sonepar has closed 21 acquisitions in North America. The acquisition growth alone in 2024 consists of seven companies representing over $2B in additional revenue, approximately 1,700 new associates, and 89 new branches. Sonepar’s North American acquisition strategy is key to the global success of the Sonepar Group.

Sonepar’s mission is to continue as the strongest and most dynamic electrical distribution network across the entirety of North America. It seeks to combine local sales excellence with significant regional and global investments and capabilities to provide customers with the best distribution experience and associates with the most opportunities to succeed.

Philippe Delpech, President & CEO of Sonepar, commented:

North America is our largest market, where Sonepar leads in building and industrial verticals serving customers with a best-in-class level of service. With 36 billion dollars in sales in 2023, Sonepar is the world leader in B2B electrical distribution of products and services, deploying a global automated supply chain and a proprietary omnichannel digital platform called Spark. Today, the USA is leading in size, processes, technology, and workforce quality. We welcome the more than 1,700 associates who joined the Sonepar family through these seven acquisitions and are already working on combining our strengths for the benefit of customers, suppliers and associates.”

Rob Taylor, President of Sonepar Americas, said:

“Each acquisition is carefully considered, and we look to partner with the best local and regional distributors, which share our values and desire to grow. We truly believe that acquisitions are a strategic partnership that benefits all parties. We work closely with the leadership of companies we engage with to understand what makes them a success, with the goal of enhancing the local go-to-market approach and culture with significant investment and new capabilities. This strategy will continue to be an important focus for Sonepar across the Americas.”

The statistics regarding Sonepar’s investments in North America are striking. Sonepar has added numerous automated distribution centers and significantly increased its density branch network, now serving every province, territory and state in North America out of 548 total branches. It has also added new service offerings like panel shop design and assembly capabilities, and expanded expertise and product offerings in the solar and EV, industrial, broadband and utility segments. Sonepar’s digital solutions such as Spark and the Digital Job Center are best-in-class, offering customers a seamless digital experience.

Sonepar will continue to grow organically and through acquisitions and make significant investments across its entire business.

About Sonepar

Sonepar is an independent family-owned company standing as the world leader in B-to-B distribution of electrical equipment, solutions, and services. In 2023, Sonepar achieved global sales of $36 billion.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sonepars-north-american-expansion-brings-over-2b-in-additional-revenue-302305127.html

SOURCE Sonepar

Continue Reading

Trending