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/* Latest M&A Activity in the Space */
=Latest M&A Activity in the Space=
Implementation of virtual personal assistants are expected to positively impact the smart speaker market growth. This technology can stream music and audio books with single voice commands. The launch of Amazon Echo has caused disruption in the market, with several other companies such as Google and Apple following suit. <br>
Multiple companies are acquiring startups. Here's the quick snapshot of the M&A activity in this space<br>* Microsoft acquired Solair IoT services based Italian company and Groove machine learning based company in 2016. Also automation technology solution company for house id8 Group R2 studio acquired in 2013.* Samsung actively acquiring Innoetics and Melaud regarding speech experts and smart headphones. Harman (audio product system), Viv (intelligent interface), Smartthings(monitor and control home) and mSpot (mobile music service and provides cloud solution) acquired by Samsung.* Apple acquired Workflow, Camel audio (provid tools for music production), Beats electronics (premium consumer headphones) and Novauris (voice recognition system)* Sony accquired Orchard music distribution, marketing and sales company* Google accquired Symphony (secure and effective communication workflow application) and Magic Leap (wearable technology and digital device solution company)
