Ambient Intelligence Market Overview
The global ambient intelligence market was valued at USD XX million in 2018 and it is anticipated to reach USD XX million in 2030, growing at a CAGR of xx% over the forecast period. Ambient Intelligence is a part of the common computing environment that usually helps in interacting and responding to humans in that environment. There are many features in ambient intelligence which include activity recognition, reasoning, and decision making. Moreover, sensor networks are basically used and utilized for data collection, and human interaction helps in natural interfaces.
It is a technology which helps in collecting and gathering digital information to make the interaction between human and computer easy, by expanding its boundaries in media and even making it available for smartphone devices and for many other modes of portable communication. It also enables computers to adapt to their user preferences.
Ambient Intelligence technology is grabbing so much attention and preference because of its application in the healthcare sector to improve various real-time solutions which include continuous health monitoring systems and even providing diagnosis on various health problems.
Furthermore, Ambient Intelligence has various applications in smart homes. Growth in smart lighting and smart homes as a combination will drive the market for Ambient Intelligence to enter in the mainstream. Also, with increased power demand, this technology is expected to drive massive investments in many developing countries.
The market can be segmented into services, hardware, and software. Ambient intelligence market offers a wide range of services, hardware, and software which makes the market stand out and to grab so much attention. The hardware segment accounted for the largest market share of greater than 40% market share in 2019. The ambient intelligence services segment is expected to emerge as the fastest-growing segment over the next decade.
The market can be segmented into Bluetooth low energy, RFID, Software agents, Nanotechnology, Biometrics, Affective computing, and others. The Bluetooth accounted for the largest market share in 2019, as it is one of the cheapest connectivity solutions available for usage in smart devices including smart lighting, smart homes, etc. The Nanotechnology segment is growing at a faster pace as companies are trying to embed advanced architecture in thee systems using nanotechnology that shall help in speeding the computational speed while reducing the size of the actual devices significantly.
End Users Insights
The market can be segmented into BFSI, Retail and E-commerce, Manufacturing, Government and Defence, Energy and Utilities, IT and Telecom, Education, Healthcare, Finance, Residential, and others. The Residential segment accounted for the largest market share followed by BFSI, IT & Telecom. Ambient intelligence is a relatively new technology, mostly in the developmental stage for various applications. AIaaS or Ambient Intelligence as a Service sector is developing newer solutions using Ambient intelligence to be applied in various industries.
Ambient Intelligence Market is inching towards success due to increasing numbers of its users and different technologies offered by them. Some of the prominent players in the market are Assisted Living Technologies Inc, ABB Group, Chubb Community Care, Caretech Ab, Honeywell International Inc, Legrand SA, Tunstall Healthcare Ltd. These players are using a number of strategies which include partnership, expansion, collaboration and many more to maintain a level in the industry.
North America is expected to be a highly attractive region contributing to the Ambient Intelligence Market with the help of the rapid technological developments and increasing smart buildings in the region. Asia Pacific region is expected to emerge as a prominent target market owing to high technological penetration, manufacturing capacity & availability of cheaper labor in the regional market.
Ambient intelligence companies covered in this report
- Assisted Living Technologies Inc
- ABB Group
- Chubb Community Care
- Caretech Ab
- Honeywell International Inc
- Legrand SA
- Tunstall Healthcare Ltd.
|The base year of estimation||2019|
|Actual estimates/ Historical data||2017-2019|
|Representation||Revenue in USD Million and CAGR from 2020 to 2030|
|Regional scope||Europe, Asia Pacific, North America, LAMEA|
|Country scope||US, Canada, Germany, France, China, Japan, Africa|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors and trends|
|15% free customization scope (equivalent to 5 analysts working days)||If you need specific information that is not currently within the report, we will provide it to you as a part of the customization|
- Component Scope
- Technology Scope
- Bluetooth low energy
- Software agents
- End Users Scope
- Retail and E-commerce
- Government and Defence
- Energy and Utilities
- IT and Telecom
- Regional Scope
- North America
- Asia Pacific
- Latin America
- Middle East Africa
- North America