Ambient Intelligence Market to Reach $185.5 Billion, Globally, by 2032 at 25.7%% CAGR: Allied Market Research

The growth of the global ambient intelligence market is driven by increase in demand for smart healthcare devices, development of connected and autonomous vehicles, and rise in development of advanced sensors.  

NEW CASTLE, Del., Oct. 9, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Ambient Intelligence Market by Solution (Hardware, Software, and Service) Technology (Bluetooth Low Energy, RFID, Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, and Others) End User (Residential, Retail, Healthcare, Office Building, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global ambient intelligence industry generated $19.2 billion in 2022, and is anticipated to generate $185.5 billion by 2032, witnessing a CAGR of 25.7% from 2023 to 2032.  

Ambient intelligence can make our lives easier by automating tasks and offering information and assistance as per our requirement. The popularity of ambient intelligence is increasing, owing to surge in adoption of smart homes & the development of connected and autonomous vehicles

Prime determinants of growth  

Rapid urbanization and the need for efficient city management drive the growth of the ambient intelligence market. However, lack of standardization and high capital investment are expected to hamper the market growth. However, the proliferation of Internet of Things (IoT) devices, and edge computing is anticipated to provide lucrative development opportunities for the growth of ambient intelligence market in the upcoming years. 

Download Sample Pages: https://www.alliedmarketresearch.com/request-sample/5962

Report coverage & details:

Covid-19 Scenario

• The pandemic accelerated the adoption of ambient intelligence solutions to enhance health and safety measures. Businesses, public spaces, and transportation hubs deployed AI-powered thermal cameras, occupancy sensors, and contactless solutions to monitor and enforce social distancing, mask compliance, and temperature screening. These technologies are likely to remain in use to address future health and safety concerns, providing continued opportunities for the ambient intelligence market.
•  Overall, the healthcare industry saw a surge in telemedicine adoption. Ambient Intelligence played a crucial role in remote patient monitoring, data analysis, and providing personalized healthcare services. Therefore, COVID-19 had a positive impact on the ambient intelligence industry.  

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5962

The affective computing segment to maintain its leadership status throughout the forecast period 

Based on technology, the affective computing segment held the highest market share in 2022, accounting for more than one-fifth of the global ambient intelligence market revenue, this is because consumers are increasingly looking for personalized experiences, and affective computing can help to create more tailored experiences based on individual preferences and emotional states. However, the RFID segment is projected to manifest the highest CAGR of 30.3% from 2023 to 2032, This is owing to the fact that RFID can be used to create more personalized and interactive customer experiences in retail stores. RFID tags can be used to provide customers with personalized product recommendations or to trigger interactive displays that provide additional product information.   

The healthcare segment to maintain its leadership status throughout the forecast period

Based on end user, the healthcare segment held the highest market share in 2022, accounting for nearly one-third of the global ambient intelligence market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the fact that healthcare providers are using AmI technologies to optimize hospital resources, track equipment, and manage patient flows. This enhances the efficiency of healthcare delivery, particularly in busy hospitals. However, the office building segment is projected to manifest the highest CAGR of 30.1% from 2023 to 2032. This is attributed to the fact that ambient intelligence systems enable office buildings with automated security, access control, room bookings, and energy management. AI-enabled technology also includes lighting, climate control, and surveillance systems.  

North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global ambient intelligence revenue, owing to the presence large number of key players of ambient intelligence vendors in the country, early adoption of advanced technologies, and considerable digitalization across various sectors in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 28.8% from 2023 to 2032, and is likely to dominate the market during the forecast period. This is attributed to the fact that governments and private sector stakeholders in Asia-Pacific are investing in smart transportation solutions. These include intelligent traffic management, public transportation optimization, and the development of autonomous vehicles.  

Buy this Complete Report (429 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/ambient-intelligence-market/purchase-options

Leading Market Players:

• Schneider Electric S.E.
• Siemens AG
• ABB Group
• Johnson Controls
• Infosys
• Honeywell International, Inc.
• BioIntelliSense, Inc.
• Nuance Communications, Inc.
• Eyeris Technologies, Inc.
• Accel Robotics

The report provides a detailed analysis of these key players of the global ambient intelligence market. These players have adopted different strategies such as partnership, product launch, and expansion 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.

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

Trending Reports in ICT & Media Industry:

AI in Medical Imaging Market Expected to Reach $29.8 Billion by 2032

Community Cloud Market Expected to Reach $82.9 Billion by 2032

Cloud Artificial Intelligence Market Expected to Reach $887 Billion by 2032

Commerce Cloud Market Expected to Reach $138.2 Billion by 2032

Computer Vision Market Expected to Reach $82.1 Billion by 2032

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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.

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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:

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

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