Ambient Computing Market Size, Share & Trends Analysis Report 2020-2027
A new industry research report on the Global Ambient Computing Market report is published by confianza market research & business consultancy. the ambient computing market was anticipated at USD 167.5 billion by 2019 and it is expected to reach market size of USD 665.1 billion by 2027, growing at a cagr of 32.25% over the forecast period. Ther report a comprehensive outlook on the global ambient computing market by providing in-depth quantitative & qualitative analysis of the market. The quantitative analysis includes market size estimation and forecast in terms of revenue for 10 years for key ambient computing segments including technology type, End-user type, and by region and country. The qualitative insights section incorporates analysis of the ambient computing market by using various analytical tools such as Porters Analysis, PEST Analysis, Business Environmental Analysis, and Company market share analysis. The report also provides an ambient computing market share for the past 3 years.
Ambient computing / ambient intelligence consists of applications including machine learning and other types of artificial intelligence and is categorised by cognitive and behavioral capabilities and relative awareness. Ambient computing helps in analyzing data gathered through various sensors, devices that help to make the internet of things possible. The technology helps in creating a virtual environment for seamless integration of various technologies into everything around us while reducing user attention. Ambient computing is already well integrated into too many days to day tasks ranging from the smart speaker in the kitchen to chatbots, CRM systems, healthcare devices, etc. It is expected that the ambient computing capabilities of numerous devices shall act as a key differentiator for technological companies around the world.
Ambient computing is an amalgam of numerous technologies including machine learning, artificial intelligence, and the internet of things. It aims at creating an ecosystem wherein all the internet-enabled devices may synchronize and coordinate in order to create a machine environment that works without human interference. For example, imagine entering a room and all the lights are turned on automatically, the room temperature is auto-set depending on your body temperature and the surrounding, your favourite music is played automatically, all this happening in a synchronous manner, that’s Ambient computing. Most of these tasks are possible today, but they need human interaction to work, ambient computing helps in eliminating this necessity of human-machine interaction by enhancing the capabilities of machines through innovation.
For this study, UpGraph Research has segmented the ambient computing market in various types, performed primary and secondary research, expert interviews, analyzed ambient computing companies share, and collected all the necessary information that shall help us evaluate the ambient computing market.
The market has been segmented based on sensors and connectivity into sensors, actuators, and communication. Ambient computing comprises of a range of different hardware, software working simultaneously. The sensors play the most crucial role in the ambient computing ecosystem, as all the accuracy of the devices is dependant on the capability of sensors used in it.
There are different types of sensors used in ambient computing applications such as temperature sensor, magnetic sensor, proximity sensor, Accelerometer, IR Sensor (Infrared Sensor), Pressure Sensor, Light Sensor, and Ultrasonic Sensor. Actuators are the components used in various hardware that helps in movement and controlling the system. The actuator segment accounts for greater than 20% ambient computing market share.
By Device ecosystem, the market can be segmented into commercial products and industrial machinery. the commercial product segment is dominating the market as the technology implementation in consumer electronics such as lighting, speakers, refrigerator, etc. is considerably higher.
The industrial machinery segment is anticipated to grow at a higher CAGR over the forecast period, as Ambient computing is used in the industrial machinery segment for industrial automation applications. It enables process optimization and reduces operational costs considerably.
By Services, the market can be segregated into integration, orchestration, analytics, and security. The integration segment accounts for the largest market share in the ambient computing market. The whole concept of ambient computing revolves around the enhancement of user experience through the integration of various machinery.
Orchestration service involves the development and deployment of a common platform wherein all the devices can be integrated seamlessly. Analytics services involve analyzing and combining multiple datasets previously generated by various systems, this enables optimization of workflow.
By Region, North America accounted for the largest market share as most of the major ambient computing companies are from the United States. The region is a global technology hub, and the silicon valley is the source of all the ambient computing-related technologies such as machine learning, artificial intelligence, and the internet of things.
The ambient computing market is highly concentrated with top companies such as Honeywell International Inc., Ingersoll-Rand PLC, Legrand SA, Siemens AG, IBM, and Google Inc. dominating the market. Leading ambient computing companies share has grown substantially in the recent few years as the demand for associated technologies such as IoT, Machine learning is growing substantially worldwide.
|Base year for estimation||2019|
|Actual estimates/Historical data||2017 – 2019|
|Forecast period||2020 – 2027|
|Market representation||Revenue in USD Billion & CAGR from 2020 to 2027|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Country scope||U.S., Canada, UK, Germany, France, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, UAE, and KSA|
|Report coverage||Market size estimates and forecast, company market share analysis, competitive landscape, market dynamics, drivers, restraints, opportunities & challenges, qualitative analysis and trends|
|25% free customization scope (equivalent to 9 analysts working days)||Do you have any additional requirements? We can incorporate the same at no extra cost.|
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