Ambient Intelligence Market Growth & Trends
The Global Ambient Intelligence Market size is expected to reach USD 130.65 Billion by 2027, growing at a CAGR of 18.41% between 2020 to 2027 as per the new research report published by UpGraph Research. The growth can be attributed to increasing adoption of technologies such as machine learning, artificial intelligence in recent years the adoption of Ambient Intelligence has increased in various applications such as residential, commercial, industrial among others.
Ambient intelligence carries cleverness to our everyday environments and makes those environments subtle to us. The motto of this technology is to make the workplace and places we live in more advantageous to us. The successful Ambient Intelligence mostly depends on the technology such as, sensors and devices interconnected through networks and on the intelligence of the software which is used for decision-making.
Ambient intelligence offers various benefits such as convenience, possibilities for increased safety, security, and entertainment, time, and cost savings. This technology has the prospective to expressively have an impact on business and government processes, as well as private life. The objective of Ambient intelligence is to increase the interaction between human beings and the digital world through the use of abundant computing devices.
North America ambient intelligence market dominated the market in 2019, the growth can be attributed to rapid technological developments and increasing demand for 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 Market Report Insights
- Ambient intelligence market was valued at USD 18.20 Billion in 2019, the market is expected to witness growth at CAGR of 18.41% between 2020 to 2027.
- The hardware segment accounted for greater than 40% ambient intelligence market share in 2019.
- By technology type, Bluetooth accounted for the largest market size in 2019.
- The residential segment is leading the Ambient intelligence market growth in 2019, the IT & Telecom segment is expected to grow at the fastest CAGR over the forecast period.
- Asia Pacific region to witness exponential growth in upcoming years owing to increasing regional demand for smart homes.
Ambient Intelligence Market Segmentation
UpGraph Research segmented the Global ambient intelligence market based on component, technology, industry vertical, and regional segments as mentioned below:
- Ambient Intelligence Component Overview
- Ambient Intelligence Technology Overview
- Bluetooth Low Energy
- Software Agents
- Affective Computing
- Ambient Intelligence Industry Vertical Overview
- Retail & E-commerce
- Government & Defence
- Energy & Utilities
- IT and Telecom
- Ambient Intelligence Regional Overview
- North America
- The U.S.
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- North America