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Ambient Intelligence Global Market Estimated to Surge at a CAGR of 27.8% to Reach $80.22 Billion By 2028 | Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Group, Microsoft Corporation
"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.The Business Research Company presents an extensive market research report on the Ambient Intelligence Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ambient intelligence market size has grown exponentially in recent years. It will grow from $23.42 billion in 2023 to $30.02 billion in 2024 at a compound annual growth rate (CAGR) of 28.2%. The growth in the historic period can be attributed to advancements in sensor technologies, rising demand for smart homes, integration of AI and machine learning, growth of iot ecosystem, mobile computing and connectivity.
The ambient intelligence market size is expected to see exponential growth in the next few years. It will grow to $80.22 billion in 2028 at a compound annual growth rate (CAGR) of 27.8%. The growth in the forecast period can be attributed to 5G network deployment, edge computing advancements, increasing urbanization, focus on sustainability, emergence of autonomous vehicles. Major trends in the forecast period include human-centric design, integration with blockchain, health and wellness applications, cross-industry collaboration, emphasis on predictive analytics, proliferation of voice-activated assistants, expansion of wearable technologies, augmented reality (AR) integration.
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Key Market Players:
Major companies operating in the ambient intelligence market report are Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Group, Microsoft Corporation, Robert Bosch GmbH, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Johnson Controls International PLC, Texas Instruments Incorporated, Koninklijke Philips N.V., Infineon Technologies AG, NXP Semiconductors N.V., Legrand SA, Ingersoll-Rand, Garmin International Inc., PTC Inc., Somfy SA, Software AG, Lutron Electronics Co. Inc., Sensirion AG, Control4 Corporation, Spark Works Co. Ltd., Elos Medtech AB
Market Drivers:
The government initiatives for smart cities across the globe are expected to propel the growth of the ambient intelligence market going forward. Government initiatives refer to actions, programs, or policies undertaken by a government to address specific issues, promote development, or achieve goals. Government initiatives help in advancing ambient intelligence (AI) by setting the framework, policies, and support systems that foster the development and implementation of intelligent environments. For instance, in September 2021, according to the European Commission, a Belgium-based executive branch of the European Union (EU), launched the Horizon Europe Mission on Climate-Neutral and Smart Cities. The mission aims to support the development of 100 climate-neutral and smart cities across Europe by 2030. Therefore, government initiatives for smart cities across the globe are driving the growth of the ambient intelligence market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/ambient-intelligence-global-market-report
The ambient intelligence market covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Technology: Bluetooth Low Energy, Radio-Frequency Identification(RFID), Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, Other Technologies
3) By End User: Residential, Retail, Healthcare, Office Building, Automotive, Other End Users
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