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Ambient Intelligence Systems Market Trends and Competitive Landscape Analysis - 2032

07-12-2024 09:08 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Ambient Intelligence Market

Ambient Intelligence Market

According to a new report published by Allied Market Research, titled, "Ambient Intelligence Market," The ambient intelligence market was valued at $19.2 billion in 2022, and is estimated to reach $185.5 billion by 2032, growing at a CAGR of 25.7% from 2023 to 2032.

Ambient Intelligence (AmI) refers to a digital environment that is sensitive, responsive, and adaptive to human presence and needs. It typically involves integrating smart sensors, devices, and technologies into everyday surroundings (such as homes, offices, or cities) to enhance the quality of life and streamline processes. AmI aims to create environments that are aware of people's activities, anticipate their needs, and proactively provide context-aware services and assistance. This concept often intersects with areas like Internet of Things (IoT), artificial intelligence (AI), and pervasive computing to create seamless and intuitive user experiences.

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The adoption of IoT devices, increase in demand for smart homes, and the requirement for seamless connectivity and improved user experience are the main drivers of the market revenue growth. An intelligent environment that is perceptive of and responsive to human activity and surroundings is referred to as having ambient intelligence. By utilizing modern processing techniques and sensor networks, the technology seeks to give users an engaging and individualized experience.

Moreover, the healthcare sector has seen increase in adoption of ambient intelligence for remote patient monitoring, fall detection, and other healthcare applications. An aging population and the desire to provide better care for patients at home have contributed to the growth of the healthcare sector. In addition, retailers are leveraging ambient intelligence to enhance the shopping experience. Data analytics and IoT sensors help retailers understand customer behavior and provide personalized recommendations.

Furthermore, the development of advanced sensors is expected to fuel the growth of the market, as these sensors enable real-time monitoring of the environment. Also, increase in investment in IoT and smart city infrastructure by the government and businesses drive the growth of ambient intelligence industry.

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Furthermore, major market players have undertaken various strategies to increase the competition and offer enhanced services to their customers. For instance, in March 2023, Siemens Smart Infrastructure launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings. The latest addition to the Siemens Xcelerator portfolio, Connect Box is a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30% and to substantially improve indoor air quality in small to medium-sized buildings such as schools, retail shops, apartments or small offices. Siemens Xcelerator is an open digital business platform that enables customers to accelerate their digital transformation easier, faster, and at scale.

Moreover, in March 2022, Microsoft acquired Nuance Communication, a speech recognition company and a leading provider of conversational artificial intelligence to enhance healthcare artificial intelligence. The acquisition is expected to allow Microsoft to leverage artificial intelligence technology for better patient outcomes and more affordable healthcare. Such strategies will be helpful for the ambient intelligence market forecast.

Based on technology, the affective computing segment attained the highest ambient intelligence market size in 2022, as consumers are increasingly looking for personalized experiences, and affective computing can help to create more tailored experiences based on individual preferences and emotional states.

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Region-wise, Asia-Pacific attained the highest ambient intelligence market share in 2022. Rise in the adoption of 5G network is expected to drive the demand for the ambient intelligence market in the region.

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 will likely remain used to address future health and safety concerns, providing continued opportunities for the ambient intelligence market. Moreover, the healthcare industry saw a surge in telemedicine adoption. Ambient Intelligence plays 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.

The key players profiled in the ambient intelligence market analysis are Schneider Electric S.E., Siemens AG, ABB Group, Johnson Controls, Infosys, Honeywell International, Inc., BioIntelliSense, Inc., Nuance Communications, Inc., Eyeris Technologies, Inc., and Accel Robotics. These players have adopted various strategies to increase their market penetration and strengthen their position in the ambient intelligence industry.

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Key findings of the study

1. By solution, the supply chain management segment led the ambient intelligence market in terms of revenue in 2022.

2. By deployment model, the public cloud segment led the ambient intelligence market in terms of revenue in 2022.

3. By enterprise size, the large enterprises segment led the ambient intelligence market in terms of revenue in 2022.

4. By service model, the software as a service (SaaS) segment led the ambient intelligence market in terms of revenue in 2022.

5. By region, North America generated the highest revenue in 2022.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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