Press release
Ambient Intelligent Market Size – Latest Growth, Development Trends & Forecast Report to 2025
This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2017 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
Ambient intelligence refers to electronic environments or systems that are aware, adaptive and interactive with humans in that environment. The intelligence derived from embedded devices and natural user interfaces (NUI) operating in this environment facilitates the provision of services according to inputs perceived through gesture, voice, and other non-interruptive means. Ambient intelligence is based on three key technologies ubiquitous communication, ubiquitous computing, and intelligent user interfaces. Ubiquitous communication aids the objects to communicate with the user in the environment. Therefore, owing to this, the system components can gather information about its environment anytime and can adapt its behavior accordingly. Ubiquitous computing involves integration of microprocessors into objects such as clothes, furniture, toys, etc. Thus, in the ambience intelligent environment, humans would be unaware of presence of computers as they would operate from background. Intelligent user interfaces enable the system components to interact with the environment in a personalized and natural way. Owing to increased information, connectivity, and leisure, this technology is expected to become an integral part of interactions in the near future.
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Key factor driving the growth of the ambient intelligent market include the evolving location-based mobile software applications. Also, owing to increasing urbanization, government across the world is carrying out multiple smart city projects for energy efficiency and cost effectiveness. Thus, rising smart homes and smart cities across the world are further expected to drive the ambient intelligent market.
Restraint affecting the ambient intelligent market include the privacy, security, and identity issues that arise as the ambient intelligent systems records the actions and preferences of users. Also, these systems cannot use encryption to ensure security similar to wireless radio or infrared communication owing to their limited bandwidth. However, companies operating in ambient intelligence are developing architecture and relevant designs that includes privacy policies in a specific application domain to make optimum use of the technology in several end-use sectors.
New opportunity anticipated to boost the ambient intelligent market include the increasing demand for ambient intelligent systems in the healthcare sector, especially in ambient medical information systems. As an example, through ambient medical information systems, an Electronic Health Record (EHR) could be created for a patient that would include his prior treatments, allergy information, etc. and owing to ambient intelligence, it would be available globally. If this patient travels outside a country, a local physician can easily treat him on the basis of prior reports or findings and the billing of international travel insurances will be facilitated. The updated patient report would be uploaded on EHR. Apart from ambient medical information systems, ambient intelligent systems are also expected to find applications in wearable monitoring devices, diagnosis and work-flow process.
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The ambient intelligent market can be segmented on the basis of component, end-user industry, and geography. In terms of component, the ambient intelligent market can be classified into hardware, software, and services. On the basis of end-user industry, the ambient intelligent market can be divided into residential, industrial, Banking, Finance, and Insurance (BFSI), healthcare, retail, corporate, and others. In terms of geography, the ambient intelligent market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. North America is expected to be a highly attractive region contributing to the ambient intelligent market owing to the rapid technological developments and increasing smart buildings in the region.
Prominent players operating in the ambient intelligence market include Assisted Living Technologies Inc., ABB Group, Chubb Community Care, Caretech Ab, Honeywell International Inc., Ingersoll-Rand PLC, Getemed Medizin- Und Informationstechnik AG, Koninklijke Philips N.V., Medic4all Group, Legrand SA, Siemens AG, Televic N.V., Tunstall Healthcare Ltd., Schneider Electric S.E., Vitaphone GmbH and so on.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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