Global Ambient Intelligence Market Set To Touch $99.43 Billion

CIOTechOutlook Team | Friday, 06 October 2023, 11:54 IST

  • No Image
The worldwide ambient intelligence market is expected to reach USD 99.43 billion by 2030, thanks to a healthy Compound Annual Growth Rate (CAGR) of 24.4% from 2023 to 2030. Several fundamental forces changing the technological environment are driving this rise.
 
The growing use of big data analytics is opening up new possibilities for incorporating Artificial Intelligence (AI) and the Internet of Things (IoT) into ambient intelligence. Big data analytics may be used to harness the quantity of data created by IoT devices, offering useful insights to optimize user experiences and improve environmental responsiveness to human demands.
 
The growing emphasis on energy efficiency and sustainability is propelling the use of low-power sensors and processors in IoT devices, making them more energy-efficient and cost-effective. This trend facilitates seamless integration into Ambient Intelligence (AmI) systems, further contributing to market expansion. Governments worldwide are increasing their investments in ambient intelligence, with a focus on key technologies such as nanotechnologies, smart technologies, and autonomous cars. These investments foster market growth and innovation, as per Research and Markets.
 
North America dominated the market in 2022, with a 34.1% share, and is expected to maintain its position. Increased government and corporate investment in startups is fueling innovation and growth. The deployment of 5G networks is estimated to drive the highest CAGR of 27.5% in Asia Pacific throughout the projection period. According to the GSMA, the area will have over 400 million 5G connections by 2025, accounting for more than 14% of global mobile networks.
🍪 Do you like cookies?

We use cookies to ensure you get the best experience on our website. Read more...