Ambient Intelligent Market: Pin-Point Analysis For Changing Competitive Dynamics

Technology

Introduction to Ambient intelligence

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. 

Market Drivers

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.

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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. 

Opportunity for Market

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. 

End Users

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.

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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.