Location-based Ambient Intelligence Market Revenue Set to Bolster Burgeoning

Posted by Deeksha on October 4th, 2019

Market Research Hub (MRH) has recently uploaded a new assessment that stresses on the overall development set to occur across the global location-based ambient intelligence market. This assessment is titled “Location-based Ambient Intelligence Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”, which skillfully discourses prime facets venerating market overview, market dynamics, market revenue analysis (US$ Bn), historical growth trends, forecast trends and a lot more.

According to this smart research report, the global market for location-based ambient intelligence acquired ~US$ 91.7 billion in 2018, and is expected to reach ~US$ 108 Bn in the year 2019. Majority of the shares, that is, two-fifth revenue count is engaged with its applications in smart homes. Whereas the incorporation of location-based ambient intelligence is detected largely in connected homes, together with emerging trends related to e-healthcare and telemedicine industries.

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Healthcare Sector Likely to Foster Demand for Location-Based Ambient Intelligence

Based on ongoing advancements in technologies, it is expected that popularity of ambient-assisted living together with the integration of ambient intelligence solutions would prove effective in medical diagnosis. The report spotlights the swelling sales potential of medical devices integrated with ambient intelligence technology that is intrinsically and methodically connected with artificial intelligence (AI). This sector is expected to create higher prospects for stakeholders active in the healthcare sector.

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Consumer Inclination towards Wearable Devices Experience Likely to Harbor Innovation

At present, the world of Virtual Reality (VR), Internet of Things (IoT) and Ambient Intelligence is principally characterized by developments in technology; however, innovations in the location-based ambient intelligence background aren’t anymore influenced by the latest additions in technologies. To be precise, commercial applications in the market are primarily motivated by consumer perception related to their involvement with IoT-based, wearable devices.

The swelling dependency of digital innovation on consumer experience would surely influence several major market players along with their strategies and decision-making policies. It has been projected that the delivery of intuitive and personalized features via high-quality sensors in location-based ambient intelligence applications is likely to occur in the near future. This is definitely redefining the emerging trends and proving positive for stakeholders who are operative in the location-based ambient intelligence market.

Overall, information disclosed in the study highlights important statistics as well as data points focused at the demand for location-based ambient intelligence solutions. Readers can easily gain insight about the penetration of location-based ambient intelligence across various regions around the globe. Furthermore, the report talks about the prime leaders contributing towards the development of the global location-based ambient intelligence market. Some of the players mentioned in the report are Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., ABB Ltd., Johnson Controls Inc., Honeywell International Inc., Schneider Electric SE etc.