Location based Ambient Intelligence Market

The increasing number of smart city projects is driving the market growth

The Global Location-based Ambient Intelligence Market Industry is witnessing a surge in demand driven by the rapid development of smart cities. Urban areas are increasingly adopting technologies that enhance connectivity and improve the quality of life for residents. For instance, cities are integrating location-based services to optimize traffic management and energy consumption, thereby reducing operational costs. As of 2024, the market is valued at 267.6 USD Billion, reflecting the growing investment in infrastructure that supports ambient intelligence. This trend is expected to continue, with smart city initiatives likely to contribute significantly to the projected market growth.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Location-based Ambient Intelligence Market dominated this market in 2022 (45.80%). The presence of these businesses and rising customer awareness of energy conservation are driving the demand for smart home products in the area. The International Energy Agency (IEA) predicted that in 2021, the United States would spend 10.0% more on energy infrastructure. Additionally, during the past few years, the region's demand for smart energy has expanded significantly, which has attracted investors to the energy management sector. Further, the U.S.

Location-based Ambient Intelligence market held the largest market share, and the Canada Location-based Ambient Intelligence market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: LOCATION-BASED AMBIENT INTELLIGENCE MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Location-based Ambient Intelligence market accounted for the healthy market share in 2022. This is due to the growing demand for connected devices and services as well as the growing use of smart home technology. A significant portion of the region's clients are tech-savvy, which is boosting demand for cutting-edge goods. Top technology companies with European headquarters, such as Google, Apple, and Microsoft, are heavily investing in the development of ambient intelligence technologies. As a result, the local market is growing even more.

Further, the German Location-based Ambient Intelligence market held the largest market share, and the U.K Location-based Ambient Intelligence market was the fastest growing market in the European region

The Asia Pacific Location-based Ambient Intelligence market is expected to register significant growth from 2023 to 2032. It is projected that the increased deployment of 5G networks will fuel market growth in the region. Edge deployments are growing four times more quickly in Asia-Pacific than digital core projects. By 2028, the global infrastructure edge footprint is expected to be 40.0 gigatons, with the healthcare, manufacturing, energy, business, and transportation sectors receiving 63.0% of that assistance.

Moreover, China’s Location-based Ambient Intelligence market held the largest market share, and the Indian Location-based Ambient Intelligence market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Location-based Ambient Intelligence market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Location-based Ambient Intelligence Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Location-based Ambient Intelligence Industry to benefit clients and increase the market sector. In recent years, the Location-based Ambient Intelligence Industry has offered some of the most significant advantages to medicine.

Major players in the Location-based Ambient Intelligence market, including Infosys Limited, Huawei Technologies Co., Ltd., SAMSUNG, ABB, Honeywell International Inc., Medic4all, Assisted Living Technologies, Inc., Vita Group Holdings Limited, Johnson Controls., Chubb Fire & Security, Doro AB, Nokia, Google, HTC Corporation, HTC GLOBAL SERVICES, Schneider Electric, and Siemens, are attempting to increase market demand by investing in research and development operations.

BioIntellisense developed a clinical intelligence platform with the goal of providing algorithmic clinical insights, predictive analytics, and constant health monitoring. Through the use of a sensor-enabled skin-wearing device that performs advanced analytics and data services for early detection of skin temperature, heart rate, respiratory rate, fall detection, coughing sneezing, and vomiting frequency to channel real-time data to the platform, the company's platform offers medical-grade monitoring services. This enables hospitals to assess patients' vital signs, physiological biometrics, and symptomatic events.

In January 2023, BioIntelliSense, Inc. partnered with care.ai to improve the delivery of patient care by supplying continuous biometric data and ambient intelligent tracking. By seamlessly integrating the complementing services of these transformational technologies, the collaboration addresses the main challenges that the overworked medical staff is confronting while also enhancing client satisfaction, streamlining clinical procedures, and optimising clinical outcomes.

Microsoft Corp. (Microsoft) offers a variety of software-related services, including development, licencing, and support. The company offers a wide range of server applications, desktop and server administration tools, video games, cross-device productivity tools, business solution tools, and operating systems. It also offers training and certification services. It also develops, manufactures, and sells hardware products like PCs, tablets, game consoles, and other cutting-edge technology. Among the many services the business provides are consulting, cloud-based solutions, and solution support. Microsoft markets, distributes, and sells its goods through original equipment manufacturers, distributors, resellers, online marketplaces, Microsoft stores, and other partner channels.

The business has operations in the Americas, Europe, Asia-Pacific, Middle East, and Africa. Microsoft's headquarters are in Redmond, Washington, a city in the US. According to Microsoft, the era of mobile and cloud computing is giving way to the era of pervasive computing and ambient intelligence in November 2021. Over the next ten years, this time period will experience more digitisation. The event in question was Ignite 2021.