Ambient Intelligence Market has Huge Potential to Grow Rapidly

Ambient Intelligence Market

The global ambient intelligence market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America and Middle East, and Africa. North America market accounted for the largest share in the market, in 2016. This growth is attributed to increasing demand for smart buildings in the region. According to Coherent Market Insights’ analysis, the smart building market is expected to increase at a CAGR of about 18% by 2025. Rising focus on safety and security coupled with increasing concerns related to energy efficiency, and emission reduction are expected to drive growth of the smart building market. As the smart building projects are increasing, demand for advanced ambient assisted technology is expected to increase, which will boost growth of North American ambient intelligence market.

Major players operating in the global ambient intelligence market include Schneider Electric S.E., Ingersoll-Rand PLC, Legrand SA, Siemens AG, ABB Group, Honeywell International, Inc., Tunstall Healthcare Ltd., Koninklijke Philips N.V., Chubb Community Care, Caretech Ab, Assisted Living Technologies, Inc., Getemed Medizin- Und Informationstechnik AG, Medic4all Group, Telbios, Televic N.V., and Vitaphone GmbH.

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The innovative interface paradigms of ambient intelligence technology can be used for application in the healthcare sector to improve various real time solutions, including continuous monitoring health systems and providing diagnosis on various health conditions. For example, in September 2017, Nuance launched artificial intelligence (AI)-powered virtual assistant solution designed specifically for healthcare providers, which is expected to improve patient experience and reduce physician burnout.

In April 2017, Ambient Clinical Analytics received US$ 5.4 Mn in funding for its enhancing its Clinical Decision Support and Control Tower Software Platform. For this, it uses licensed Mayo Clinic technologies, which include over 1,000 rules and algorithms to provide critical care providers real-time access to vital process-of-care information and analytics at the point-of-care, as well as from a central Clinical Control Tower.

Ambient Intelligence Projects

AISense, Inc. — a U.S.-based company —  is working on a project to transform everyday voice conversations through ambient voice intelligence that enables storing, searching, sharing, and analyzing voice conversations, the same way as users can with emails and text messages. Additionally, in November 2017, Osram Continental GmbH is a planned joint venture between Continental AG and Osram for intelligent lighting solutions in the automotive sector.

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