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Ambient Intelligence Market Share

Report ID: GMI6820
Published Date: Sep 2023
Report Format: PDF

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Ambient Intelligence Market Share

Major companies operating in the ambient intelligence market are

ABB Group
Honeywell International Inc.
Johnson Controls
Legrand SA
Microsoft Corporation (Nuance Communications, Inc.)
Schneider Electric S.E
Siemens AG

Microsoft Corporation holds a significant revenue share in the ambient intelligence industry. The company strengthened its position in the market through its acquisition of Nuance Communications, Inc. By integrating Nuance's advanced speech recognition and natural language processing capabilities, Microsoft is enhancing its AI-driven solutions for sectors, such as healthcare, customer service, and more, thereby expanding its dominance in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of ambient intelligence reached USD 82.1 billion in 2022 and is set to witness over 13.5% CAGR between 2023 and 2032, due to the rapid advancement of IoT technology.

The hardware component segment held over 57% of the market share in 2022, driven by higher advancements in sensor technology.

The healthcare end user segment held 22% of the market share in 2022, attributed to the surging need for automating and streamlining the documentation process using voice AI and generative AI.

North America garnered over 35% of the market share in 2022, owing to the robust technological infrastructure, high consumer awareness, and early adoption of smart home & IoT devices in the region.