The Latin America, Middle East and Africa Ambient Intelligence Market would witness market growth of 27.5% CAGR during the forecast period (2023-2029).
Ambient intelligence is the term used to describe electronic environments or systems that are conscious, communicative, and adaptable to humans in the environment. In this setting, natural user interfaces (NUI) and embedded devices offer intelligence that enables services based on non-intrusive inputs like speech, gestures, and other techniques. Omnipresent computing, ubiquitous connectivity, and intelligent user interfaces are the three key technologies of ambient intelligence.
There are more prospects for exponential growth because more people are purchasing tablets, smartphones, and other mobile devices. To better serve complicated populations, mHealth is increasingly used to manage chronic care. The shift to outcome-based delivery and a patient-centric approach has increased demand for mHealth to revolutionize healthcare, which is increasing significantly. The market is also driven by the leading companies developing better health-oriented smart gadgets, despite the growing use of mobile devices and fitness trackers and public health care awareness. In addition, customers should be able to provide their application development services to the healthcare sector.
Significant investment has been made in commercial structures in this region, including malls, specialty stores, and supermarkets. Thus, the growth of the business infrastructure is driving the expansion of the retail sites for well-known companies in the area. The region's use of virtual fitting technology by retail establishments is the main factor driving the regional ambient intelligence market's expansion. To combat the enormous economic impact of COVID-19, nations like the UAE have taken the necessary steps to maintain regional economic activity. The UAE government is promoting the adoption of cutting-edge technology to increase industry efficiency. These factors open up growth opportunities to the regional ambient intelligence market.
The Brazil market dominated the LAMEA Ambient Intelligence Market by Country in 2022; thereby, achieving a market value of $1,400.6 million by 2029. The Argentina market is showcasing a CAGR of 28.2% during (2023 - 2029). Additionally, The UAE market would register a CAGR of 27.2% during (2023 - 2029).
Based on Platform, the market is segmented into Solution, and Services. Based on End User, the market is segmented into Healthcare, Telecom & IT, Retail, Manufacturing, Automotive, Residential, Education, and Others. Based on Technology, the market is segmented into Affective Computing, Bluetooth Low Energy, Ambient Light Sensor, Software Agents, RFID, Biometrics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Ambient Intelligence Market is Projected to reach USD 77.2 Billion by 2029, at a CAGR of 24.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Siemens AG, Honeywell International, Inc. (Honeywell Commercial Security), Nuance Communications, Inc. (Microsoft Corporation), Zippin, Ambient AI, Inc., Noonum, LLC, Infosys Limited, Eleos Health, Inc. and Eyeris Technologies, Inc.
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