Increasing penetration of IoT-based devices boosts popularity of location-based ambient intelligence, says TMR

#News(General) [ via IoTGroup ]

Headings…
Trending
Increasing penetration of IoT-based devices boosts popularity of location-b
Advancements in Internet of Things, globally
Location-based ambient intelligence market: Regional outlook

Auto extracted Text……

According to a new market report the global location-based ambient intelligence market is projected to reach a value of approximately US$497 billion by 2027.
Growth of the location-based ambient intelligence market can be attributed to the rising demand for energy-efficient solutions, globally.
Over the forecast period, Asia Pacific is anticipated to grow rapidly in the location-based ambient intelligence market, at a CAGR of approximately 25%.
In terms of share, the location-based ambient intelligence market is dominated by North America, followed by Europe.
In the location-based ambient intelligence market, the smart homes segment was valued at approximately US$ 42 Bn in 2018, and is expected to reach approximately $200 billion by 2027, expanding at a CAGR of approximately 19% during the forecast period.
As location-based ambient intelligence is the basis of IoT, it is likely to be implemented in every IoT application.
Moreover, the extensive usage of Wi-Fi in residences is boosting the location-based ambient intelligence market, as several appliances can be connected to the home network without the use of additional controllers.
Location-based ambient intelligence market: Regional outlook
In terms of region, the global location-based ambient intelligence market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is expected to dominate the location-based ambient intelligence market during the forecast period.
The Asia Pacific location-based ambient intelligence market is expected to expand at the highest CAGR, with China and India being the major location-based ambient intelligence markets in the region.
The location-based ambient intelligence markets in the Middle East & Africa, Europe, and South America are also expected to expand rapidly during the forecast period

Read More..
AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019