Location-based Ambient Intelligence Market Size

Location-based Ambient Intelligence Market size was valued at USD 257.06 billion in 2024 and is set to exceed USD 2.99 trillion by 2037, registering over 20.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of location-based ambient intelligence is estimated at USD 302.51 billion.

This boost is anticipated by the slated demand for linked devices that can be included in an ambient intelligence ecosystem on account of the rise of internet-connected IoT devices.

In addition, AI technology can evaluate the massive volumes of data produced by these gadgets and offer insights that could be applied to enhance the user experience and increase environmental responsiveness. According to a report, in the coming years, there will be over 29 billion Internet of Things (IoT) devices globally, nearly doubling from 15.1 billion in 2020.

Additionally, COVID-19 has brought attention to the significance of ambient intelligence applications in healthcare, including patient support and remote monitoring, as many patients were looking for remote healthcare services to prevent being exposed to the virus as a result of the social distancing measures being put in place. By offering remote medical care at a lower cost than in-person visits to healthcare institutions, affective computing contributes to the reduction of healthcare service costs.