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Ambient Assisted Living And Smart Home Market Expected to Reach $114.6 Billion by 2025
Advancement in Smart Technologies Pertaining to Smart Homes and Connected Space Mostly Drives the Ambient Assisted Living Market.
BriefingWire.com, 4/16/2021 - Ambient Assisted Living and Smart Home Market is expected to reach $114.6 billion by 2025 at a CAGR of 16.8% during the forecast period 2020-2025. Smart Home and Ambient Assisted Living (SHAAL) systems utilize advanced and ubiquitous technologies including sensors and other devices that are integrated in the residential infrastructure or wearable, to capture data describing activities of daily living and health related events. Advancement in smart technologies pertaining to smart homes and connected space mostly drives the market for the ambient assisted living. Additionally, the growing demand for managed care for old age population is also driving the market in the forecast period 2020-2025. ....

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