Dublin, Jan. 02, 2024 (GLOBE NEWSWIRE) -- The "Global Context Aware Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global context aware computing market size reached US$ 47.7 Billion in 2022. Looking forward, the market is expected to reach US$ 120.6 Billion by 2028, exhibiting a growth rate (CAGR) of 16.72% during 2022-2028.
Context aware computing (CAC) refers to the system used for gathering, monitoring and acquiring environmental and situational information regarding individuals and events. It is deployed through wireless cellular networks, local area networks (LAN), personal area network (PAN) and body area network (BAN).
CAC is integrated with tablets, personal computers, adaptive phones and smart wearable devices for operating assistant tools and active maps. It collects and interprets low-level raw data and converts it to comprehensive insights for generating appropriate responses. As a result, it finds extensive applications across various industries, including banking, financial services and insurance (BFSI), electronics, media and entertainment, education, logistics, automotive and healthcare.
Context Aware Computing Market Trends
Significant growth in the electronics industry, along with the increasing adoption of consumer electronics, is one of the key factors creating a positive outlook for the market. CAC is integrated with devices, such as smartphones, tablets and personal computers, for personal navigation, data storage, adjusting screen brightness and social computing capabilities.
Moreover, the utilization of artificial intelligence (AI) and data science solutions in smartphone applications is providing a thrust to the market growth. These technologies provide enhanced contextual awareness and adapt the application behavior according to the implications. In line with this, the increasing demand for CAC solutions in self-driving, connected and autonomous cars is also contributing to the growth of the market.
Additionally, the adoption of the work-from-home (WFH) model by organizations due to the onset of the coronavirus (covid-19) pandemic is acting as another growth-inducing factor. CAC solutions are widely used by enterprises for location-awareness technologies, such as global positioning system (GPS), navigation and device tracking applications.
Other factors, including the widespread utilization of advanced sensors in connected devices, along with significant improvements in the 5G infrastructure, are anticipated to drive the market toward growth.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 149 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $47.7 Billion |
| Forecasted Market Value (USD) by 2028 | $120.6 Billion |
| Compound Annual Growth Rate | 16.7% |
| Regions Covered | Global |
Key Questions Answered in This Report:
- How has the global context aware computing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global context aware computing market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the vendor type?
- What is the breakup of the market based on the context type?
- What is the breakup of the market based on the network type?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global context aware computing market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape
- Amazon.com Inc.
- Autodesk Inc.
- Cisco Systems Inc.
- Facebook Inc.
- Flybits Inc.
- Google LLC (Alphabet Inc.)
- Intel Corporation
- Microsoft Corporation
- Onapsis Inc.
- Openstream Inc.
- Securonix Inc.
Key Market Segmentation
Breakup by Product:
- Active Maps
- Adaptive Phones
- Augmented Reality
- Guide Systems
- Conference Assistants
- Cyberguides
- Shopping Assistants
Breakup by Vendor Type:
- Device Manufacturers
- Mobile Network Operators
- Online, Web and Social Networking Vendors
Breakup by Context Type:
- Computing Context
- User Context
- Physical Context
- Time Context
Breakup by Network Type:
- Wireless Cellular Networks
- Wireless Local Area Networks
- Wireless Personal Area Network
- Body Area Network
Breakup by Industry Vertical:
- BFSI
- Healthcare and Life Sciences
- Telecommunications and IT
- Government and Public Sector
- Manufacturing
- Consumer Goods and Retail
- Media and Entertainment
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/foopgr
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