According to IMARC Group’s latest report “Context Aware Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global context-aware computing market has reached a value of 40.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$104.6 billion by 2027, growing at a CAGR of 17.2% during the period 2022- 2027.
Contextual Computing (CAC) is an IT process that anticipates end-user needs and improves the overall quality of interaction between organizations and consumers. It can be deployed via Personal Area Networks (PAN), Body Area Networks (BAN) and Local Area Networks (LAN). CAC helps companies better understand their consumers and eliminate complexities during the production process. It uses presence, social attributes, location, and other environmental information to deliver more situationally-appropriate, sophisticated, and usable features.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Market trends:
Widespread adoption of CAC systems across different verticals, such as education, entertainment, automotive, logistics, electronics, banking, media, and healthcare, is mainly driving the market towards growth. The increasing use of advanced technologies, such as artificial technology (AI) and data science solutions, in CAC is contributing to the growth of the market. Further, the widespread integration of CAC with electronic gadgets including laptops, tablets, and smartphones to perform social computing and personal browsing capabilities is propelling the growth of the market.
Breakdown by product:
Active cards
Adaptive phones
Augmented reality
Guidance systems
Conference assistants
Cyberguides
Sales assistants
Others
Breakdown by type of supplier:
Device manufacturers
Mobile network operators
Online, web and social network providers
Breakdown by type of context:
IT background
User context
Physical context
Temporal context
Breakdown by type of network:
Wireless Cellular Networks
Wireless LANs
wireless personal area network
Body area network
Breakdown by vertical industry:
BFSI
Health and life sciences
Telecommunications and IT
Government and public sector
Manufacturing
Consumer goods and distribution
Media and entertainment
Others
Market Breakdown by Region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa
Competitive landscape with a key player:
Amazon.com Inc.
Autodesk Inc.
Cisco Systems Inc.
facebook inc.
Flybits Inc.
Google LLC (Alphabet Inc.)
intel company
Microsoft Corporation
Onapsis inc.
Openstream Inc.
Securonix Inc.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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