Global Context Aware Computing Market Overview
The key driver impacting the context aware computing market is the advancing deployment of 5G infrastructures in some of the world's largest economies. For instance, According to Congressional Research services, in 2018, telecommunication providers started deploying fifth-generation (5G) networks to meet the growing data demands from consumer and industrial users.
Globally the 5G technologies can produce around $12.3 trillion in sales activity across multiple industries and hold 22 million jobs by 2035. The U.S. is one of the global leaders, along with South Korea and China. Moreover, the rising awareness and popularity of context-aware computing contribute to context aware computing market demand in the later years.
According to Value Market Research, the global Context-aware computing market size was valued at USD 220.323 billion in 2020 and is estimated to grow at a CAGR of about 35.5% during the forecast period 2021 to 2027.
The increasing surge in smartphones and social networking platforms usage will likely augment the need for context-aware computing in the forecast period. The rising uptake of remote working facilities during the COVID-19 pandemic increased the demand for context aware computing solutions. However, information overload and human attention hamper the market in the long run. In addition, the information access and delivery and differentiating contexts act as a challenge to the market. Nonetheless, the market trends, such as the expanding prominence of mobile computing, might provide considerable opportunities to the market's leading players.
The Context-aware computing market is wide, with several regional and international players. The market players follow diverse strategies to enhance their market position, such as extending product portfolio, acquisitions, amalgamation research and development, awareness programs, and product upgrades. The key players in the report are Baidu, Crowdoptic, Flytxt, Intel, Loopt, Mxit, Openstream, Pontis, Proximo, Samsung, Securonix, Telefónica, Teliasonera, Telnic, ThreatMetrix, Verizon Communications Inc, and Vodafone.
In this research report, the Context-aware computing market is segmented by component, vendor, end-user, and region.
Analysis by Component:
By component, the report is divided into solutions and services. The solutions segment dominates the offering segment, with the highest share in 2020. It is due to the huge adoption of context aware applications across several industries such as I.T., and telecom, BFSI, healthcare, oil, and gas, etc. Moreover, the increasing demands from small and medium enterprises contributing to the growth of the Hardware segment.
Analysis by Vendor:
By vendor, the report is divided into mobile network operator, device manufacturer, web, online, and social networking vendors. The web, online, and social networking vendors segment dominates with a significant market share in 2020. It is due to the huge adoption of smart and connected devices such as laptops, smartphones, and ipads. Moreover, the growing online commerce business is contributing to the online, web, and social networking vendor's segment growth.
Analysis by End-user:
By end-user, the report is divided into BFSI, consumer electronics, media and entertainment, automotive, healthcare, telecommunications, logistics and transportation, and others. The healthcare segment dominates with a significant market share in 2020. It is due to the growing demand for real-time customer solutions and wireless personal area networks from clinics and hospitals. Moreover, the growing requirement to enhance patient care and outcomes is adding to the high demand from healthcare segment growth.
Analysis by Region:
In the regional outlook of the global Context-aware computing market, the North America region dominates with a significant market share in 2020. The increase in demand for the BYOD (bring your own device) concept, tablets due to soaring popularity among businesses, and dynamic consumer preferences are driving regional growth. Moreover, the rising usage of smartphones among consumers across the U.S. and Canada contributes to the tremendous market growth across North America.
Market Segmentation covered in the Report:
By Component
By Vendor
- Mobile Network Operator
- Device Manufacturer
- Online, Web, and Social Networking Vendors
By End-user
- BFSI
- Consumer Electronics
- Media and Entertainment
- Automotive
- Healthcare
- Telecommunications
- Logistics and Transportation
- Other
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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