Global Context-Aware Computing Market is valued at USD 63.29 Billion in 2021 and is expected to reach USD 386.55 Billion by 2028 with a CAGR of 29.5% over the forecast period.
Global Context-Aware Computing Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- The growing adoption of wireless communication technology, network bandwidth, embedded system, and developments in sensor technology leads to drive the growth of the Global Context-aware Computing Market.
Context-aware Computing is a computing system which fetches, monitor and acquire the environmental & situational context about places, people and many others. It collects and segregates low level and raw contextual information into high level interpreted context and adapts application behavior. The increasing usage of connected devices like tablets, PCs, adaptive phones along with smart wearable devices and adoption of shopping assistant tools and active maps increases the demand of context aware computing among enterprises.
The Covid-19 pandemic has surged the demand of context aware computing solutions among end-users. The lockdown leads to increases the number of people working from home nad thus exposed to different security risks which lead to increase the demand of context aware computing. Additionally, the steady demand of smart devices due to Covid-19 pandemic and changing purchasing power and consumer behavior also affected the market growth.
The global context-aware computing market is segmented on the basis of type, vendor, context type, network, product, industry verticals and region & country level. On the basis of deployment type, the global context-aware computing market is classified as hardware, software and service. On the basis of vendor, the market is classified as device manufacturing, mobile network operators, online, web and social networking vendors. On the basis of context type industry, the global context-aware computing market is classified as computing context, user context, physical context and time context. On the network, the market is classified as wireless cellular networks, wireless local area networks, wireless personal area networks and body area network.
On the basis of products, the global context-aware computing market is classified as active maps, adaptive phones, augmented reality and guide systems, conference assistants, cyberguides, fieldwork, shopping assistants and others. On the network of industry verticals, the market is classified as academia and education, banking, financial services and insurance, consumer goods and retail, energy and power, gaming, healthcare, logistics and transportation, manufacturing and others.
The regions covered in global context-aware computing market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global context-aware computing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
The global context-aware computing market report covers prominent players like
On July 16th 2020; These enhancements support DevOps and security professionals with environmental clarity and protection against the known tactics and techniques used by cyber-criminals targeting Kubernetes as described in the MITRE ATT&CK Framework. The K8SHIELD Framework is a Portshift-developed knowledge base of curated information that provides a clear picture of adversarial tactics, techniques, and common knowledge to organize and categorize various processes and approaches used by threat actors in the digital world. In addition to K8SHIELD integration, Portshift is introducing a new risk analysis tool that can predict the threat potential of Kubernetes objects based on a variety of parameters, allowing DevSecOps teams to prioritize their tasks based on the actual risk level.
The growing usage of artificial intelligence and machine learning-powered context-aware computing technology among many industries is one of the major factors driving the growth of global context aware computing market. Many end-use industries including automotive, BFSI and healthcare have adopted artificial intelligence and machine learning-enabled context-aware computing solution to understand human context. A context-aware Ai (CAAI) smart system is expected to be manageable and tailored, while interconnect with humans. An AI-based context-aware computing can examine and gain behavioral, historical and social data which helps the company to understand its customer context. Many companies are focusing on launching AI-based time context solutions to increase strength in its product portfolio. For example in 2020; MeeamiTech Company launched Deep Learning and Ai-based context aware noise suppression system which is known as ClearConferenceTM.
Additionally increasing deployment of advanced sensor is another factor driving the global context aware computing market. The increasing demand of context aware computing technology is rapidly growing due to the advanced innovation and development of advanced sensor in connected devices like smart wearables, smartphones, laptops and many other smart products. Different connected devices are equipped with different advanced sensors, including GPS, magnetometers, accelerometers, light sensors and microphones, which add context aware capabilities and improve experience of end users. The growing number of sensor enabled connected devices is expected to increase the demand for these computing services. For example; in 2020; Muse Wearable an Indian watch manufacturer launched an AI-powered personal wellness smart band Muse Cue. This watch is equipped with context aware activity tracker and skin temperature sensor which predicts and alerts customers regarding Covid-19 symptoms. In addition, rising awareness regarding the benefits such improving decision and making tasks more efficient is another major factor contributing to the growth of the context aware computing market.
However, computational complexities and growing emphasis on data privacy and information security may restrain the growth of the context aware computing market. In spite of that, growth in new mobile applications that support online transactions and rise in the e-commerce sector expected to provide more opportunities for the further growth of the market.
North America is expected to dominant the global context-aware computing market for context aware computing, due to the high adoption of AI and machine learning technologies in this region. Most market vendors within the market are United States based, which gives the region an innovative advantage. Additionally, supportive initiatives taken by government to motivate the companies for the adoption of AI, ML, and context aware technologies, is additionally developing the market for vendors to expand their presence within the region. The North America region is market hub to top users and mediator of context-aware computing technology which includes technology leaders, like Google Amazon, Visa, and Verizon and AT&T, which have constantly absorbed this technology to strengthen their customer service and merchandise offerings. The companies like Apple, Amazon, and Google have developed smart gadgets, such as watches and speakers, which have established themselves within the North American market.
Asia Pacific is expected to show the fastest growth due to the speedy expanding access to smart devices and rapid digitization of businesses in the region. Additionally, the growing prominence of regional players on increasing customer experience increases the demand of context-aware computing in this region. Furthermore, the increasing adoption of connected devices, AR-VR smart devices and also sensor aimed to deliver an improved customer experience is expected to increase the market in this region. Additionally, rising adoption of mobile computing devices like laptops, iPads, smart wearables, and many others which increases the demand of context-aware computing market in this region.
Middle East and Africa
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 63.29 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 386.55 Billion|
|Tables, Charts & Figures:||175|
|Key Players / Companies||Amazon.com Inc., Apple Inc, Baidu Inc., Cisco Systems Inc., Google LLC, International Business Machines Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Samsung Inc. and others.|
|Segments Covered||By Type, By Vendor, By Context Type, By Networks, By-Products, By Industry Verticals|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|