According to the latest report from the IMARC group, the global context-aware computing market reached a value of US$40.8 billion in 2021.
SHERIDAN, WYOMING, USA, July 28, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report “Context Aware Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers comprehensive industry analysis, which includes insights into the global context-aware computing market. The report also includes competitor and regional analysis, as well as contemporary market advancements. The global context-aware computing market reached a value of US$40.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$104.6 billion. by 2027, posting a CAGR of 17.2% over 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.
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:
Breakdown by type of supplier:
Mobile network operators
Online, web and social network providers
Breakdown by type of context:
Breakdown by type of network:
Wireless Cellular Networks
wireless personal area network
Body area network
Breakdown by vertical industry:
Health and life sciences
Telecommunications and IT
Government and public sector
Consumer goods and distribution
Media and Entertainment
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:
Cisco Systems Inc.
Google LLC (Alphabet Inc.)
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