Contextual Computing Market Growth Status, Regional Trends

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According to Precision Business Insights (PBI), latest report, the context-aware computing market market value is expected to be valued at USD 31,968.0 million in 2022, which is expected to grow at a CAGR of 16.6% on 2022-2028. The major factors driving the contextual computing market size are the increasing use of mobile devices such as PCs, tablets, smartphones and smart wearable devices, use of active maps and handheld devices. purchasing assistance, and increased business opportunities for innovations. detailed description of the report here – https://precisionbusinessinsights.com/market-reports/context-aware-computing-market/

Online, web and social network providers to dominate the contextual computing market:
Based on vendor type, online, web, and social media vendors hold the highest market share. The main factor behind the rise of this segment is the growing acceptance of smart devices. The increasing use of smart and advanced devices such as iPhones, smartphones, and laptops enables companies to launch and design new devices that are focused on contextual computing, which can also accelerate market growth. The rise of e-commerce and online shopping globally is also driving demand from device manufacturers and network operators.

North America Context Aware Computing Market
North America leads the global context-aware computing market due to demand for BYOD (bring your own device). North America is leading the global market owing to well-established research infrastructures, growing public and private sector funding, and growing collaborations among major global players that have helped boost IT sales sensitive to the context in this region. Apart from this, the major factor driving the market in this region is the growing use of smartphones and growing customer demands and preferences.

Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players
The global context-aware computing market further reveals that major players are implementing strategies such as extending product collection through research and development activities, product launches, acquisitions, mergers and strategic alliances to improve their market position and enhance market revenue share. . In July 2020, the K8SHIELD framework and context-aware security policy was launched by Portshift Ltd. to improve support security for DevOps professionals with clarity and protection against cybercriminals. In November 2020, WORKSPACE NXT (Workplace as a Service), a next generation integrated digital workspace solution, to deliver personalized remote working experience with high security was launched by Tech Mahindra Limited.

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The context-aware computing market is segmented on the basis of product type, vendor type, network type, end users, and region.
Based on product type, the market is segmented as follows:
• Active cards
• Adaptive phones
• Augmented reality
• Guidance systems
• Conference assistants
• Cyberguides
• Fieldwork
• Sales assistants
• Others

Based on Vendor Type, the market is segmented as follows:
• Mobile network operator
• Device manufacturer
• Online, web and social media providers

Based on Network Type, the market is segmented as follows:
• Wireless cellular networks
• Wireless Local Area Networks (WLAN)
• Wireless Personal Area Network (PAN)
• Body network (BAN)

Based on end users, the market is segmented as follows:
• BFSI
• Consumer electronics
• Media and Entertainment
• Automotive
• Health care
• Telecommunication
• Logistics and transport
• Others

Based on Region, the market is segmented as follows:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key players profiled in the Context Aware Computing Market report are Amazon.Com, Inc., Apple, Inc., Baidu, Inc., Facebook, Inc., Google Inc, Intel Corporation, Microsoft Corporation, Nokia Corporation, Samsung, Inc., and Infosys Ltd.

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This press release was published on openPR.

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