According to the latest report from the IMARC group “Context Aware Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, 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, growing at a CAGR of 17.2% in 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.
|Contextual Computing Market Report|
|Market size value in 2021||US$40.8 billion|
|Market forecast in 2027||US$104.6 billion|
|Rate of growth||CAGR of 17.2% from 2022 to 2027|
|Base year for the estimate||2021|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
|Segments Covered||Product, Provider Type, Context Type, Network Type, Vertical, Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||Amazon.com Inc., Autodesk Inc., Cisco Systems Inc., Facebook Inc., Flybits Inc., Google LLC (Alphabet Inc.), Intel Corporation, Microsoft Corporation, Onapsis Inc., Openstream Inc. and Securonix Inc.|
|Market dynamics||Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,|
|Customization overview||If our report does not include the data you are looking for, you can contact our analysts and customize the segments.|
Breakdown by product:
- Active cards
- Adaptive phones
- Augmented reality
- Guidance systems
- Conference assistants
- Sales assistants
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:
- 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, UK, 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 consumer behaviors in the industry 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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