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Global Context Aware Computing Market to Grow at a CAGR of 25% During 2021-2026, Aided by the Rising Demand for Consumer Electronics Segment

According to a new report by EMR titled, ‘Global Context Aware Computing Market Report and Forecast 2021-2026’, the global context aware computing industry reached a value of USD 49 billion in 2020. The industry is further expected to grow at a CAGR of 25% in the forecast period of 2021-2026.

The global context aware computing industry is primarily being driven by the rising demand for consumer electronics segment. North America is one among the foremost significant markets for context aware computing, due to its dominance in AI and machine learning technologies. The context-aware computing market is highly fragmented. Due to players creating context-aware API (Application Programming Interfaces) for the development of innovative commercial applications, the market is becoming very competitive. Moreover, many players are entering the market with innovation and development.

In June 2019, Microsoft Corporation [NASDAQ: MSFT] and Oracle Corporation [NYSE: ORCL] announced a cloud interoperability partnership enabling customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud. Enterprises can now seamlessly connect Azure services, like Analytics and AI, to Oracle Cloud services, like Autonomous Database. By allowing customers to run one part of a workload within Azure and one more part of the same workload within the Oracle Cloud, the collaboration delivers an extremely optimized, best-of-both-clouds experience.

Market Analysis by Type, Vendor, context type, network, products, industry vehicles and Regions:

  • On the basis of type, CAC can be divided into hardware, software, and services.
  • The industry can be divided on the basis of vendor into device manufacturers, mobile network operators, online, web, and social networking vendors.
  • The context type can be segmented into computing context, user context, physical context, time context.
  • The market can be bifurcated on the basis of networks into wireless cellular networks, wireless local area networks (LAN), wireless personal area networks (PAN), body area network (BAN).
  • On the basis of products, market can be segmented into active maps, adaptive phones, augmented reality and guide systems, conference assistants, cyberguides, fieldwork, shopping assistants, among others.
  • Industry verticals of the industry can be divided into academia and education, banking, financial services and insurance (BFSI), consumer goods and retail, energy and power, gaming, healthcare, logistics and transportation, manufacturing, among others.
  • The regional markets for context awareness computing include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Wireless communication technologies, network bandwidth, embedded systems and developments in sensor technologies are predicted to fuel the demand of CAC applications.
  • High investments in AR (augmented reality) smart glasses also are anticipated to drive the global industry. 
  • Technological advancements are also expected to drive this market during the forecast period. 
  • Adoption and consciousness regarding context aware computing is expected to rise owing to increase in demand of smartphones and mobile computing devices. 
  • Increase in demand of smart wearables, Integration of AI are other factors that are fuelling the demand of this market.

Key Offerings of the report:

  • The EMR report gives an overview of the context aware computing industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the type, vendor, context type, network, products, industry vehicles and major regions of context aware computing. 
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.  
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global context aware computing market are IBM Corp, Microsoft Corporation, Cisco Systems Inc., Google LLC, Oracle Corporation, Amazon Web Services Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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