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Oct 08, 2020 (The Expresswire) —
“Context Aware Computing Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Context Aware Computing market reportcovers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).
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Key Market Trends:
Consumer Electronics Segment Expected to Witness Rapid Growth
Smartphones and tablets have moved far beyond the capability of sending text messages or making calls, and are now personal navigators, storage devices, arcades, and social hubs.
Moreover, the evolution of smartphones and increasing computational power have enabled developers to create innovative context-aware applications, to recognize user-related social and cognitive actions, in any situation and at any location.
A prominent example of context-aware technologies in smartphones is in the way they react to ambient light, by adjusting screen brightness for optimal readability. As this feature is available in every smartphone in the market, the growth in the sales of smartphones is poised to drive the demand for context-aware technology in consumer electronics.
The augmented reality (AR) market offers significant opportunities, as it is expected to witness an enhanced proliferation of AI, which takes the inputs from a wearable device and combines them with personal data, to determine the current context in real-time and push relevant data to a user, in line with customer requirements.
North America Expected to Dominate the Market
The North American market has the presence of a majority of the market leaders, making it a forerunner in the adoption of this technology
The region is home to top users, as well as integrators of context-aware computing technology. These include technology leaders, such as Google, e-commerce giant Amazon, financial institutions such as Visa, and telecom giants such as Verizon and ATandT, who have constantly incorporated this technology to enhance their customer service and product offerings.
Apple, Amazon, and Google smart gadgets, such as watches and speakers, have established themselves in the North American market place. Increased integration of smart wearables to IoT devices, driven by the adoption of smart homes in the region, is expected to augment the market.
● The context-aware computing market was valued at USD 32.76 billion in 2018, and it is expected to reach a value of USD 158 billion by 2024, at a CAGR of 30.0% over 2019-2024. With the evolution of ubiquitous computing, which is a concept in computer science where computing is made available at any time and everywhere (due to the third wave of computing becoming popular over desktop computing) context-aware computing has also witnessed a rise in its demand. ● Artificial intelligence (AI) is rapidly becoming one of the most critical aspects in both business and science, and an increasing number of leading technology companies are showing interest in AI investment. Google’s USD 400 million acquisition of DeepMind is a prime example of rising interest in acquiring AI technology. ● Contextual awareness is the ability of computing systems to acquire, fetch, and reason the situational context, and adapt to their applications, accordingly. A context-aware system starts to collect raw, low-level contextual data, interpret the raw contextual data into high-level interpreted context, reason the interpreted context to derive implications, and adapt the application behavior, based on the implications. ● The u-Japan Strategy in 2005, which was promoted under the leadership of Japan’s Ministry of Internal Affairs and Communications (MIC), describes efforts to realize this environment, where the target was to make 80% of the country’s population comfortable with ICT by 2010s and develop the ICT industry. This strategy is now being applied by various countries to gain the prominence over context-aware computing.
Key Manufacturers Like
● IBM Corporation ● Microsoft Corporation ● Cisco Systems Inc ● Google LLC ● Oracle Corporation ● Amazon.com Inc. ● Verizon Communications Inc. ● Samsung Electronics Co. Ltd ● Apple Inc. ● Intel Corp. ● Onapsis Inc. ● Flybits Inc. ● Autodesk Inc..
Scope of the Report:
● Context awareness is the ability of a system or system component to gather information about its environment at any given time and adopt behaviors accordingly. Contextual or context-aware computing uses software and hardware to automatically collect and analyze data to guide responses.
Context Aware Computing market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Context Aware Computing market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Context Aware Computing market have also been involved in the study.
● Drivers: (Developing regions and growing markets) ● Limitations: (Regional, Key Player facing Issues, Future Barriers for growth) ● Opportunities: (Regional, Growth Rate, Competitive, Consumption)
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Key Questions Answered in Market Report: –
● What will the market growth rate, Overview and Analysis by Type of Context Aware Computing market in 2023? ● What are the key factors driving, Analysis by Applications and Countries Context Aware Computing market? ● What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Context Aware Computing? ● Who are Opportunities, Risk and Driving Force of Context Aware Computing market? Knows Upstream Raw Materials Sourcing and Downstream Buyers ● Who are the opportunities and threats faced by the vendors in Context Aware Computing space? Business Overview by Type, Applications, Gross Margin and Market Share ● What are the Context Aware Computing market opportunities, market risk and market overview of the Market?
Lastly, the Global Context Aware Computing Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.
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Study objectives of Context Aware Computing Market Report:
● To provide a detailed analysis of the market structure along with the Context Aware Computing market forecast of various segments and sub-segments of the Context Aware Computing market ● To provide insights into factors influencing and affecting market growth ● To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user ● To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries ● To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market ● To provide economic factors, technology and Context Aware Computing market trends that influence the global Context Aware Computing market
Detailed TOC of Context Aware Computing Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Integration of Artificial Intelligence into Mobile Apps
4.3.2 Rise in Integrated IoT Offerings
4.4 Market Restraints
4.4.1 Computational Complexities
4.5 Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Vendor
5.1.1 Mobile Network Operator
5.1.2 Device Manufacturer
5.1.3 Online, Web, and Social Networking Vendors
5.2 By End-user Industry
5.2.2 Consumer Electronics
5.2.3 Media and Entertainment
5.2.7 Logistics and Transportation
5.2.8 Other End-user Industries
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Microsoft Corporation
6.1.3 Cisco Systems Inc
6.1.4 Google LLC
6.1.5 Oracle Corporation
6.1.6 Amazon.com Inc.
6.1.7 Verizon Communications Inc.
6.1.8 Samsung Electronics Co. Ltd
6.1.9 Apple Inc.
6.1.10 Intel Corp.
6.1.11 Onapsis Inc.
6.1.12 Flybits Inc.
6.1.13 Autodesk Inc.
7 MARKET INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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