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Context Aware Computing Market Share 2019 In-Depth Analysis of Industry Growth Trends & Forecast up to 2024

Author : Ronak Bora | Published Date : 2019-03-27 

Asia Pacific context aware computing market is predicted to be the most attractive region, over the forecast period. The growth can be attributed to rapid growing adoption of these systems across the region. Europe and North America is expected to exhibit considerable growth over the timeframe.

Context aware computing market is expected to reach over USD 125 billion by 2023, growing at over 30% CAGR from 2016 to 2023. These systems are mainly used to improvise the quality of interaction with the end user. Increasing industry demand for leveraging these systems to attain better target prospects is projected to drive growth over the forecast timeframe.

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Context is anticipated to be the most adopted component and is expected to lead the industry over next few years. It is likely to reach at USD 56 billion by 2023, growing at over 30% CAGR.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Baidu
  • Crowdoptic
  • Flytxt
  • Intel
  • Loopt
  • Mxit
  • Openstream
  • Pontis
  • Proxomo
  • Samsung
  • Securonix
  • Telefónica
  • Teliasonera
  • Telnic
  • Threatmetrix
  • Verizon Communications
  • Vodafone

Rising demand to augment productivity and collaboration is likely to propel context aware computing market share over the next seven years. Budding context-enriched services are predicted to use situational and environmental information about the user’s presence, social attributes, location, etc. to foresee end users’ immediate requirements. Thus, they proactively offer situation awareness with more sophisticated and better utility functions.

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Escalating penetration of mobile computing devices such as tablet, PC, and smartphone along with advent of smart wearable devices is projected to further catalyze the context aware computing market demand from 2016 to 2023. The wearable technology market is forecast to exceed USD 35 billion by 2023. Personal electronics consumption is on the rise across regional industries, with tablets gaining market share on account of changing consumer preferences, BYOD adoption, and considerable technology innovation.

Based on product, the industry can be categorized into adaptive phones, active maps, augmented reality & guided systems, cyber guides, conference assistants, fieldwork, web browsers, location-aware information delivery, office assistants, shopping assistants, people & object pagers.

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Industry participants holding substantial share include Amazon, Appear Networks, Apple, Autodesk, Facebook, Microsoft, Nokia and Google.

Some other prominent industry players are Baidu, Crowdoptic, Flytxt, Intel, Loopt, Mxit, Openstream, Pontis, Proxomo, Samsung, Securonix, Telefónica, Teliasonera, Telnic, Threatmetrix, Verizon Communications Inc, and Vodafone.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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