The global context-aware computing market is prognosticated to exhibit high CAGR in the coming years on account of various computing platforms launched by the market vendors. To cite an example, a secure and easy context computing platform for facilitating the sharing of information was launched in the year 2015 by IBM Corporation. This platform will not only provide better computing platform to various industries such as government, retail, banking, financial, insurance (BFSI) but will be encrypted for blocking any context breach. Such innovations, according to a report by Fortune Business Insights, will bode well for the market in the coming years.
The report on context-aware computing market is titled, “Context-Aware Computing Market Size, Share & Industry Analysis, By Vendor (Mobile Network Operator, Device Manufacturer, and Online, Web, & Social Networking Vendors), By End-user Industry (BFSI, Consumer Electronics, Media and Entertainment, Automotive, Healthcare, Telecommunication, Logistics & Transportation and Others), and Regional Forecast, 2019-2026.” According to the report, the market is anticipated to grow from USD 27.46 Billion to USD 132.15 Billion. The forecast period is set from 2019 to 2026 and the market is expected to exhibit a CAGR of 21.8%.
Use of Intelligent Recommendation Engine to Help Market Players Generate High Revenue
Major vendors operating in the market are focusing on the integration of context ware computing applications in search engines in order to enhance preference and provide recommendations to users. Online retailers such as Amazon and others are utilizing intelligent recommendation engines for extracting information of purchase items per customer based on their shopping history, specific product interest, search history, individual preferences, and others. Such strategies will help market vendors attract high revenue in the future.
As per Fortune Business Insights, the report highlights some of the context-aware shareholders in the market. These companies are mentioned below:
- Apple Inc.
- IBM Corporation
- Cisco Systems Inc.
- Oracle Corporation
- Samsung Electronics Co. Ltd
- Intel Corporation
- Flybits Inc.
- Microsoft Corporation
- Google LLC
- com Inc.
- Onapsis Inc.
North America to Remain Dominant ON Account of Presence of Major Market Players
Geographically, the market is prognosticated to be dominated by North America on account of the presence of major market vendors. In 2018, the context-aware computing market size in North America was USD 11.16 Billion. This is attributable to the rise in the integration of context-aware computing applications in mobile computing, various smart devices, and smart homes are further expected to help this region continue its dominance in the coming years as well. Besides this, the increasing investments in context-aware technologies and applications will also bode well for the overall market growth.
Browse Complete Report Details – https://www.fortunebusinessinsights.com/industry-reports/context-aware-computing-market-101605