Press release
Context Aware Computing (CAC) Market Size, Share, Analysis, Report And Forecast 2023-2028
Context Aware Computing (CAC) Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): USD 49 Billion
Forecast CAGR (2023-2028): 25%
Forecast Market Size (2028): USD 187 Billion
The growth of global context aware computing (CAC) market is driven by the developments in wireless communication technology. The increasing utilisation is smart phones and mobile computing devices are driving the growth. Additionally, the growing popularity and advancement of wearable IoT devices such as smart watches are aiding the growth. Further, the developments in virtual reality (VR) and artificial intelligence (AI) technologies will bolster the growth of CAC market in the forecast period.
Context Aware Computing (CAC) Industry Definition and Major Segments
Context Aware Computing (CAC) refers to computing patterns that considers situational knowledge about objects and their environments, individuals, and locations for providing situation-centric functions and content. This computing pattern is specifically concerned with forecasting criteria that are supported by real patterns. CAC aids in rapid decision-making at both the individual and organisational levels. CAC comprises of cloud, big data, and mobile technology.
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On the basis of type, CAC can be divided into:
Hardware
Software
Services
CAC can be divided on the basis of vendor into:
Device Manufacturers
Mobile Network Operators
Online, Web, and Social Networking Vendors
On the basis of context type CAC can be segmented into:
Computing Context
User Context
Physical Context
Time Context
CAC 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, CAC can be segmented into:
Active Maps
Adaptive Phones
Augmented Reality and Guide Systems
Conference Assistants
Cyberguides
Fieldwork
Shopping Assistants
Others
On the basis of industry verticals, the market 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
Others
On the basis of regional markets, the industry is divided into:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Context Aware Computing (CAC) Market Trends
Regionally, North America is the largest shareholder in global CAC market, owing to its dominance in AI and machine learning technologies. Additionally, the presence of key market players in USA and increasing adoption of AI and ML is expected to drive the regional market. The region is home to top users and integrators of context-aware computing technology.
Further, increasing integration of smart wearables into IoT devices, driven by the adoption of smart homes will aid the growth. Meanwhile Asia Pacific is expected to show rapid growth over the forecast period, owing to its developing industrial and technical infrastructure in emerging economies such as India and China.
Key Market Players
The major players in the market are IBM Corp, Microsoft Corporation, Cisco Systems Inc., Google LLC, Oracle Corporation, Amazon Web Services Inc., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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