Environment-based Customer Experience is One of the Key Attributes of Context Aware Computing
" The global context aware computing market is expected to witness a CAGR of above 30% during the forecast period 2019–2025 to reach revenue of ~$150 billion by 2025 "
Bangalore, India, October 10, 2019: According to recently published study “Global Context Aware Computing Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for context aware computing is expected to grow due to the increased competition in the mobile market and need to augment customer experience for better market performances.
Context aware computing finds significant interest from various industries, including manufacturing and telecom & IT. There is an increase in demand to use in-built sensor functionalities on handheld devices. This trend of using multiple advanced analytics in devices used for communication services would lead to its growth, focusing on customer involvement. This is fueling the context aware computing market and is helping to grow at a CAGR of more than 30% to reach revenue of ~$150 billion by 2025.
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North America dominates the global context aware computing market, followed by Europe and Asia Pacific. North American device manufacturers are expected to make significant investments to offer more exceptional customer experience and enhance products/services. The vendors are focusing on early market entry and capitalizing on grabbing major market share in this segment. Asia Pacific is poised to grow at the highest CAGR as the region holds great potential, owing to greater need to identify customer uses in various environments and scenarios.
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The consumer goods & retail sector is the major contributor to the context aware computing market, given the focus on the usage of mobile devices in detecting and analyzing various parameters. The other two major shares for the context aware computing market are attributed to manufacturing and telecom & IT sectors, which help enterprises, working in this field, to ease their processes.
“Context aware computing is transforming the use of mobile devices and enriching customer experience in different environments. The emergence of IoT, sensors, and analytics is leveraging the power of virtual assistant, intelligent detection, and offers insights,” pointed out Swarup Bhowal, Research Analyst, Infoholic Research
Key segments of the report include:
- Device Manufacturers
- Communication Service Providers (CSPs)
- Web Service Providers
- Consumer Goods & Retail
- Transportation & Logistics
- Energy & Utilities
- Telecom & IT
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East Africa
- South Africa
- Rest of Middle East Africa
- Latin America
- Rest of Latin America
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities