Global Context-Rich System Market is expected to rise from its initial estimated value of USD 3.08 billion in 2018 to an estimated value of USD 10.19 billion by 2026, registering a CAGR of 16.10% in the forecast period of 2019-2026.
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Global Context-Rich System Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of context-rich system market for global, Europe, North America, Asia Pacific and South America.
Key Developments in the Market
- In August 2018, Intel announced the acquisition of Vertex.ai with the company focused on development of artificial intelligence and learning technology for the application in different platforms. This acquisition was completed with the aim of Intel in expanding their product portfolio and technologies, improving their learning technological softwares.
- In December 2016, Microsoft announced the acquisition of LinkedIn, a social networking platform focusing on the professional aspects of individuals and enterprises providing job opportunities and giving a platform to network and connects with others. This acquisition has expanded microsoft’s intention to expand its business dimensions.
Global Context-Rich System Market Segmentation:
- By Technology
- Ubiquitous Computing (Pervasive Computing)
- RFID (Radio-Frequency Identification) Technology
- Mobile Computing
- Pressure/Temperature Sensors
- Image Sensors
- Audio Sensors
- GPS (Global Positioning System)
- Mobile Processors
- Bluetooth Low Energy Chip
- SatNav (Satellite Navigation System)
- BFSI (Banking, Financial Services & Insurance)
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Context-rich systems, is known as the advancements carried out in the technologies so that various contexts and contents are accessible by the user as their requirement. Software’s majorly found in advance stages in our smartphones and other electronic devices uses the latest technology and advanced features like biometric scanning, face scan, or even voice recognition. Context-rich systems are based on the user preferences, their environment and search history showing the content based on all these parameters.
Increased sales of smartphones in the first quarter of 2018 as compared to first quarter of 2017 is expected to increase the demand for context-rich system market where the sales in first quarter of 2017 raised from 378 million units to 383.5 million units in the first quarter of 2018.
- User-based content and preferences of the consumers is expected to drive the market growth
- Increased demand of smartphone systems and advancements in those technologies
Global Context-Rich System Market Major Competitors:
Few of the major competitors currently working in the context-rich systems market are Amazon.com Inc., Google, Microsoft, Apple Inc., Baidu Inc., Capgemini, DS-IQ Inc., Flytxt., Securonix Inc., InMobi., Intel Corporation, SAMSUNG, IBM Corporation, Motorola Mobility LLC., and BlackBerry Limited.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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