The global context rich systems market is expected to grow at a significant CAGR during the forecast period. The software in smartphones is an example of context-rich systems. Customers are drawn to technologies such as thumb recognition, finger scanning bank accounts, and voice recognition. By sensing information like temperatures, work schedules, facial expressions, and location, context-rich systems apps respond and assist users in real-time day-to-day life activities. Face recognition and detection are predicted to become the key focal areas as technology advances in everyday life. It will strengthen security, which will protect the privacy of consumers with online accounts like internet and mobile banking.
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Context-rich systems rely heavily on software applications such as context-rich computing, mobile computing, ubiquitous computing, and cloud-based services. Context-rich systems are centred on computing technology and employ Application Program Interface (API) to create applications for smartphones. The global context-rich system market will be led by advancements in networking services and software technologies. The rise of bringing your device (BYOD) and internet-connected gadgets for home and business has resulted in the creation of personal ecosystems and a need for apps based on context-rich systems. This is a significant element that is likely to propel the worldwide context-rich system market forward. The high rate of mobile penetration and linked devices are some of the most important aspects driving the global context-rich systems market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Device
o By End-users
- Competitive Landscape- Facebook, Inc., Apple Inc., IGATE Corporation, Google, Inc., Microsoft Corporation, and Securonix, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Context Rich Systems Market by Segments
By Components
- Hardware component
- Sensors
- Pressure/Temperature Sensor
- Audio Sensor
- Image Sensor
- Accelerometer
- Gyroscope
- Global Positioning System (GPS)
- Mobile Processors
- Bluetooth Low Energy chip
- Software component
By Devices
- Smartphone
- Tablet
- Desktop/Laptop
- Satellite Navigation System (SatNav)
- Biometrics
By Verticals
- Healthcare Industry
- E-commerce and Marketing
- Financial, Banking, and Insurance
- Tourism and Hospitality
- Transportation
- Gaming
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