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The global context aware computing market size is projected to reach USD 153.37 billion by 2028 on account of the increasing adoption of online commerce platforms worldwide, states Fortune Business Insights™ in its report, titled “Context Aware Computing Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions and Services), By Vendor (Mobile Network Operator, Device Manufacturer, and Online, Web, and Social Networking Vendors), By End-User (BFSI, Consumer Electronics, Media and Entertainment, Automotive, Healthcare, Telecommunication, Logistics and Transportation, and Others), and Regional Forecast, 2021-2028”. The report further states that the market value stood at USD 35.12 billion in 2020 and the market is expected to register a promising CAGR of 20.8% from 2021 to 2028.
The COVID-19 pandemic outbreak has favored the context aware computing market growth as the adoption of work from home models has stoked the demand for secure access to corporate data and networks. Moreover, 5G rollouts in leading economies are envisaged to propel the demand for advanced computing technologies as 5G ensures strong and fast internet connectivity. As a result, the market showcased an impressive CAGR of 15.4% in 2020.
CEVA Collaborates with DARPA to Accelerate Technological Innovation
In January 2021, CEVA, Inc. announced the signing of an open licensing agreement with the US Defense Advanced Research Projects Agency (DARPA). Under the agreement, CEVA and DARPA will combine resources and expertise to speed up technology-based innovations in DARPA programs. As part of the DARPA Toolbox initiative, the partnership will build a framework using which DARPA organizations can access and leverage the complete suite of CEVA’s IPs, tools, and support systems to accelerate their programs. DARPA’s Toolbox program is a concerted effort to create open licensing opportunities with commercial technology innovators and suppliers to researchers working under DARPA’s ambit.
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Widening Applications of AI in Network Security to Fuel the Market
Context aware computing (CAC) has surfaced as a promising technology that can bolster system-wide capabilities of software and hardware to fight cyber-attacks. Combined with artificial intelligence (AI), CAC holds limitless potential in providing sophisticated security to company networks. For example, context-aware artificial intelligence (CAAI) can minimize the possibility of false positives and false negatives, delivering accurate results to network analysts. Furthermore, CAAI can help analysts to condense the vast volumes of data generated by the corporate sector into actionable intelligence. This ability of CAAI is considered to be critical for network experts to navigate Big Data systems adopted by companies worldwide. In addition, context-aware AI computing is also equipped with predictive capabilities that can prove immensely useful in anticipating data breaches and preventing adverse events well in advance.
Introduction of Advanced CAC Solutions to Make Competition Fierce
The leading competitors in this market are concentrating their investments towards developing and launching breakthrough context aware computing solutions and services. This is allowing key players to rapidly broaden their portfolios and enhance their existing offerings, besides enabling them to swiftly integrate their solutions with smart technologies, such as AI, the Internet of Things (IoT), and machine learning (ML).
List of Key Players Profiled in this Market Report:
Further Report Findings:
Table of Segmentation
Value (USD Billion)
Component; Vendor; End-User; and Geography