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(Wireless-NewsWire.Com, January 29, 2018 ) Context-rich system is leading the current strategic technology trends. Context-rich system and real-time are important to ensure speedy decision making and better operations control. It enables effective personalization by extracting diverse signals related to the context by tracking parameter such as weather, location, speed and device. It help the user in real time life activities by sensing information such as work schedules, location, temperature, etc. The system traces the information such as voice recognition, thumb recognition and finger recognition. Context-rich system are widely used in retail, education, banking, financial institutes, etc. They helps to reduce the chance of theft and helps in keeping the personal information confidential. Context-rich system includes some of the benefits such as security, auto contextual configuration, context triggered action and creating an ecosystem.
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One of the major driving factor surging the growth of context-rich system is growing number of smartphones, increasing penetration of mobiles and connected devices, development of networking services and software technologies as a result there is a need for context-rich system. In addition to this there are several other factors fueling the growth of context-rich system are demand for context aware security, ubiquitous embedded intelligence, data sharing, increasing demand of context-rich system in ecommerce and retail, failing price of electronic are attracting users to the connected world. However, the factor hindering the growth of context-rich system is lack of awareness and lack of technical knowledge about context-rich system. Companies using the technology for better customer reach and an upsurge in global enterprise IT expenditure across various verticals is expected to boost the market over the forecasted period.
Context Rich Systems is segmented on the basis of components which includes Hardware component and Software component and further the market is breakdown as devices such as Laptops/Desktops, Smartphones, Biometrics, Tablets and Satellite Navigation System. Similarly, the market is further segmented on the basis of verticals such as Healthcare Industry, Tourism & Hospitality, Financial, Insurance & Banking, Transportation, e-Commerce & Marketing and Gaming.
The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Japan, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate context rich system market are Amazon.Com, Inc., Google Inc., Microsoft Corporation, Ds-Iq, Inc., Igate Corporation, Flytxt, Baidu, Inc., Apple Inc., Securonix and Facebook Inc
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