Context rich systems applications responds and helps users in real-time day to day life activates by sensing information like temperatures, work schedules, facial expressions, locations etc. Some of the examples of context rich systems are the software in smart phones Technologies such as thumb recognition, finger scanning bank account and voice recognition, it attract the customers who are admirers of the modern technology. With the advancement in technology in day to day life, facial recognition and detection is expected to become the main focus areas. It will improve security which in turn will secure the confidentiality of users who have online accounts such as internet and mobile banking, that will certainly led to decrease in identity theft across the world. Face recognition and gesture recognition for human-computer communication is the future, by which people will be capable to interact more efficiently.
Software applications such as context-rich computing, mobile computing, ubiquitous computing, and cloud-based services play a significant role in context rich systems. Context rich systems use Application Program Interface (API) to create applications for smartphones and are centered on computing technologies. The development in networking services and software technologies will lead the global context-rich system market. High rate of mobile penetration and connected devices are also one of the crucial factors for the growth of the global context rich systems market. Moreover, companies availing disruptive technology for better customer reach and an upsurge in global enterprise IT expenditure across verticals is further anticipated to rise the growth of this market over the estimated period. Falling prices of electronic devices and the introduction of technology are attracting users to the connected world.
The global context rich systems market is segmented on the basis of components into hardware component and software component. The market for context rich systems is further segmented by devices into laptops/desktops, smartphones, biometrics, tablets and satellite navigation system. Further, the global market for context rich systems is bifurcated by verticals into healthcare industry, tourism & hospitality, financial, insurance & banking, transportation, e-commerce & marketing and gaming. Also, the global market for context rich systems is bifurcated by regions into North America, Europe, Asia Pacific, South America and Middle East & Africa.
Currently North American region is dominating the global market for context rich systems. Adoption of new technologies and growing demand for advanced technology has led to the rise in demand. Marketers are planning to invest more in context rich systems in the near future as there is a high usage of social media due to advancement in technological departments in communication networks, infrastructure and electronics devices. Some of the major players operating in the global context rich systems are Amazon.Com, Inc., Google Inc., Microsoft Corporation, Ds-Iq, Inc., Igate Corporation, Flytxt, Baidu, Inc., Apple Inc., Securonix and Facebook Inc. among others.