Pervasive Computing Technology Market Overview
Pervasive computing, also widely known as ubiquitous computing, is designed to make embedding computational capability effectively communicate and perform useful tasks, minimizing the end user's need to interact with computers as computers. The pervasive computing technology market is growing steadily due to the increasing uptake of cloud-based services in growing numbers of enterprises.
With the proliferation of smartphones, smart mobile devices, and connecting workforce solutions, the market is projected to witness exponential growth in the upcoming period. In this regard, Market Research Future (MRFR) asserts that the global pervasive computing technology would garner significant traction by 2027, registering a striking CAGR during the forecast period (2020 - 2030).
Additionally, the growing adoption of IoT is also one of the predominant factors fostering the market growth. Augmented uptake of BYOD policy in organizations and the rising demand for high-speed data services fuels the market growth further. Similarly, the spurring increase in web-based applications and government funding towards secured centrally connected systems supports the market growth.
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Pervasive Computing Technology Market - Segmentation
The market has been segmented into types, applications, and regions. The types segment is sub-segmented into mobile computing, distributed computing, location computing, context-aware computing, mobile networking, sensor networks, artificial intelligence, and human-computer interaction.
The application segment is sub-segmented into energy management, transportation, environment monitoring, industrial logistics, and others. The end-user segment is sub-segmented into automotive, electronics semiconductors, healthcare, food packaging, and others.
Pervasive Computing Technology Market - Regional Analysis
North America dominates the global pervasive computing technology market. The region is a hub for many enterprises and early adopters of innovative technology, offering a favourable platform for the technology to evolve significantly. Resultantly, the market significant upgrades in technologies, manufacturing process operations, and industrial infrastructure.
Besides, the largest market share attributes to the vast cell phone consumer base and advancements in Wi-Fi, WLANs, and 4G/LTE. The strong presence of major market players, rising mobile networks, and increased demand for high-speed data services are other key factors driving the cloud HPC market size in this region.
Europe follows the lead, heading with the processing innovation relied upon tremendous development in the conjecture time frame. Proliferation of mobile devices, wide adoption of cloud-based solutions among SMEs large enterprises, and developments in the IT sector are key factors propelling the market growth in the region.
The Asia Pacific region is the third-largest market for pervasive computing technology. The market is driven by the growing opportunities in emerging countries, including the rising adoption of cloud services and the inclination to automation. Markets in China, Japan, and India hold considerable shares in the market due to the headways in the buyer gadgets industry.
Prominent players in this market constantly invest in research and development for innovations that present a cost-effective secured WLAN group fostering the market growth.
Global Pervasive Computing Technology Market - Competitive Landscape
The market appears fiercely competitive, mainly due to major players focusing on developing their product portfolio with the help of advanced technologies. Various dynamic and diversified organizations, having an international presence and new entrants, form a competitive landscape. Innovating continuously and increasingly, these leaders seek market expansion. Also, an ever-increasing emphasis on branding-oriented efforts has been observed among the vendors.
Mergers acquisitions, innovation and increasing RD investments to develop a cost-effective product portfolio and expand global footprints remain key strategies for these players. Rising government funding motivates these companies to develop new technology that matches changing trends and needs across enterprises. These players possess state-of-the-art RD labs and a strong sales distribution network that help them reach the top of the market.
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Major Players
Players leading the pervasive computing market include Blazon Marketing Inc., E-Tron Co.Ltd., Hewlett-Packard, Neo Metal Co.Ltd., Palo Alto Research Center Incorporated (PARC), TT Inc., Maruhachi Warehouse Co.Ltd., IBM Corporation, Fujitsu Laboratories of America, Inc., and Tata Consultancy Services Limited, among others.
Industry/ Innovation/ Related News:
June 07, 2021 – WISeKey, a leading global cybersecurity company, announced the completion of the integration of Arago's AI capabilities with its semiconductor manufacturing.
WISeKey is currently deploying large-scale digital identity ecosystems for people and objects using Blockchain, AI, and IoT, respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping internet of everything.
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