The Context Aware Computing Market size is expected to grow from USD 57.07 billion in 2023 to USD 98.30 billion by 2028, at a CAGR of 11.49% during the forecast period (2023-2028).
The context aware computing market is highly fragmented. Due to players creating context-aware application programming interface (API) for the development of innovative commercial applications, the market is becoming very competitive. Moreover, many players are entering the market with innovation and development. Some of the key players in the industry are Google LLC, IBM Corporation, Microsoft Corporation, Cisco Systems Inc., and Oracle Corporation.
In April 2022, IBM introduced the IBM z16, the company's next-generation system with an integrated on-chip artificial intelligence (AI) accelerator that enables latency-optimized inference. This innovation is intended to allow clients to analyze real-time transactions at scale, such as credit card, healthcare, and financial transactions. Building on IBM's security leadership, the IBM z16 is also explicitly designed to help protect against near-future threats that could be used to crack today's encryption technologies.
Furthermore, in March 2022, Oracle Cloud Infrastructure (OCI) launched new services and capabilities to give customers greater flexibility. OCI expanded with 11 new computing, networking, and storage services and capabilities, allowing customers to run workloads faster and more securely at a lower cost. New offerings provide customers with flexible core infrastructure services, automatically optimizing resources to match application requirements and significantly lowering costs. Global organizations such as Vodafone, Samsung Securities, GoTo, and Cox Automotive rely on OCI to run various workloads, from microservices to AI.
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