Context Aware Computing Market Insight | Outlook | Growth Analysis Report 2028

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Industry InsightThe take of global artificial intelligence (AI) in the manufacturing market 2020 recorded by Market Research Future reveals that the market can hit 47.09% to the net worth with USD 14.77 billion by 2024 amid the long-term impact of COVID-19.

The years of growth is calculated to be from 2019-2024.Top Grossing FactorsThe global artificial intelligence in the manufacturing market has gathered pace in its growth amid COVID-19 breakthrough with rapidly evolving industrial automation and IoT, at present.

Artificial intelligence is allied with human intelligence with similar characteristics such as understanding, problem-solving, reasoning, language, and learning.

All these factors are cheering the adoption of artificial intelligence solutions among the manufacturers to process the data and extract actionable insights.Furthermore, the factor of enhancement in automation in the manufacturing industry and the rise in demand for big data integration boost the escalation of artificial intelligence in the manufacturing market.

With this, prevalent usage of machine vision cameras in manufacturing applications, such as material movement, machinery inspection, quality control, and field service, is also to drive the growth of artificial intelligence in the manufacturing market for the forecast period.Segmentation of Market: Artificial Intelligence in ManufacturingThe study by MRFR also digs some segmentation of the global artificial intelligence in the manufacturing market, which has been done through the component, technology, application, and vertical.In terms of component segment, the market has included software, hardware, and services.

In the last segment, the services segment also has a breakdown into support & maintenance and deployment & integration.In terms of the technology segment, the market has included natural language processing, machine learning & deep learning, computer vision, and context-aware computing.In terms of the application segment, the market has included supply chain management, predictive maintenance, field services, IT management, robotics, quality control, and others.In terms of vertical segment, the market has included aerospace & defense, automobile, semiconductor & electronics, energy & power, pharmaceuticals, food & beverage, and others.Complete Report Details @ https://www.marketresearchfuture.com/reports/artificial-intelligence-ai-in-manufacturing-market-7745Regional AnalysisMarket Research Future (MRFR) study has covered some key countries in the regional analysis of artificial intelligence (AI) in the manufacturing market—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America in the rest of the world.Artificial intelligence in the manufacturing market is currently led by the Asia-Pacific region as the primary economic countries such as India, China, the Philippines, and South Korea are the major manufacturing centers of electronics, semiconductors, pharmaceuticals, and energy & power.

Deep Labs Inc., a leader in artificial intelligence and the creator of patented persona-based, context-aware decisioning and risk systems, today announced that it has closed the initial tranche of a $16 million commitment from a group of leading financial technology investors.The investor group includes highly experienced financial services investors and executives, led by Gunnar Overstrom, Partner at Corsair Capital, Serendipity Capital and Gramercy Ventures.

In connection with the investment, Overstrom and the Founding Partner of Serendipity Capital, Robert Jesudason, have joined the Board of Directors.Deep Labs, founded in 2016 by Chief Executive Officer Dr. Scott Edington together with experienced digital payments and signal experts, deploys a suite of proprietary solutions for transaction authentication and authorization.

The Company is best known for leveraging the power of persona-based intelligence to improve businesses’ ability to safely integrate customer behavior into their operations, increasing authentication accuracy and reducing susceptibility to cybercrime.“We are pleased to welcome such a high-caliber group of investors as we expand Deep Labs, add new customers and partners around the world, and continue to hire the best and brightest engineers and professionals,” said Dr. Edington.

“Our new investors have a true understanding of our business, our goals and our long-term strategy, and we look forward to benefitting from their unique expertise and experience.”Dr.

Edington continued, “We built Deep Labs with the objective of moving the world of decisioning from a static, one dimensional process to a multi-dimensional one that uses the most modern computing and mathematical methods available.

With next-generation, persona-based intelligence that leverages true context-aware computing, our innovative products represent a new way for businesses and their customers to understand how an actor’s behavior changes as it moves through time and space.

The Context-Rich System Market is expected to be worth USD 2.48 Billion by 2020 at a CAGR of 17.39% during the forecast period.

It holds a great potential in the e-commerce and marketing vertical.

Context-rich systems use different sensors for analyzing different situations or conditions and generate response accordingly for users in real-time.The market in the tourism and hospitality sector is expected to grow at the highest rate since context-rich system applications has a lot of scope in this sector in the form of digital guides and location-based services.Market Ecosystem:This report provides valuable insights regarding the ecosystem of this market such as product and application developers, OEMs, system integrators, middleware and firmware providers, suppliers and distributors, cloud-based service providers, mobile network providers, software developers, mobile sensors providers, mobile manufacturers, and standardization & testing firms.

This study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments.

Get PDF Brochure : https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=808 The Target Audience:Context-rich system and application developersSoftware providersResearch organizations and consulting companiesAssociations, forums, and alliances related to context-rich systemsInvestorsKey playersNorth America accounted for the largest share of the context-rich system market in 2014; the market in the region is expected to grow at a high CAGR between 2015 and 2020.

The increasing demand of smartphones and tablets and the preference for advanced technologies are driving the market in the North American region.One of the key restraining factors in the context-rich system market is the lack of awareness and technical knowledge about the context-rich system applications and context-aware computing technology.