[298 Pages Report] Global pervasive computing technology market demand is anticipated to be valued at USD 551.0 Million in 2022, forecast a CAGR of 19.9% to be valued at USD 3,390.2 Million from 2022 to 2032. Growth is attributed to the increasing usage of IoT-based applications. From 2016 to 2021 a CAGR of 18.5% was registered for the Pervasive Computing Technology market.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2016 to 2021) | 18.5% CAGR |
| Projected Growth Rate (2022 to 2032) | 19.9% CAGR |
| Expected Market Value (2022) | USD 551 Million |
| Anticipated Forecast Value (2032) | USD 3,390 Million |
Pervasive computing is a trending technology, which involves imparting of embedding computational capability to any device such as wearable computing gadgets, smartphones, lighting, etc. to facilitate effective communication.
The underlying technologies such as artificial intelligence, wireless communications, location and positioning, internet capabilities, mobile protocols, advanced middleware, networking, embedded systems and voice recognition support pervasive computing. Currently, Ubiquitous Computing is also known as IoT (Internet-of-things) which means connecting devices or everyday objects to the internet.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
Rapid Development in Technology to Drive the Growth of the Market in the Forecast Period
Growing consumer industries, for instance, logistics, healthcare, and automotive are anticipated to propel the Pervasive Computing technology (Ubiquitous Computing) Market over forthcoming years. Further, the need of being connected is spurring day by day, so to facilitate the same the demand for Ubiquitous Computing is growing.
Machine-to-machine communications, reduced data communications cost, production costs and even a decrease in the size of the transistors, these factors are piloting the growth of the Pervasive Computing technology (Ubiquitous Computing) Market.
The global pervasive computing technology is primarily driven by factors including the increasing usage of smart electronic devices. Moreover, rapid technological advancements are also expected to positively impact market growth during the forecast period. In addition, increasing uses of cloud computing are also expected to create better opportunities for the growth of the market across different parts of the world.
Although the pervasive computing technology market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth.
The pervasive computing market faces several technological challenges such as flaws in human-machine interfaces, users’ intent, energy management issues, cyber forage, and context awareness along with user privacy concerns. From the viewpoint of big data, the challenge for pervasive computing is to integrate data from many disparate sources.
Technological Advancements in Connected Devices to Fuel Industry Expansion
North America is holding the largest market share of the pervasive computing technology market due to the increasing number of smartphone users and developed infrastructure. North America accounts for a 40.1% share of the global pervasive computing technology market.
North America is considered to be a mature economy in terms of technology adoption owing to the presence of major players such as IBM Corporation in the respective region are anticipated to drive the growth of the Pervasive Computing technology market during the forecast period.
Growing preference towards wireless technologies, along with rapid adoption of advanced technology-based solutions and services is expected to create a conducive environment for pervasive computing technology during the forecast period.
High Adoption of Communication Technologies in The Region to Boost the Growth of the Market
In the Europe region, the market for pervasive computing technology is witnessing a high growth rate due to the increasing consumer preference for smart devices. The rise in disposable income, as well as the increased adoption and desire for new technical gadgets, are some of the primary drivers of pervasive computing technology market growth. The Europe pervasive computing technology market accounts for 14.7% share of the total global market.
The region has witnessed huge investments in wireless technologies and the rapid adoption of trending technologies, such as cloud, IoT, mobility, and UC, which drives the critical need for reliable connectivity and communication. Also, increasing adoption of advanced communication equipment across all industries in the region to enhance the pervasive computing technology. Moreover, rapid advancements being made in technology coupled with increasing investments in Research and Development are anticipated to further drive the market.
Increasing Digitalization in The Region Boost the Market Growth in Coming Years
The Asia Pacific is expected to offer a significant opportunity to the market for pervasive computing technology market during the forecast period, the technological advancements in the region. Factors such as the rapid urbanization and a continuous upgradation of technological infrastructures in the region would create lucrative growth prospects across the Asia Pacific region.
The market is growing due to the advancements in the consumer electronics industry. In Asia Pacific, emerging economies such as China and India are expected to drive the demand for pervasive computing owing to increasing smartphone penetration, expansion in automotive industry and growing number of internet subscribers.
The new entrants in the pervasive computing technology market are continually indulging in several collaborations and highly investing in research and development activities to provide more convenient solutions to industry verticals. Some of the major start-ups that are leading the development of the market are Vizin India Private Limited, Powercast,
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Some of the key participants present in the global pervasive computing technology market include Blazon Marketing Inc., E-Tron CO., Ltd., Hewlett-Packard, Neo Mtel Co., Ltd., Palo Alto Research center Incorporated (PARC), AT&T Inc., Maruhachi Warehouse Co., Ltd., IBM Corporation, Fujitsu Laboratories of America, Inc., and Tata Consultancy Services Limited. among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Blazon Marketing Inc., E-Tron CO., Ltd., Hewlett-Packard, Neo Mtel Co., Ltd., Palo Alto Research center Incorporated (PARC), AT&T Inc., Maruhachi Warehouse Co., Ltd., IBM Corporation account for considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 19.9% from 2022 to 2032 |
| Expected Market Value (2022) | USD 551 Million |
| Anticipated Forecast Value (2032) | USD 3390.2 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Products, Mobile Computing, Context Adaptation & Adaptation Application Architecture, Intelligent Environment, Applications, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, China, Japan, South Korea, Malesia, Singapore, Australia, GCC Countries, Southern Africa, Israel |
| Key Companies Profiled | Blazon Marketing Inc.; E-Tron CO., Ltd; Hewlett-Packard; Neo Mtel Co., Ltd.; Palo Alto Research center Incorporated (PARC), AT&T Inc.; Maruhachi Warehouse Co., Ltd.; IBM Corporation; Fujitsu Laboratories of America, Inc.; Tata Consultancy Services Limited. |
| Customization | Available Upon Request |
FMI projects the global pervasive computing technology market to expand at a 19.9% value CAGR by 2032
North America is expected to be the most opportunistic with a 40.1% share of the total pervasive computing technology market
Blazon Marketing Inc., E-Tron CO., Ltd., Hewlett-Packard, Neo Mtel Co., Ltd., Palo Alto Research center Incorporated (PARC), AT&T Inc., Maruhachi Warehouse Co., Ltd., IBM Corporation are some prominent pervasive computing technology, market manufacturers.
| Market Size (2023) | USD 44.2 billion |
|---|---|
| Market Size (2033) | USD 258.87 billion |
| Market Value CAGR (2023 to 2033) | 19.3% |
| Market Size (2023) | USD 52.15 billion |
|---|---|
| Market Size (2033) | USD 107.48 billion |
| Market CAGR (2023 to 2033) | 7.5% |
Explore Digital Transformation Insights
View Reports
Pervasive Computing Technology Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
