Albany, NY -- (SBWIRE) -- 04/26/2018 -- Most of the IT giants are also leaders in the global context rich systems market. Companies such as Google, Inc., Facebook, Inc., Microsoft Corporation, Apple, Inc., and Amazon.com, Inc., have already posited significant investments in the development of their context rich systems.

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According to a new publication by Transparency Market Research, a large portion of the global context rich systems player base is focused on developing business strategies that revolve around the designing of CRS solutions and the manner they can be offered at an enterprise level.

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The global market for context rich systems is expected to progress at a CAGR of 15.9% within a forecast period from 2015 to 2022, in terms of revenue. This revenue is expected to reach US$2.43 bn by the end of 2016 and US$5.79 bn by the end of 2022.

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The number of smartphone users were estimated to be close to 3.6 billion in 2014, and according to the ITU, another billion users will be added to this number by 2020. "This is a globally spread out shipment of connected devices, at the pinnacle of which lie the smartphone businesses," states a TMR analyst. "This is a staggering increase in the number of Internet users and draws a much greater attention towards online marketing and advertising."