Impact of COVID-19 on the Global Pervasive Computing Technology Market
Pervasive computing, also known as ubiquitous computing, is one of the rising trends of embedding computational capabilities in everyday objects to make them communicate effectively without any user interaction. Pervasive computing devices are network-connected and are available constantly. The increasing market penetration of consumer electronics products is the key factor driving the growth of the market. The COVID-19 pandemic has neutrally impacted the pervasive computing technology market. The spread of COVID-19 across several countries has slowed down the global economy. The effects of the COVID-19 pandemic have drastically impacted the consumer electronics industry. Factors such as disruptions in the supply chains, revenue losses, and the unavailability of raw materials and labor, are responsible for the slowdown in the production of consumer electronics products, which has negatively impacted the pervasive computing technology market. The decreasing demand for smart devices owing to the global economic crisis and the changes in purchasing power and consumer behavior are also affecting the growth of the market.
Governments have initiated various precautionary measures such as partial or complete lockdowns, social distancing, and the use of masks and gloves, to curb the spread of COVID-19 through physical contact. Machine to machine communication has played a vital role during the current crisis. Machine to machine communication is the direct communication between devices using any wired or wireless communications channel. Communication takes place between point-to-point machines without human interaction, which is expected to help in containing the spread of the virus. Thus, the increasing adoption of machine to machine communications is driving the growth of the market.
Besides, the adoption of 5G technology is also expected to boost the growth of the market. However, the COVID-19 outbreak has delayed the deployment of 5G technology. It has also impacted the telecom sector as the Federal Communication Commission’s plans to hold the most extensive 5G spectrum auction have been postponed. The advent of 5G technology is projected to boost the growth of the market over the forecast period.