In ubiquitous environments, context modeling components and personalization engines make systems adaptable to the user behavior. Current research in context management focused on specific domain or environment. To the best of our knowledge, there are no open standardized interfaces or standard representation of context models exist. Recently, ontology based Context Management System (CMS) has been proposed in research for the design of context aware system in ubiquitous computing. The objective of this research work is to systematically identify relevant research work from various electronic data sources using systematic literature review (SLR) method. Our searches identified 188 papers, out of which we found 31 for inclusion in this study. The identified CMS have been analyzed in order to identify research gaps in ontology based Context Management (CM) research domain. The findings show that most ontology based CMS do exist which are predominantly focused on specialized or specific application domain. Considering the findings in the context of previously proposed research agendas, some of the key challenges identified in ontology based CMS are: lack of consistency checker component for verifying or ensuring consistency of sensed or gathered context information against the context model and unsecured means of transferring context information between various components in a distributed environment. © 2015, Springer International Publishing Switzerland.