What is the global market size of the Intelligent App Market?

Global Intelligent App Market size was valued at USD 23.43 billion in 2021 and is poised to grow from USD 30.91 billion in 2022 to USD 283.12 billion by 2030, growing at a CAGR of 31.9% in the forecast period (2023-2030).

Global Intelligent App Market Size, Share, Growth Analysis, By Store type(Google Play, Apple App Store), By Deployment mode(Cloud, On-Premises), By Industry Vertical (Telecom, BFSI), By Type(Consumer Apps, Enterprise Apps), By Providers(Infrastructure, Data Collection and Preparation), By Services(Professional Services, Managed Services), By Operating System(iOS, Android) - Industry Forecast 2024-2031

Report ID: SQMIG45E2074 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 196 | Figures: 80

Global Intelligent App Market Insights

Intelligent App Market size was valued at USD 23.43 billion in 2019 and is poised to grow from USD 30.91 billion in 2023 to USD 283.12 billion by 2031, growing at a CAGR of 31.9% in the forecast period (2024-2031).

Intelligent apps provide individualized and adaptive user experiences by using historical and current data from user interactions and other sources to make predictions and suggestions. These applications can help in various activities with the help of Artificial Intelli ence (A.I.) and Machine Learning (M.L.) very effectively, and are widely used by individuals and business enterprises. Chatbots, virtual assistants and recommendation engines on e-commerce sites are just some examples of intelligent applications.

Increasing smartphones user-base coupled with increasing consumer expectations for rich contextual and personalized experience increasing the demand for greater business mobility, thus, resulting in driving the market growth. The increasing popularity of these applications for improving response time and help in real-time decision-making also boosts the market growth. Additionally, rapid urbanization, changes in business environments, rise in investment and adoption of business intelligence solutions for managing IT environments positively affects the intelligent app market.

Due to the high cost related with the AI-based solutions, it is anticipated to hamper the market growth. Rising concerns of security of customer data may challenge the market growth.

US Intelligent App Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Intelligent App Market Report Snapshots

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Global intelligent app market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Salesforce', 'Oracle', ' IBM Corporation ', ' Amazon Web Services, Inc. ', ' Google LLC ', ' Apple Inc. ', ' Microsoft Corporation ', ' SAP SE ', ' Baidu, Inc. ', ' Wipro Limited ', ' Infosys Limited ', ' HCL Technologies Limited ', ' Huawei Technologies Co., Ltd. ', ' AT&T Inc. ', ' Accenture PLC ', ' Cognizant Technology Solutions Corporation ', ' Capgemini SE ', ' TIBCO Software Inc. ', ' Zoho Corporation Pvt. Ltd. ', ' Pegasystems Inc. '

Increased preference towards A.I. and M.L. based innovations of intelligent apps in smartphones is driving the market during the forecast period. The manufacturing companies are improving these products to meet the increasing expectations for customizable captivating user interface.

The broadcast and media companies are actively seeking to extend their content reach to the right where it is needed. Also, with the increasing number of people subscribing to OTT platforms, manual tagging of content is close to impossible with the time, as they need to process the massive volume of data. Hence, companies are making efforts to deploy or develop intelligent applications for users with value-added experiences.

North America held the largest global intelligent app market share thanks to the growing popularity for these apps by various industries for analysing of data. Smooth internet connectivity for operating intelligent apps, and increasing adoption by major companies in the region are boosting the market growth.

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Global Intelligent App Market Insights

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