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FAQs

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 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 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

Product ID: SQMIG45E2074

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