Intelligent Apps Market Projected to Grow $46.98 billion by 2023
(Telecom-NewsWire.Net, October 07, 2019 ) According to Research report "Intelligent Apps Market by Type (Consumer Apps, Enterprise Apps), Provider (Infrastructure, Data Collection & Preparation), Store Type (Google Play, Apple App Store), Deployment Mode, Service, Vertical, and Region - Global Forecast to 2023", The global intelligent apps market size is expected to grow from USD 11.34 billion in 2018 to USD 46.98 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.
Major growth factors for the market include increasing use of smartphones driving the demand for greater business mobility, rising consumer expectations for rich contextual and personalized experience, and growing focus on effective and real-time mobile advertising. Increasing automation of business processes through chatbots could provide growth opportunities for vendors in the market.
Browse and in-depth TOC on "Intelligent Apps Market - Global Forecast to 2023" 69 - Tables 55 - Figures 170 - Pages
Consumer apps segment to hold the largest market size during the forecast period
The increasing number of smartphone users is contributing to the exponential growth in the number of apps that consumers use on their phones. With the rapid technological advancements in the AI field, consumer apps are designed by using AI capabilities to deliver more relevant and personalized results to end consumers.
Cloud deployment mode to hold a larger market size during the forecast period
Cloud-based apps are referred to as SaaS-based applications for intelligent apps and are gaining traction owing to their ability to offer various benefits. End users have started realizing the advantages of cloud-based intelligent apps to offer personalized experience to clients. These factors are expected to drive the adoption of intelligent apps in coming years.
North America to hold for the largest market size during the forecast period
North America is the major revenue generating region in the global intelligent apps market. The region is witnessing major developments in the intelligent apps space. A majority of the AI-based solution providers in North America are constantly involved in product innovations and deployment of the AI-based solutions. They are adopting various growth strategies to strengthen their position in the intelligent apps market.
Major vendors in the global Intelligent apps market include IBM (US), Google (US), AWS (US), Microsoft (US), Salesforce (US), Oracle(US), Apple (US), Baidu (China), SAP SE (Germany), ServiceNow (US), Facebook (US), Intel (US), HPE (US), Avaamo (US), H2O.ai (US), BigML (US), Sentient Technologies (US), Clarifai (US), CloudMinds (US), Ayasdi (US), Narrative Science (US), AIBrain (US), Dation (US), Arkenea Technologies (US), iCarbonX (US), and Fuzzy.ai (US).
Don’t miss out on business opportunities in Intelligent Apps Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: