The Intelligent Apps Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Intelligent Apps Global Market Report 2024, The intelligent apps market size has grown exponentially in recent years. It will grow from $41.57 billion in 2023 to $56.62 billion in 2024 at a compound annual growth rate (CAGR) of 36.2%. The growth in the historic period can be attributed to increased emphasis on cybersecurity, continued advancements in ai hardware, extended use of augmented reality (AR) and virtual reality (VR), quantum computing impact, blockchain integration for data security.
The intelligent apps market size is expected to see exponential growth in the next few years. It will grow to $193.03 billion in 2028 at a compound annual growth rate (CAGR) of 35.9%. The growth in the forecast period can be attributed to rapid development in mobile app ecosystem, integration with iot devices, advancements in natural language processing (nlp), rise of cloud computing, increasing mobile device adoption:. Major trends in the forecast period include explainable ai, human augmentation, emotional intelligence integration, sustainable and ethical ai, multi-modal interaction.
The increasing demand for enterprise applications is expected to propel the growth of the intelligent apps market going forward. Enterprise applications refer to large-scale software solutions designed to support and streamline complex organizational business processes and functions. Intelligent apps often integrate with or complement enterprise applications, leveraging AI and machine learning to enhance efficiency, data analytics, and decision-making capabilities, meeting the evolving requirements of modern businesses. For instance, in May 2022, according to Eurostat, a Luxembourg-based statistical office of the European Union, in 2021, enterprise resource planning (ERP) software applications were utilized by 38% of enterprises in the European Union (EU). Further, the adoption of ERP varied, with small enterprises at 33% and large enterprises at 81%. Therefore, the increasing demand for enterprise applications is driving the growth of the intelligent apps market.
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The intelligent apps market covered in this report is segmented –
1) By Type: Consumer Apps, Enterprise Apps, Providers, Infrastructure, Data Collection and Preparation, Machine Intelligence
2) By Store Type: Google Play, Apple App Store, Other Stores
3) By Operating System: IOS, Android, Services, Professional Services, Managed Services
4) By Deployment Mode: Cloud, On- Premises
Major companies operating in the intelligent apps market are developing new products, such as analytics apps, to gain a competitive edge in the market. Analytics apps are software applications specifically designed for data analysis, interpretation, and visualization. For instance, in November 2023, Salesforce Inc., a US-based software company, launched Service Intelligence to boost agent productivity and elevate customer satisfaction. It is powered by Data Cloud, Salesforce’s real-time hyperscale data engine. Service Intelligence provides users seamless access to their business data directly within Service Cloud, eliminating the need to toggle between screens for information. The app features pre-built, customizable dashboards for critical metrics, leverages AI-driven insights through Einstein Conversation Mining, and integrates with Tableau for enhanced data exploration. The upcoming features include Copilot for Service, Einstein Studio, and Customer Effort Score, all geared towards further improving user interaction and generating valuable AI-powered insights.
The intelligent apps market report table of contents includes:
1. Executive Summary
- Intelligent Apps Market Characteristics
- Intelligent Apps Market Trends And Strategies
- Intelligent Apps Market – Macro Economic Scenario
- Global Intelligent Apps Market Size and Growth
. - Global Intelligent Apps Market Competitive Benchmarking
- Global Intelligent Apps Market Competitive Dashboard
- Key Mergers And Acquisitions In The Intelligent Apps Market
- Intelligent Apps Market Future Outlook and Potential Analysis
- Appendix
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