The intelligent apps global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Intelligent Apps Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Intelligent Apps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Intelligent Apps Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the intelligent apps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent apps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the intelligent apps market report are Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, China Mobile Limited, Meta Platforms Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Salesforce Inc., Cognizant Technology Solutions Corporation, Baidu Inc., ServiceNow Inc., Twilio Inc., Pegasystems Inc., TIBCO Software Inc., BlackBerry Limited, MicroStrategy Incorporated, CloudMinds Inc., Zebra Medical Vision Ltd., Avaamo Inc., iCarbonX, Clarifai Inc., Arkenea Inc
Table of Contents
1. Executive Summary
2. Intelligent Apps Market Report Structure
3. Intelligent Apps Market Trends And Strategies
4. Intelligent Apps Market – Macro Economic Scenario
5. Intelligent Apps Market Size And Growth
…..
27. Intelligent Apps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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