Overview and Scope
An intelligent app, or AI-powered app, is a software application that leverages cutting-edge technologies such as machine learning, natural language processing, and data analytics to provide a sophisticated and dynamic user experience. They are used to offer proactive suggestions, recommendations, and actions, saving users time and effort.
Sizing and Forecast
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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Segmentation & Regional 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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The intelligent apps market report table of contents includes:
1. Executive Summary
2. Intelligent Apps Market Characteristics
3. Intelligent Apps Market Trends And Strategies
4. Intelligent Apps Market – Macro Economic Scenario
5. Global Intelligent Apps Market Size and Growth
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32. Global Intelligent Apps Market Competitive Benchmarking
33. Global Intelligent Apps Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intelligent Apps Market
35. Intelligent Apps Market Future Outlook and Potential Analysis
36. Appendix
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