Intelligent Apps Market– Covid-19 Impact and Global Analysis – By Product Type, End-Users, Application, In-Depth Analysis 2029

 

Research Nester released a report titled “Intelligent Apps Market: Global Demand Analysis & Opportunity Outlook 2029”which delivers detailed overview of the global intelligent apps in terms of market segmentation by type, providers, services, deployment and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The intelligent apps market is projected to grow with a high CAGR during the forecast period, i.e., 2021-2029 on account of the increasing usage of smartphones, rising adoption of AI technology, and increasing trend of mobile app-based advertising across verticals.

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Reports of the India Brand Equity Foundation stated that, the India’s e-commerce sector is predicted to reach USD 99 billion by 2024. However, in 2019, online retail penetration stood at 4.7% and is expected to reach 10.7% through 2024.

On the basis of type, market is segmented into consumer apps and enterprise apps, out of which, the enterprise apps segment is anticipated to grab the largest share in the market as the incorporation of artificial intelligence and machine learning abundantly assists in the business transformation

On the basis of deployment model, the market is segmented into on-premise and cloud. The cloud deployment segment in the global intelligent apps market is projected to grow with a significant CAGR over the forecast period. Cloud-based intelligent apps solutions are becoming the popular choice among users, as the cost related to infrastructure maintenance is reduced.

On the basis of vertical, market is segmented into retail and e-commerce, BFSI, manufacturing, education, healthcare, telecom and others. Among all, manufacturing sector is supposed to generate highest revenue followed and retail and e-commerce. In the manufacturing sector, the intelligent app’s importance is rapidly increasing which are based on a SaaS analytical cloud application that stores, acquires, and makes the decision for operational data from shop floor systems including, machines, test stations, sensors, equipment and simulation machines combined with data from HCMs and ERP. AI and ML are the key technologies that maximize productivity by mitigating quick decisions in case of downtime.

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America holds the highest share. Although, the market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the rising adoption of advanced technologies in the region.

Increasing Usage of Smartphones to Drive Market Growth

The 2020 report of GSMA stated that there are over 3.5 billion smartphone users worldwide by the end of January 2020.

The rise in smartphone usage, increasing the demand for greater business mobility, acts as one of the major factors driving the growth of the intelligent apps market. The increasing consumer expectations for a rich contextual and personalized experience and growing emphasis on practical and real-time mobile advertising accelerate the intelligent apps market growth.

This report also provides the existing competitive scenario of some of the key players of the global intelligent apps market which includes company profiling of IBM (NYSE: IBM), Google LLC (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Amazon Web Services, Microsoft Corporation (NYSE: MSFT), Cloud Minds Technology Inc., Oracle Corporation (NYSE: ORCL), Facebook, Inc. (NASDAQ: FB), and Narrative Science.

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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global intelligent apps market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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