Report ID: SQMIG45E2074
Report ID:
SQMIG45E2074 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|
Tables:
196 |
Figures:
80
Intelligent App Market size was valued at USD 30.91 Billion in 2023 and is poised to grow from USD 40.77 Billion in 2024 to USD 373.44 Billion by 2032, growing at a CAGR of 31.9% during the forecast period (2025-2032).
Intelligent apps provide individualized and adaptive user experiences by using historical and current data from user interactions and other sources to make predictions and suggestions. These applications can help in various activities with the help of Artificial Intellience (A.I.) and Machine Learning (M.L.) very effectively, and are widely used by individuals and business enterprises. Chatbots, virtual assistants and recommendation engines on e-commerce sites are just some examples of intelligent applications.
Increasing smartphones user-base coupled with increasing consumer expectations for rich contextual and personalized experience increasing the demand for greater business mobility, thus, resulting in driving the market growth. The increasing popularity of these applications for improving response time and help in real-time decision-making also boosts the market growth. Additionally, rapid urbanization, changes in business environments, rise in investment and adoption of business intelligence solutions for managing IT environments positively affects the intelligent app market.
Due to the high cost related with the AI-based solutions, it is anticipated to hamper the market growth. Rising concerns of security of customer data may challenge the market growth.
US Intelligent App Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45E2074