Intelligent App Market Size, Share, Growth Analysis, By Store type(Google Play, Apple App Store, and others), By Deployment mode(Cloud, On-Premises), By Industry Vertical (Telecom, BFSI, Healthcare & Life Sciences, Retail & E-Commerce), By Type(Consumer Apps, Enterprise Apps), By Providers(Infrastructure, Data Collection and Preparation, Machine Intelligence), By Services(Professional Services, Managed Services), By Operating System(iOS, Android), By Region - Industry Forecast 2024-2031

Intelligent App Market size was valued at USD 23.43 billion in 2019 and is poised to grow from USD 30.91 billion in 2023 to USD 283.12 billion by 2031, growing at a CAGR of 31.9% in the forecast period (2024-2031).

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.