The Global Intelligent App Market is likely to grow in the coming years, favoured by increasing number of smart phone users. According to a report by Fortune Business Insights, titled “Intelligent App Market Size, Share and Global Trend By Service (Google Play, Apple App Store and Others), By Deployment Type (Cloud, On-Premises and Others), By Industry Vertical (BFSI, Telecom, Retail and e-commerce and others) and Geography Forecast till 2025,” the market is likely to expand in the coming years due to recent advancements in real time applications with interactive peripherals.
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According to the Ericsson Mobility Report, it is estimated that the number of smart phone users will rise from 7.9 Bn to 8.9 Bn. An intelligent app is an advanced embedded software that is integrated with real time technologies. Intelligent app is mostly built to operate on smart phones, tablets, and wearable devices. The ability of an intelligent app to perform countless functions that serve various indoor and outdoor purposes have led to an increased adoption, globally. This, in turn is likely to favor growth of the global intelligent app market during the forecast period.
Machine Learning and Data Analytics Are Key to Market Growth
Intelligent apps have interactive technologies embedded within, that helps them to act on the feedback received from the environment that they are acting in. Real-time operations have created an increased demand from end users. With feedback from the users and interactive operations, the intelligent app can learn, and adapt with the help of behavioural patterns. Machine learning algorithms allow the app to seamlessly process huge amount of data, thereby improving performance and enabling better user experience. The aforementioned factors may bode well for the global intelligent app market and are likely to induce growth during the forecast period.
Ayasdi’s Envision to Boost the Global Market
In 2017, Ayasdi unveiled its latest framework that was built to speed up and enhance operation of intelligent apps. Ayasdi’s ‘Envision’ was launched with an aim of building business specific intelligent apps with the help of its exceptional artificial intelligence (AI) platform. With Envision, Ayasdi developed intelligent apps with the help of seamless and visually conceptualized workflow. Envision is likely to encourage its counterparts and this is likely to favor the growth of the global intelligent app market in the coming years.
Virtual Reality Integration to Boast Demand for Intelligent Apps
The evolution of virtual reality has been exceptional, especially its integration in smartphone devices. The use of virtual reality to improve user experience has been of a massive help and this will lead to an increased demand for intelligent apps. Additionally, incorporation of augmented reality has also played a major part in growing adoption of intelligent apps. The global intelligent apps market sees several growth opportunities in the coming years due to intervention of AR as well as VR for development of newer apps.
Some of the leading companies that are operating in the global intelligent apps market are Opera Software, Apple Inc., Cognizant, Google Inc., Microsoft Corporation, Hewlett Packard Enterprise, Development LP, China Mobile Limited, Samsung Electronics Co. Ltd., and SAP SE.
Top Players List:
- Opera Software
- Hewlett Packard Enterprise
- China Mobile International Limited
- Samsung Electronics
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, rising adoption of e-financial services is expected to boost the global market.
Major Segments Mentioned:
- By Service
- By Deployment Type
- By Industry Vertical
- By Geography
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Intelligent App market.
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to rising adoption of sedentary lifestyle in nations such as India and China.
The report also offers insights on the key players operating in the global Intelligent App market.
Major Table of Content for Intelligent App Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Intelligent App Market Analysis, Insights and Forecast, 2014-2025
- North America Intelligent App Market Analysis, Insights and Forecast, 2014-2025
- Europe Intelligent App Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Intelligent App Market Analysis, Insights and Forecast, 2014-2025
- Middle East and Africa Intelligent App Market Analysis, Insights and Forecast, 2014-2025
- Latin America Intelligent App Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
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