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Intelligent Apps Market Outlook to 2025 - Google, Facebook, Intel, IBM, AWS, BigML

01-14-2020 06:23 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Intelligent Apps Market

Intelligent Apps Market

The media and entertainment segment will augment the growth of the intelligent apps market. The implementation of AI technology to enhance the speed of media production processes and to personalize the content based on data from user activity and behavior will contribute to the market growth. As user experience personalization is one of the critical factors for the media and entertainment industry, the demand for AI software will increase over the forecast timeline.

The intelligent apps market size in the retail sector is expected to increase between 2018 and 2024. Retail and consumer goods companies are embracing these apps to gain valuable data insights to optimize their supply chain, product sourcing operations, and for customer acquisition. Many e-commerce businesses are using these apps to understand their customers and provide enhanced user experience.

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Company profiled in Intelligent apps market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Google
2. Facebook
3. Intel
4. IBM
5. AWS
6. BigML
7. Sentient Technologies
8. Ayasdi
9. Baidu
10. SAP
11. Clarifai
12. CloudMinds
13. AlBrain
14. Dation
15. iCarbonX
16. Arkenea Technologies
17. Fuzzy.ai

The proliferation of the consumer apps, triggered by the rising demand for business mobility, will generate the need to use apps that can expedite business transformation and deliver new insights while unleashing higher levels of productivity. Significant benefits delivered by these apps, when combined with key trends such as IoT and data analytics, open new business prospects. Although the adoption of smart apps will witness a high demand over the forecast period, high costs associated with the implementation of AI solutions and concerns about the safeguarding the customer data act as restraining factors for the growth of the intelligent applications market.

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Asia Pacific is expected to witness the highest growth in the intelligent apps market over the forecast timeline. Huge adoption of smart apps, due to the increased penetration rate of IoT devices is one of the major factors contributing to the market growth. In this region, China and India will observe a significant growth in the intelligent apps industry due to the massive uptake of Internet-based devices and cloud-based applications. Various efforts taken by government agencies to fuel the internet adoption in this region will also contribute to the intelligent apps industry growth. For instance, in January 2017, the Chinese government invested around USD 14.5 billion in the state fund to support internet companies and other information technology-related innovations in conventional industries.

North America is projected to hold the largest market share of the intelligent apps market due to the use of technologies such as AI, cognitive computing, and analytics in various use cases across enterprises, customers, and government markets. The presence of several AI developers and technology solution providers that are developing smart apps for various business verticals contribute to the growth of the intelligent apps market.

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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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