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Personal Assistance Apps Market is Projected to Reach US$ 23.67 Billion by 2033

10-16-2023 08:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR Market Research

Worldwide demand for personal assistance apps is forecasted to increase at an impressive CAGR of 18.34% from 2023 to 2033. The global personal assistance apps market is currently worth US$ 4.37 billion and is thus expected to reach US$ 23.67 billion by the end of 2033.

Personal assistance applications are software programs that help people manage their everyday activities and chores more effectively. Apps like these are often available on mobile devices such as smartphones and tablets, and they can perform a range of activities.

For more insights into the Market, Request a Sample of this Report:
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Key Trends:

1. Voice Assistants: Voice-activated personal assistants like Amazon's Alexa, Apple's Siri, Google Assistant, and Microsoft's Cortana have gained significant popularity. The integration of these voice assistants into various devices, from smartphones to smart speakers, has transformed the way people interact with technology.

2. AI-Powered Chatbots: The use of artificial intelligence in chatbots has become increasingly sophisticated. Personal assistance apps and chatbots are being used in various industries, from customer support to e-commerce, to enhance user experiences and streamline communication.

3. Personalization: Apps are becoming more adept at understanding user preferences and providing personalized recommendations and content. This personalization enhances user engagement and satisfaction.

4. Multimodal Interfaces: Apps are expanding beyond text and voice into multimodal interfaces, incorporating elements like images, videos, and augmented reality to provide richer and more interactive user experiences.

5. Integration with IoT: Personal assistants are being integrated with the Internet of Things (IoT) to control smart devices and appliances at home and work. Users can control their lights, thermostats, security systems, and more through personal assistant apps.

Competitive landscape:

Key players in the personal assistance apps market are actively pursuing strategies such as investments, acquisitions, collaborations, R&D activities, and technological innovations to grow and strengthen their global presence.

• In 2021, Apple removed the old default female voice and added two new gender-based voices to its personal assistance app. This new version was made available for both iPads and iPhones, allowing users to select their preferred voice during setup.

• Google improved its applications in 2021 to recognize difficult contact names and to include a timer feature. According to the firm, with this new upgrade, the assistant will pay close attention to pronunciation and will be able to retain it permanently without the need for voice recording.

• In 2021, eGain Corporation collaborated with GreenPath Company to offer Anywhere Anytime Virtual Finance Coach, a new personal assistance application. This app delivers judgment-free financial guidance at any time and in any location.

Key Companies Profiled:
• Amazon.com, Inc
• SAMSUNG
• RoboBot Studio
• Microsoft
• Google LLC
• Apple Inc
• IBM Corporation
• Oracle Corporation

For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/6846

Questionnaire answered in the Market outlook Report of Personal Assistance Apps include:

• What is the key strategy deployed by large players to maximize Personal Assistance Apps Market growth?

• What are the main challenges faced by players in the Personal Assistance Apps market Demand?

• With the advent of technological advancement, how will the Personal Assistance Apps market landscape change over the forecast period?

• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Personal Assistance Apps market size?

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