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Intelligent Apps Market by Type, Provider, Store Type, Deployment Mode, Service, Vertical And Region - Global Forecast to 2023

Intelligent Apps Market: Global Forecast until 2023

  • October 2018
  • 171 pages
  • ID: 5588817
In this report:
The smartphone adoption is expected to increase to ##%-##% by 2020 in APAC, because of the low-cost smartphones and the rise in the incomes.
The market size of the cloud deployment mode segment is expected to grow from USD ##.## million in 2018 to USD ##,##.## million by 2023, at a higher CAGR of ##.##% during the forecast period, as most of the developers prefer Google App Engine, Engine Yard, Heroku, and Azure Platform-as-a-Service (PaaS) for the easy deployment of intelligent apps.

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The overall intelligent apps market size to grow at a compound annual growth rate (CAGR) of 32.9% during the forecast horizon

The overall intelligent apps market size is forecasted to grow from ~$11.3B in 2018 to ~$47.0B by 2023, at a Compound Annual Rise rate of 32.90 percent during the forecast period. Main increase factors for the industry contain growing consumer expectation for rich contextual and personalized experience, and the increasing use of smartphones driving the industry demand for greater business mobility. Nevertheless, fragmentation in mobile operating systems may restrain the market increase. High cost of implementing AI solutions is a main challenge for the increasing adoption of intelligent apps.

Enterprise apps to grow at a higher rate during the outlook period

The intelligent apps market by category includes consumer apps and enterprise apps.The enterprise apps segment is anticipated to rise at a better compound annual growth rate during the estimate period.

An rising demand for optimized and secure mobility solutions among companies is driving the adoption of intelligent apps across verticals.

Asia-Pac to record the maximum growth rate during the outlook period

Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) in the overall intelligent apps market during the estimate period.The AI market in Asia-Pacific has recently progressed from its nascent stage to intermediate stage.

The Asia-Pacific regions is also anticipated to account for the biggest industry size during the outlook period. The government investments and the big presence of top actors, including Microsoft, IBM, Facebook, Google, and Hewlett-Packard Enterprise, are driving the intelligent apps market in the APAC region especially in China, Japan (JP), Singapore (SG), and India (IN).

In the plan to determine and verify the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The following is the breakup of primary participants' industry profiles:

• By Company category - Tier 1 - 10.0 percent, Tier 2 - 48.0 percent, and Tier 3 -42.0 percent

• By Description - C-suite - 32.0 percent, Director-level - 40.0 percent, and Others - 28.0 percent

• By Area - North America (NA) - 20.0 percent, EMEA- 38.0 percent, and Asia-Pac - 42.0 percent

Main vendors in the overall intelligent apps market contain IBM (NYSE:IBM), Google, AWS, Microsoft, Salesforce, Oracle Corporation (NYSE:ORCL), Apple, Baidu, SAP SE (SAP), ServiceNow, Facebook, Intel, HPE, Avaamo, H2O.ai, BigML, Sentient Technologies, Clarifai, CloudMinds, Ayasdi, Narrative Science, AIBrain, Dation, Arkenea Technologies, iCarbonX, and Fuzzy.ai.

Segment Research

The document breaks down the overall intelligent apps market by category, providers, store type, services, deployment modes, verticals, and territories.The deployment modes in the intelligent apps market are cloud and on-premises.

There are consumer apps and enterprise apps in the intelligent apps market.The store types in the intelligent apps market are Google Play, Apple App Store, and others (slideME, Amazon app store, Baidu app store, Samsung galaxy app store, and others).

The intelligent app market by provider contains infrastructure providers, data collection and preparation providers, and machine intelligence service providers.The sector by vertical includes retail and eCommerce, Banking, Financial services and Insurance (BFSI), education, media and entertainment, travel and hospitality, healthcare and life sciences, and others (energy and utilities, manufacturing, and government and defense).

Intelligent apps market by region studies the market in 5 main regions: North America continent, Europe (EU), Asia Pacific (APAC), Middle East (ME) and African continent, and Latin America area.

The industry report benefits the market top players and new sector entrants in the overall intelligent apps market in these ways:

1. The document breaks down the market into several subsegments, therefrom it includes the industry overall. The study offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split into different application areas and localities.

2. The analysis helps understand the global increase of the market. It offers info on the top market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits institutions better comprehend players and obtain additional insights to enhance their rank in the sector. Additionally, the market research presents the positioning of the main actors established on their product offerings and strategic management.

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