Intelligent apps are designed using the latest AI and machine learning methodologies. These apps integrate functions of big data analytics for processing large volumes of consumer datasets. Enterprises utilize intelligent apps for providing actionable suggestions and delivering personalized experiences.
Growing demand from companies for analyzing business and consumer requirements through real-time and historical data is one of the driving factors of the intelligent apps market growth.
Speaking of which, the intelligent apps market is predicted to surpass USD 150 billion by the end of 2027.
Following are some of the trends contributing to the intelligent apps market growth.
The growing demand for commercial intelligent apps
The commercial intelligent apps segment is predicted to proliferate at a rate of over 40% through the forecast period. These apps are used in a wide range of applications like smart home appliance management, prioritizing and evaluating leads and alerting people in a production environment over their smartphones. Growing demand for business integration and mobility using IoT and data analytics has increased the utilization of commercial intelligent apps.
On-premise deployment to stimulate the demand for intelligent apps market
On-premise intelligent apps provide extended scalability and many cost benefits. The deployment of on-premise apps aids in removing the cloud gateway requirements and eliminated the risk related to cyberattacks. Also, enterprises incorporate intelligent apps with the current application system for offering a customized user experience to a wide customer range. Considering these factors, this segment is likely to proliferate over the forecast period.
The growing iOS user base to spur the market demand
The applications developed for iOS devices integrate corporate technologies like machine learning and artificial intelligence. This is one of the driving factors of the intelligent apps market. Owing to this the iOS segment is anticipated to augment with a CAGR of over 35% over the forecasted timeframe.
Apps like Youper, Elsa, Wysa, etc. are available on Apple’s App Store. Additionally, iPhones are integrated with ML algorithms for facilitating improved personalization alternatives. The early technological deployments and developments are some other factors responsible for the proliferation of the iOS segment.
Healthcare sector to spur the consumption of intelligent apps
Healthcare companies seek to improve the collaboration between patients and the medical workforce. These apps offer automated reminders for medications and consultation booking. Also, healthcare professionals provide deeper insights pertaining to equipment availability, consultations, etc. The growing adoption and digitization of mobile devices in healthcare facilities will possibly stimulate the usage of intelligent apps, which is why the healthcare sector is predicted to proliferate with a growth rate of 35% by the end of 2027.
The growing demand for intelligent apps in North America
North America is home to some of the biggest tech companies in the world. Companies like Apple Inc., Amazon Inc., Google LLC have expanded their business operations worldwide and are establishing their brand through innovative product launches and collaborations. Speaking of collaborations, due to the COVID-19 pandemic, many enterprises in North America have initiated to collaborate and develop intelligent apps
For instance, Apple Inc. and Google LLC in April 2020 collaborated for developing advanced APIs for COVID-19 contact tracing. These APIs were developed with vigorous interoperability capabilities that allow access to necessary healthcare insights. Such business developments will majorly contribute to the augmentation of the intelligent apps market.
Author – Saurabh More
Saurabh always had a knack for words which got him into writing albeit having a Master’s Degree in Electrical Engineering. He has molded his writing skills to become a multi-domain content writer. Saurabh is passionate about sports, cricket, and football in particular, and is also enthusiastic about poetry, history, and film-making.