Global Intelligent Applications Market Will Witness Growth Opportunities Resulting From Advances In Machine Learning Opportunities, According To Fortune Business Insights
Companies in the Smart Applications market research report include Opera Software, Apple Inc., Cognizant, Google Inc., Microsoft Corporation, Hewlett Packard Enterprise, Development LP, China Mobile Limited, Samsung Electronics Co. Ltd. and SAP SE, among others.
Pune, India, January 5, 2022 (GLOBE NEWSWIRE) – The world Smart apps market is likely to grow in the coming years, favored by the growing number of smart phone users. According to a Fortune Business Insights report, titled “Smart apps market Size, share and global trend by service (Google Play, Apple App Store and others), by type of deployment (Cloud, on-premise and others), by industry (BFSI, Telecom, Retail and e-commerce and others) and geography Forecast up to 2021-2028â, The market is likely to expand in the coming years due to recent advances in real-time applications with interactive peripherals.
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The companies mentioned in the report are:
According to the Ericsson Mobility Report, it is estimated that the number of smartphone users will increase from 7.9 billion to 8.9 billion. A smart application is advanced embedded software that is integrated with real-time technologies. The smart app is mainly designed to work on smart phones, tablets and portable devices. The ability of a smart app to perform countless functions that serve a variety of indoor and outdoor purposes has led to increased adoption, globally. This in turn is expected to promote the growth of the global smart applications market during the forecast period.
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What does the report provide?
The market report provides a detailed analysis of several factors such as major drivers and restraints that will impact the growth. Further, the report provides information on regional analysis which covers different regions, contributing to the market growth. It understands the competitive landscape that involves leading companies and adopting strategies to introduce new products, announce partnerships and collaboration to help grow the market.
Machine learning and data analytics key to market growth
Smart applications incorporate interactive technologies that help them react to feedback received from the environment in which they operate. Real-time operations have created increased demand from end users. With user feedback and interactive operations, the smart app can learn and adapt using behavioral models. Machine learning algorithms allow the application to process a huge amount of data transparently, thus improving performance and enabling better user experience. The above-mentioned factors may bode well for the global smart applications market and are likely to induce the growth during the forecast period.
Ayasdi’s vision to drive the global market
In 2017, Ayasdi unveiled its latest framework designed to make smart apps run faster and better. Ayasdi’s âEnvisionâ was launched with the goal of building intelligent, business-specific applications using its unique Artificial Intelligence (AI) platform. With Envision, Ayasdi developed intelligent applications using a transparent and visually conceptualized workflow. Envision is likely to encourage its counterparts and this is expected to drive the growth of the global smart applications market in the coming years.
An overview of the impact of COVID-19 on this market:
The current situation of the COVID-19 pandemic has had a negative impact on the market. However, the reopening of commercial buildings for office work is expected to result in the need for smart technologies for a safe environment. These buildings use smart technologies such as managing regular cleaning and disinfection, good office ventilation, intelligent entrance control, temperature measuring devices, space optimization for social distancing. This is expected to accelerate the demand for advanced construction solutions in post-pandemic situations. Moreover, continuous innovation in technologies and rapid development are expected to fuel the demand for these smart buildings in the long run.
Integration of virtual reality to drive demand for smart applications
The evolution of virtual reality has been exceptional, especially its integration into smartphones. The use of virtual reality to improve user experience has been of tremendous help, which will lead to increased demand for smart apps. Moreover, the incorporation of augmented reality has also played a major role in the growing adoption of smart apps. The global smart applications market sees several growth opportunities in the coming years due to the intervention of augmented reality and virtual reality for the development of new applications.
Some of the companies that operate in the global smart 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.
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