According to the research report titled ‘Global Intelligent apps Market Size study, by Type (Consumer apps, Enterprise Apps), by Deployment Mode(On-Premises, Cloud-based), by Services(Professional Services, Managed Services), by Store Type(Google Play, Apple App Store)and Regional Forecasts 2021-2027’, available with Market Study Report, global intelligent apps market size was worth USD 15 billion in 2020 and is expected to record a CAGR of 35% over 2021-2027, subsequently reaching USD 122.58 billion by the end of the assessment period.
 

Expansion of data center network, growing adoption of smartphones, and surging demand of artificial intelligence (AI) technology is fueling global intelligent apps market growth.
 

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For the record, in 2021, the US federal government invested USD 180 million in the latest round of AI Research Institutes, building on the USD 1 billion in awards offered to 12 institutes across the economy earlier this summer, and also teamed with Accenture, Google, Amazon, and Intel for support.
 

Further, the consumer intelligent apps market in the UK is predicted to increase at a rate of 35% through 2027. These apps are mostly utilized for granular processing of real-time and historical customer-to-business data, allowing key players to tailor their services to the preferences and demands of potential clients using such apps.
 

Notably, intelligent apps make predictions and recommendations based on previous and current data from user interactions and other sources, offering a more personalized and adaptive user experience.
 

Organizations in the regional intelligent apps industry are working to expand their data center network across the country. In fact, in October 2020, Oracle Corporation, built a new data center in Dubai, expanding its reach and providing access to Oracle Cloud applications for the development of intelligent apps.
 

Speaking of challenges, rising concerns regarding separating in mobile operating systems and hefty implementation cost of AI-based solutions are anticipated to hinder the industry expansion.
 

Regionally, Americas currently leads global intelligent apps market share with the region being the most significant hub for technological innovation and adoption. Most of these pure-play suppliers are family-owned and specialize in certain products for specific sectors or applications, accounting for majority of automation firms.
 

Meanwhile, Asia Pacific industry is slated to grow substantially over 2021-2027, creditable to presence of various opportunities for expanding consumer electronics market.
 

Key players in global intelligent apps market sphere are SAP SE, CloudMinds Technology, Sentient Technologies, Oracle Corporation, Hewlett Packard Enterprise Company, Intel Corporation, IBM Corporation, Microsoft Corporation, Facebook Inc., and Google LLC.