What is AI App Development Market?
AI App development is used for developing mobile and web-based applications. Nowadays, organizations are looking to develop more innovative applications to provide better services to their customers, whereas individuals are using intelligent mobile-apps to meet their needs. People are spending time in browsing or downloading intelligent mobile applications based on their needs. This has led to significant growth of the global AI App development market in the forecast period.
Highlights from AI App Development Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | USM Business Systems (United States), Miquido (Poland), TechAhead (United States), Prolitus Technology (India), Sigma Data Systems (United States), SoluLab (United States), Fusion Informatics Limited (India), QUYTECH (India), ArStudioz (Germany) and Azilen Technologies (India) |
The AI app development market is fragmented as the market has a number of companies that offer app development and there are lots of new companies entering the AI app development market due to the relative ease of developing software. The companies are exploring the market by expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asian and United States Players will contribute to the maximum growth of Global AI App Development market throughout the forecasted period.
USM Business Systems (United States), Miquido (Poland), TechAhead (United States), Prolitus Technology (India), Sigma Data Systems (United States), SoluLab (United States), Fusion Informatics Limited (India), QUYTECH (India), ArStudioz (Germany) and Azilen Technologies (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are FuGenX Technologies Pvt Ltd (India) and BR Softech (India). AI App Development Market Segmentation:
Scope | Sub-Segments |
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Organization Size | Small & Medium Enterprises (SMEs),Large Enterprises |
Industry Verticals | BFSI,Retail,Telecommunication,Government/Public Sector,Healthcare,Real Estate,Energy and Power,Manufacturing,Others (Travel and Transportation, Media and Entertainment, and Life Sciences) |
Deployment | Cloud,On-premises |
Component | Solutions (Software tools and Platforms),Services (Professional Services and Managed Services) |
Pricing Type | Monthly Subscription,Annual Subscription,One-Time License |
On the basis of geography, the market of AI App Development has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Interest in AI Business Applications and AI Getting Blended with Blockchain, Cloud, and IoT
Market Growth Drivers:
Rising Digitalization in the Various Industry and Growing Demand for Mobile App across the Globe
Challenges:
Intense Competition Among the Competitors
Restraints:
Lack of Skilled Professionals and Rising Threat of Cyber Security
Opportunities:
Technological Advancement and Development in Artificial Intelligence
Key Target Audience
AI App Development Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others