The personal assistance apps market is set to grow at a CAGR of 18.3% from 2021 to 2031, driven by increased demand for hands-free operations and smart home controls.
As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global Chatbots apps market is anticipated to exceed a valuation of US$ 3.1 Bn by 2021, and surge at an impressive CAGR of 18.3% over the forecast period of 2021 to 2031.
The market is in the growth phase of its lifecycle, registering annual growth of 14.3% during the historical period of 2016 – 2020. Fact.MR anticipates significant potential in the market, owing to factors such as increased phone calling and playing music by using speech to speech technology while driving.
The control of smart homes has risen into one of the most substantial areas of personal assistance apps. It’s no longer just about ordering for playing music or the weather with fancy speech to speech control; it’s also about controlling and connecting to other devices at home.
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Market Segments Covered in Smart Device Apps Industry Research
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Key Takeaways from Market Study
“Increasing digitization and the trend of using software-integrated services along with smart homes will drive demand for personal assistance app,” says a Fact.MR analyst.
Winning Strategy
Some personal assistance app developers have been using newer technologies to streamline their delivery process. Winning strategies among developers are high on the list of priorities for personal assistance apps. It is essential that users have a good indulgence of app analytics and how to use voice commands to lift the app preservation, as part of a winning strategy.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global personal assistance apps market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.
The study reveals essential insights on the basis of product type (chatbots, smart device apps, mobile apps), revenue (free/freemium, subscription, one-time license), technology (speech to text, text to speech, speech to speech, text to text), and application (residential / individual, commercial), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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The article discusses the growth of the personal assistance apps market, focusing on its projected CAGR and market dynamics.
Key segments include chatbots, smart device apps, and mobile apps, with revenue models like freemium, subscription, and one-time license.
North America and Europe currently lead the market, with East Asia expected to grow significantly by 2031.
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