From 2023 to 2033, the demand for personal assistance applications is expected to rise at an excellent CAGR of 18.34% worldwide. By the end of 2033, the personal assistance applications market is projected to have grown from its present valuation of US$ 4.37 billion to US$ 23.67 billion.
Software tools known as personal assistance applications let users more efficiently handle their daily tasks and errands. These kinds of apps are frequently available on portable electronics like tablets and smartphones, and they have a variety of functions.
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Those who wish to improve their time management, maintain organization, boost their productivity, and improve their general well-being may find these apps to be helpful resources.
A significant increase in demand was seen for personal assistance applications during the COVID-19 epidemic. With many individuals being forced to work from home and reduce their social interactions due to the epidemic, personal assistance apps became increasingly vital in helping users manage their daily tasks and routines. The demand for these apps consequently skyrocketed.
Key Companies Profiled
- Amazon.com, Inc
- SAMSUNG
- RoboBot Studio
- Microsoft
- Google LLC
- Apple Inc
- IBM Corporation
- Oracle Corporation
New use cases for personal assistance applications emerged as a result of the COVID-19 pandemic, such as symptom monitoring, finding COVID-19 testing locations, and scheduling virtual visits with medical professionals. Due to investors' perception of the personal assistance applications' potential for growth in a post-pandemic setting, the pandemic also stimulated investment in this area. The epidemic had an effect on app development as well since it made developers adapt to changing user demands and incorporate new features to meet those needs.
Growing Need for Convenience in Daily Living
People want to simplify their lives, therefore convenience is becoming more and more important. Personal assistance programs give users the ease of doing all of their everyday tasks from one platform.
Global Mobile Device Usage is on the Rise
With the rise in smartphone and tablet usage, personal assistance applications have grown in popularity and accessibility, helping users stay organized and manage their schedules while on the go.
Market research and competitive intelligence company Fact.MR projects that the US market will reach US$ 9.77 billion by 2033. Many Americans have busy schedules that include several tasks and extended work hours. Applications for personal assistance help users manage their time more effectively, enabling them to prioritize their tasks and maintain a strict schedule.
The usage of mobile devices, such as tablets and smartphones, is rapidly growing in the US. Apps for personal help are designed to be used with these gadgets, which increases user accessibility and convenience.
It is anticipated that the Chinese and Indian markets would generate $3.74 billion and $1.44 billion, respectively, by 2033. The number of smartphone users in China and India is substantial, which is encouraging the usage of personal help applications. Smartphones are the primary way of accessing the internet in many nations, which makes them a potent platform for personal help applications.
Urbanization is accelerating in China and India as more people move to the cities in search of employment and other opportunities. Applications for personal assistance help city people stay organized and manage their busy schedules. Furthermore, the growing middle classes in both nations have hectic schedules filled with several obligations and extended work hours. Apps for personal assistance are popular among this demographic because they facilitate better time management.
Because of their intuitive user interfaces, mobile applications are easy to use even by non-techies. This makes it possible for more people to gain from the benefits of applications for personal help. Mobile apps may send notifications to users, reminding them of important events and activities. This helps people stay on top of their routines and organized.
Certain features of mobile applications may be accessed offline, which is useful for users who are traveling or have spotty internet access. In addition, a lot of personal help applications include the ability to communicate with other apps, including chat, email, and calendars. As a result, the process runs more smoothly and effectively.
Competitive Landscape
- Apple updated its personal assistant app in 2021 by adding two new gender-based voices and removing the previous default female voice. This updated version, which can be used with both iPads and iPhones, lets users choose their favorite voice during setup.
- In 2021, Google made improvements to its apps, including a timer function and the ability to identify complex contact names. The company claims that this new update would allow the assistant to focus on pronunciation and store it indefinitely without requiring voice recording.
- A new personal help software called Anywhere Anytime Virtual Finance Coach was released in 2021 by eGain Corporation in partnership with GreenPath Company. This software provides objective financial advice anywhere, at any time.
Key Segments of Personal Assistance Apps Industry Research
- By Product :
- Chatbots
- Mobile Apps
- By Revenue :
- Free/Freemium
- Subscriptions
- One-time License
- By Technology :
- Speech to Text
- Text to Speech
- Speech to Speech
- Text to Text
- By Application :
- Residential
- Commercial
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific China
- Middle East Africa
FAQ:
What is the projected value of the global market for 2033?
The market for personal assistance apps is set to touch US$ 23.67 billion by 2033.
What CAGR is expected for the growth in demand for mobile apps?
Global demand for mobile apps is anticipated to surge at a CAGR of 18.7% during the forecast period.
What is the anticipated market valuation for the United States by 2033?
The United States market is forecasted to hit US$ 9.77 billion by 2033.
