Geographically, the intelligent apps market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America industry is predicted to hold largest revenue share by 2036, due to rising developments & integration of technologies such as artificial intelligence and machine learning in the region. According to the India Brand Equity Foundation, the country’s e-commerce sector is predicted to reach USD 99 billion by 2024. However, in 2019, online retail penetration stood at 4.7% and is expected to reach 10.7% through 2024.
Author Credits: Abhishek Verma
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