Global Smart Advisors Market to Amount to USD 3.1 Bn in 2021, Forecasts M&M in Its New Report Available at MarketPublishers.com25 Oct 2016 • by Natalie Aster
LONDON – The global market for smart advisors is expected to be worth USD 703.3 million in 2016. It is expected to grow significantly in the near term. Such considerable growth will stem from a number of factors like rising penetration of mobile applications and websites, adoption of cloud-based technologies, and more.
As a consequence, a CAGR of the global marketplace is forecast to be around 32% through 2021, and the market is predicted to be worth slightly over USD 3.1 billion in 2021.
This growth, however, will be retrained to some extent by some factors, such as a high deployment cost and a lack of awareness.
There are some challenges, as well. Deficiency of technically skilled staff and impact on the business applications are some of the major ones.
The websites segment is expected to dominate the space in the near term given a growing number of websites in different industries.
In terms of geography, North America and APA are set to be the largest players globally.
IBM Watson, Speaktoit and eGain Corporation are amongst leading vendors of smart advisors.
New research report “Smart Advisors Market by Type, Usage, Deployment Type, Industry Verticals, End User - Global Forecast to 2021” worked out by M&M offers a detailed analysis of the global market for smart advisors. The study provides a bird’s eye view of this lucrative marketplace. It covers its evolution and limelights forces that drive its growth and restrain it.
The report explores opportunities and challenges of the marketplace, as well. The research study concentrates on industry trends and examines this space on the basis of advisors’ types, application fields, industry verticals, end-users and deployment types.
Key regional markets are covered in the research report, as well. The study looks at the competitive situation and throws light on top vendors. Key innovators are also discussed in the report. Besides, global forecasts through 2021 are available in this research study.
More new research report by M&M can be found at its page.