The surge in interest in artificial intelligence technologies has led to a significant increase in the number of applications that use AI to improve productivity. Google Play and the App Store provide many such applications, providing a wide range of choices for users.
The rise in popularity of artificial intelligence-based applications has become noticeable according to the analytics company Sensor Tower. In the Products category, the number of apps with titles containing the term AI increased from 3 in 2020 to 34 in the first quarter of 2023.
The recent period has also seen significant growth in installs and revenue from these apps. In the first quarter of 2023, revenue was $20 million, up 396% from the fourth quarter of 2022. The number of installations increased by 378% to $45.8 million.
The popularity of applications based on artificial intelligence is growing rapidly around the world, attracting the attention of users. Particularly impressive results were noted in the US, where such applications are most popular. In the first quarter of 2023, the US accounts for over one-fifth of the total market with almost 10 million downloads. This is 550% more than in the previous quarter.
In three months, AI-based applications generated $8.3 million in revenue in the US, accounting for 41% of the total market share. Great Britain occupies 5% of the market, and Japan and China – 4% each.
So, the growing popularity of applications based on artificial intelligence is an important trend in the market, notes NIX Solutions. The US leads in the use of such applications, attracting a large number of users and generating significant revenues.