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Smart Advisors Market by Type, Usage, Deployment Type, Industry Verticals, End User - Global Forecast to 2021 - Research and Markets

[October 19, 2016]

Smart Advisors Market by Type, Usage, Deployment Type, Industry Verticals, End User - Global Forecast to 2021 - Research and Markets

Research and Markets has announced the addition of the "Smart Advisors Market by Type, Usage, Deployment Type, Industry Verticals, End User - Global Forecast to 2021" report to their offering.

The smart advisors market size is estimated to be USD 703.3 million in 2016 and is projected to reach USD 3,172.0 million by 2021, at a CAGR of 35.2% from 2016 to 2021, due to the strong need to understand consumer behavior, adoption of cloud-based technology, and proliferating demand of intelligent customer engagement. Lack of awareness owing to relatively early presence in tech-adoption life cycle, high deployment cost as well as system integration complexities, and lack of expertise are the major restraining factors of the smart advisors market.

The websites segment is expected to lead the smart advisors usage market between 2016 and 2021, due to the increasing number of websites of various industries. It is very necessary for business organizations to take care of this concept of emotions on websites to increase their sales and eventually their market share. Hence, a strong need to undertand the customer personality is driving the growth of smart advisors market.

With regards to the geographic analysis, North America is likely to benefit from its technological advancements, large number of devices, and industries. Asia-Pacific (APAC) is expected to lead the smart advisors market by region between 2016 and 2021. The growth can be attributed to hyper urbanization and industrialization.

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