Year | Value |
---|---|
2023 | USD 0.78 Billion |
2032 | USD 1.89 Billion |
CAGR (2023-2032) | 10.4 % |
Note – Market size depicts the revenue generated over the financial year
Artificial intelligence-based email assistants are expected to see significant growth in the next few years. The current market, which is valued at $ 780 million in 2023, is expected to reach $1,890 million by 2032. This represents a robust CAGR of 10.4 per cent. The increasing reliance on digital communication and the need for enhanced productivity tools are the main drivers of this growth. Artificial intelligence-based email assistants are becoming indispensable for businesses seeking to increase their operational efficiency and improve customer engagement. Natural language processing and machine learning are the main drivers of this growth. These innovations are enabling email assistants to sort emails more intelligently and to generate responses and personalized communications. This is increasing their effectiveness. The main players in the market, such as Microsoft with its AI-based Outlook and Google with its Gmail, are investing heavily in research and development, strategic collaborations and new features. Artificial intelligence-based email assistants are expected to see further growth in the coming years as demand for their services grows.
Regional Market Size
Artificial intelligence email assistants are gaining popularity in the market as a result of the growing demand for automation in the email communication process and the need to enhance the productivity. The North American region is characterized by the high adoption of advanced technology and the strong presence of key players, while the European market is characterized by the emergence of regulations that protect data privacy and influence the development of artificial intelligence solutions. Asia-Pacific is becoming a major innovation hub for the development of artificial intelligence solutions. Middle East and Africa are starting to adopt these solutions, albeit at a slower pace due to the lack of digital infrastructure. Latin America, too, is adopting these solutions gradually, driven by the need to improve customer engagement and operational efficiency.
“Approximately 60% of professionals report that AI email assistants have significantly reduced their email management time, allowing them to focus on more strategic tasks.” — AI Email Assistant User Survey 2023
The AI Email Assistant business has a significant role in improving the efficiency and the internal communication of organizations, and it is currently booming. The demand for efficient email management is driven by the desire to reduce the time spent on email tasks. The growth in remote work has also increased the need for effective communication tools. Also, advances in natural language processing and machine learning have made it possible to offer more sophisticated AI capabilities. The current stage of adoption of AI Email Assistants is the scale-up stage. The main players are Google and Microsoft, with their respective products, the Google Assistant and the AI features of Microsoft Outlook. These are used mainly for email sorting, intelligent replies, and calendaring. They are especially beneficial in sales and customer service. The digital transformation of industries and the need for greater efficiency in the workplace will continue to drive the growth of the market. The development of NLP and machine learning will also continue to shape the evolution of the market.
The artificial intelligence (AI) email assistant market is expected to grow at a high annual rate of 10.4 percent from 2023 to 2032. The growth is mainly driven by the increasing demand for automation in business communication, and the need to optimize the productivity and efficiency of business operations. In 2032, it is expected that the global email management market will be dominated by AI email assistants, which will improve the response time and efficiency of various industries. Natural language processing (NLP) and machine learning are expected to further enhance the capabilities of the AI email assistant, making it more intuitive and effective in handling complex email interactions. Also, the increasing emphasis on data privacy and compliance will drive the development of AI solutions that focus on secure communication. Moreover, the integration of AI with customer relationship management (CRM) systems and the rise in remote work will accelerate the adoption of AI email assistants.
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