Alphabet’s (GOOGL - Free Report) division Google is leaving no stone unturned to enhance its web email service offerings via Gmail with feature enhancements in a bid to bolster presence in the e-mail client market further.
This is evident from the company’s latest move to update Gmail’s Smart Compose feature which aids in autocompleting sentences in the mail. This in turn saves users from typing over a billion characters and words each week.
Per the latest update, the feature is now capable of adapting user’s writing pattern and composing mails accordingly. Moreover, Smart Compose will now be able to suggest a subject line as per the content of the mail.
Apart from this, Google unveiled a new feature called e-mail scheduling that enables users to schedule an e-mail to be sent later on a future date.
These robust features on Gmail have been introduced to celebrate the completion of 15 successful years since its launch in 2004.
Move to Aid Growth
Gmail which has already gained popularity among users is likely to gain further traction on the back of these robust features, availability and accessibility.
Google has made the Smart Compose feature available on all the Android devices and will be coming on iOS devices soon.
Smartphones have become inevitable in today’s fast paced world and accessing e-mails via these devices can be considered mainstream. Consequently, the availability of this feature will be a major positive.
Further, the feature now supports languages like Spanish, Italian, Portuguese and French.
Additionally, e-mail scheduling feature is likely to benefit society immensely by bolstering digital wellness. With this feature, corporate officials do not have to wait till the time the e-mail need to be sent.
All these benefits are likely to expand user base of Gmail which in turn will strengthen Google’s position in the e-mail service space.
Google’s vast search platform and strengthening artificial intelligence (AI) skills will continue to aid its competitive position in the rapidly growing worldwide e-mail client market against the likes Microsoft (MSFT - Free Report) , Apple (AAPL - Free Report) and Yahoo.
Moreover, user friendly updates on Gmail will continue to aid its dominant market share against Microsoft’s Outlook.com, Apple’s Mail and Yahoo! Mail.
Per the latest report from Litmus Email Analytics, Gmail accounted for 26% of the global e-mail client market in March 2019 while Apple’s Mail, Yahoo! Mail and Outlook.com accounted for 9%, 7% and 2%, respectively.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold).
A better-ranked stock that can be considered in the broader technology sector is Autohome (ATHM - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Autohome is pegged at 29.41%.
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