Global Augmented Analytics Market Overview 2024: Size, Growth Rate, and Segments
The augmented analytics global market report 2024 from The Business
Research Company provides comprehensive market statistics, including global
market size, regional shares, competitor market share, detailed segments,
trends, and opportunities. This report offers an in-depth analysis of current
and future industry scenarios, delivering a complete perspective for thriving
in the industrial automation software market.
Augmented Analytics Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The augmented analytics market size has grown exponentially in recent
years. It will grow from $11.36 billion in 2023 to $13.9 billion in 2024 at a
compound annual growth rate (CAGR) of 22.4%. The growth in the historic period
can be attributed to focus on automated insights and recommendations,
user-centric design and adoption, cloud-based analytics platforms, focus on
explainable ai and transparency, need for real-time and contextual insights..
The augmented analytics market size is expected to see exponential growth in
the next few years. It will grow to $32.46 billion in 2028 at a compound annual
growth rate (CAGR) of 23.6%. The growth in the forecast period can be
attributed to continue data complexity and volume, increasing demand for
simplified analytics solutions, advancements in ai and machine learning,
expansion of self-service analytics. Major trends in the forecast period
include convergence of ai and analytics, automated machine learning (automl),
natural language processing (nlp) advancements, explainable ai (xai) and
transparency, embedded analytics in business applications, predictive and
prescriptive analytics adoption..
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Scope Of Augmented Analytics Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Augmented Analytics Market Overview
Market Drivers -
The increasing demand for the adoption of business intelligence (BI) tools
is expected to propel the growth of the augmented analytics market. The
adoption of business intelligence tools is used to simplify more frequent
data-driven decision-making. It is used from the data scientists to employees
on the front lines where the departments and teams will gain insights into the
data, which helps to promote data democratization all over the organization.
According to a survey report of over 5,000 organizations on the business
intelligence market by Dresner Advisory Services, LLC, in June 2021, executive
adoption of business intelligence is significantly high at 64%, followed by
middle and line managers at 40%. Therefore, the increasing demand for the
adoption of business intelligence (BI) tools drives the augmented analytics
market growth.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the
5G chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The augmented analytics market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Services: Training And Consulting, Deployment And Integration, Support
And Maintainance
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
(SMEs)
5) By Vertical: Banking, Financial Services, And Insurance (BFSI), Telecom And
IT, Retail And Consumer Goods, Healthcare And Life sciences, Other Verticals
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Regional Insights -
North America was the largest region in the augmented analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the augmented analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies -
Major companies operating in the augmented analytics market report are Salesforce, Inc., SAP SE, The International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Tableau Software, MicroStrategy Incorporated, SAS Institute Inc., QlikTech International AB, TIBCO Software India Pvt. Ltd, Sisense Ltd., Cloud Software Group, Inc., Yellowfin, ThoughtSpot Inc., Domo, Inc., Alation, Inc., Tamr, Paxata, Attivio, Arcadia Solutions, LLC, Squirro AG, GoodData Corporation, Looker Data Sciences, Inc., Alteryx, Board International S. A, Logi Analytics, Inc., Pyramid Analytics, Birst, Inc., Datorama, Panorama Software Ltd., DataRobot, Inc., RapidMiner, Inc., BIME Analytics
1. Executive Summary
2. Augmented Analytics Market Report Structure
3. Augmented Analytics Market Trends And Strategies
4. Augmented Analytics Market – Macro Economic Scenario
5. Augmented Analytics Market Size And Growth
…..
27. Augmented Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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