Global Augmented Analytics Market, By Component (Software, Services), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (Cloud, On-Premise), Vertical (Banking, Financial Services, and Insurance, Telecom and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Government and Defense, Energy and Utilities, Transportation and Logistics, Media and Entertainment, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Augmented Analytics Market
The augmented analytics market is expected to witness market growth at a rate of 30.2% in the forecast period of 2022 to 2029. Data Bridge Market Research report on augmented analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the acceptance of artificial intelligence, machine learning, and natural language processing technologies is escalating the growth of augmented analytics market.
Augmented analytics is known to automate the data insights by using machine learning and natural language generation for automating data preparation, data discovery, and insight sharing. It implants artificial intelligence in business intelligence tools to make the analytics work efficiently for citizen data scientists and other business users. It aids the expert data scientists in directing on specialized problems, offer most relevant actionable insights to decision makers, and decrease the time spent on exploring data.
Major factors that are expected to boost the growth of the augmented analytics market in the forecast period are the growing demand to democratize the analytics. Furthermore, the rise in the productivity and growing awareness of enterprises to use the rising streams of data from several sources in innovative ways is further anticipated to propel the growth of the augmented analytics market. Moreover, the increasing demand to make the work easier for citizen data scientists and business users is further estimated to cushion the growth of the augmented analytics market. On the other hand, the dearth of skilled workers is further projected to impede the growth of the augmented analytics market in the timeline period.
In addition, the increased acceptance of augmented analytics solutions among SMEs will further provide potential opportunities for the growth of the augmented analytics market in the coming years. However, the concerns regarding the data security and privacy management might further challenge the growth of the augmented analytics market in the near future.
This augmented analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the augmented analytics market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Augmented Analytics Market Scope and Market Size
The augmented analytics market is segmented on the basis of components, organization size, deployment type and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of components, the augmented analytics market has been segmented into software and services. Services have been further sub segmented into training and consulting services, deployment and integration, support and maintenance.
- On the basis of organization size, augmented analytics market has been segmented into large enterprises, small and medium-sized enterprises.
- On the basis of deployment type, the augmented analytics market has been segmented into cloud and on-premise.
- On the basis of vertical, the augmented analytics market has been segmented into banking, financial services, and insurance, telecom and IT, retail and consumer goods, healthcare and life sciences, manufacturing, government and defense, energy and utilities, transportation and logistics, media and entertainment and others.
Augmented Analytics Market Country Level Analysis
The augmented analytics market is analyzed and market size, volume information is provided by country, component, organization size, deployment type and vertical as referenced above.
The countries covered in the augmented analytics market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the augmented analytics market due to the initial adoption and innovative initiatives for advanced analytics solutions and practices such as natural language processing (NLP), machine learning (ML), and smart data preparation and discovery. Furthermore, the growing augmented analytics market application in business intelligence will further boost the growth of the augmented analytics market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the augmented analytics market due to the application of data discovery. Moreover, the growing adoption of business intelligence tools is further anticipated to propel the growth of the augmented analytics market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Augmented Analytics Market Share Analysis
The augmented analytics market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the augmented analytics market.
Some of the major players operating in the augmented analytics market are Salesforce, SAP Analytics Cloud, IBM Corporation, Microsoft, Oracle, TABLEAU SOFTWARE, MicroStrategy Incorporated, SAS Institute Inc., QlikTech, TIBCO Software Inc., Sisense Inc., Information Builders, Yellowfin International, ThoughtSpot Inc., and Domo, Inc., among others.