Information and Communication Technology Augmented Analytics Market is projected to grow up to 31.2% CAGR during the forecasting pe...

Augmented Analytics Market is projected to grow up to 31.2% CAGR during the forecasting period 2021-2027.

The global augmented analytics market is being pushed by an increase in the volume of complicated corporate data as well as the increased use of advanced business intelligence and analytics solutions. Because of the integration of artificial intelligence and machine learning technology into analytics platforms, the software sector is the largest market. North America has the largest market share due to widespread adoption of advanced analytics solutions and practises such as smart data preparation, abundant funding opportunities, a diverse customer base across various industries, a favourable environment for innovation, and the availability of a highly skilled workforce.

This augmented analytics market report contains information on new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, and so on.

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Key Driving Factors: Large corporations are investing more in augmented analytics.

During the projection period, large companies will account for the majority of the worldwide augmented analytics market. The significant adoption of augmented analytics solutions across large firms is owing to the vast volume of structured and unstructured big data created by these global corporations across numerous industrial verticals. Because large organisations have greater resources, they are increasingly investing in augmented analytics solutions to expedite their business operations while meeting the increased demand for precise and relevant business information.

Driving Factor: Need to help citizen data scientists and corporate users

Citizen data scientists develop or design models that use advanced diagnostic analytics, predictive and prescriptive skills, but whose primary work function is outside of statistics and analytics. Analytic and BI solutions are expanding their capabilities to include better access to data and analyses. Technology advancements include enhanced analytics, which use machine learning to automate data preparation, insight finding, and data science.

This report offers the major market player’s profiles, such as Salesforce (US), SAP (Germany), IBM (US), Microsoft (US), Oracle (US), Tableau (US), MicroStrategy (US), SAS (US), Qlik (US), TIBCO Software (US), Sisense (US), Information Builders (US), Yellowfin (Australia), ThoughtSpot (US), and Domo (US).

Based on Vertical:  Healthcare is expected to increase at a notable CAGR during the predicted period. Increasing healthcare costs necessitate cutting-edge technologies to help create new diagnostics and medicines. As a result, in recent years, hospitals, significant technology businesses, healthcare start-ups, and research institutions have increased their alliances and collaborations in augmented reality.

The Augmented AnalyticsMarket report has been categorized as below

By Component

  • Software

  • Services

By Services

  • Training and Consulting

  • Deployment and Integration

  • Support and Maintenance

By Organization Size

  • Large enterprises

  • Small and Medium-sized Enterprises 

By Deployment Type

  • On-Premises

  • Cloud

 By Vertical

  • Banking, Financial Services, and Insurance (BFSI)

  • Telecom and IT

  • Retail and Consumer Goods

  • Healthcare and Life sciences

  • Manufacturing

  • Governments and Defense

  • Energy and Utilities

  • Transportation and Logistics

  • Media and Entertainment

  • Others 

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021