Augmented Analytics Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the augmented analytics industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected augmented analytics market growth numbers from 2022-2031.
Request a Sample of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7034&type=smp
The global augmented analytics market size is expected to grow from $8.31 billion in 2021 to $9.51 billion in 2022 at a compound annual growth rate (CAGR) of 14.43%. The global augmented analytics market share is expected to grow to $21.70 billion in 2026 at a compound annual growth rate (CAGR) of 22.90%.
View more on the report:
https://www.thebusinessresearchcompany.com/report/augmented-analytics-global-market-report
The Augmented Analytics Global Market Report 2022-31 by The Business Research Company evaluates augmented analytics market size, growth rate, drivers, augmented analytics industry trends, and major companies.
The augmented analytics market segments in the report are:
1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Services: Training and Consulting, Deployment and Integration, Support and Maintenance
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, Others
About The Business Research Company:
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.
Get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Follow us on YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Follow us on Facebook: https://www.facebook.com/TheBusinessResearchCompany/
Check out our Blog: http://blog.tbrc.info/
Further, it also automates predictive and prescriptive tools along with providing historical reports and dashboards.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/7464Global Augmented Analytics market was valued at USD 4.20 billion in 2017 and is estimated to reach market value of USD 13 billion by 2023 growing with 24% CAGR during forecast period 2018-2023.
However, lack of skilled workforce is expected to hamper the market growth in coming years.
Development in blockchain and modernization of digital technology are expected to shape a fruitful opportunity for augmented analytics market during the forecast period.
Whereas, high cost of analytical tools, and analyzing the huge generated data by maintaining quality and safety are some of the major challenges faced by the market.Key Players:The market players follow several organic and inorganic growth strategies, under which they focus on partnerships, agreements, collaborations, mergers, acquisitions, business expansion, product launches, and product enhancements to strengthen their position and excel in the global Augmented Analytics Market.The global Augmented Analytics market is characterized by the presence of many global, regional, and local vendors.
Market Research Future has identified following key players in the market – Salesforce, SAP SE, IBM Corporation, Microsoft Corporation, Oracle, Tableau Software, SAS, Tibco Software, Sisense, Qlik, MicroStrategy, Looker, Yellowfin, Board International, Logi Analytics, Pyramid Analytics, and Birst among others.
With this investment fund, the company is also looking to enhance its leadership and sales team.In February 2019, Tableau Software releases a software named as “Ask Data” integrated with natural language processing.
According to a new market research report "Augmented Analytics Market by Software, Service (Training and Consulting, Deployment and Integration, and Support and Maintenance), Organization Size (SMEs and Large Enterprises), Deployment Type, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the augmented analytics market expected to grow from USD 4.8 billion in 2018 to USD 18.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period.The major factors driving the augmented analytics market include the growing demand for gathering crucial business insights from customer data and increasing volume of business data.Browse in-depth TOC on "Augmented Analytics Market” 60- Tables 33- Figures 121- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262507096The software segment to hold a larger market size during the forecast periodThe analytics market space is experiencing transformation from the traditional manual process of generating insights to the advanced Artificial Intelligence-(AI) and Machine Learning- (ML) enabled Business Intelligence (BI) tools.
For building models and integrating data to simplify and automate tasks, augmented analytics proves to be an effective solution.The cloud deployment type is expected to grow at a higher CAGR during the forecast periodCloud or hosted augmented analytics solutions are provided as Software-as-a-Service (SaaS) by service providers.
Customers can also start or stop any service at any time.
Thus, the use of cloud-based augmented analytics solutions provides flexibility to organizations for adjusting to the dynamic business environment.
Scalability and cost-effectiveness are the major advantages of adopting the cloud-based augmented analytics solutions.
With advancements in cloud-based technologies, the use of augmented analytics solutions as SaaS is emerging as the best practice for companies looking for cost-effective functionalities.North America to hold the largest market size during the forecast periodNorth America is estimated to account for the highest market share in 2018.
The global augmented analytics market size is expected to reach USD 22,390.1 million by 2025, according to a new report by Radiant Insights, Inc.
Every organization's progress depends on how correctly the data resources are being used.
To ensure that data resources are appropriately used, enterprises are depending on data scientists, which are rare resources, to get actionable insights.
This has driven the adoption of augmented analytics among organizations, which eliminates the dependency on data scientists.
The augmented analytics technology has helped in delivering more detailed and relevant insights from the copious amount of data stored within an organization or generated during everyday operations and procedures.
Further key findings from the report suggest: • Increasing adoption of predictive and prescriptive analytics to determine the information and appropriate reasoning for any analysis coupled with the growing need for data quality management to clean and prepare data and distribute it across the enterprise will spur the growth of the market • The adoption of cloud-based analytics is expected to increase due to capabilities such as agility and quick response time along with robustness offered by the cloud • The integration of artificial intelligence and automation into augmented analytics technology is augmenting the user experience by providing capabilities such as chatbots to enable real-time services to customers • The North American region dominated the augmented analytics market in 2018.
Market InsightThe boom of the global augmented analytics market 2020 is noticeable by Market Research Future which has come into the reading, mainly amid COVID 19 crisis.
The growth would occur at a pace of 24% CAGR owing to the development of the new dynamism, which is making active development in the market’s growth, mainly from the years 2018-2023.Notable DevelopmentsWith the mounting incorporation of numerous IoT-based solutions, companies have an efficient option to store vast data related to business operations.
Such factors have augmented the market to boost in these years and would go on post-COVID 19 situation.As per the reports, the U.S. alone will fall short of approximately 250,000 data scientists by 2025.
The use of augmented analytics offers a cost-effective alternative for SMEs to efficiently integrate advanced analytics solutions to augment the productivity of business operations that will augment the market during Coronavirus pandemic.
Augmented analytics is a promising technology that deals with data and analytics with the application of machine learning along with NLP to automate data preparation, insight discovery and insight sharing across a broad range of business.The escalating complexity of the business data has led to a massive rise in the adoption rates of augmented analytics.
On a similar note, the broad adoption of business intelligence tools has impacted the market positively, as studied in the current scenario with the economy lockdown.
