Upsurge in investment in bots and rise in industry-specific solutions that are based on augmented analytics are projected to pave the way for lucrative opportunities in the near future. Advantages offered by augmented analytics such as ability to get relevant actionable business insights, automate tasks by combining business intelligence (BI) and artificial intelligence (AI), and make faster decisions drive the growth of the market.
Key market players such as – AP SE, Qlik, Tableau Software, ThoughtSpot. IBM Corporation, Salesforce, Sisense Inc., Tibco Software, SAS Institute, and Microsoft.
The global augmented analytics market was estimated at $4.09 billion in 2017 and is expected to hit $29.86 billion by 2025, registering a CAGR of 28.4% from 2018 to 2025.
The global augmented analytics market is analyzed across component, deployment, organization size, business function, industry verticals, and region. Based on component, the software segment contributed to nearly three-fifths share of the total market share in 2017, and is expected to retain its dominance by the end of 2025. The services segment, on the other hand, would register the fastest CAGR of 32% during 2018 to 2025.
Based on geography, North America held the largest share in 2017, garnering more than one-third of the global market. Simultaneously, the market across Asia-Pacific would exhibit the fastest CAGR of 30.3% during the forecast period. The other two regions studied in the report include LAMEA and Europe.
Download Sample Report (Get Full Insights in PDF – 318 Pages) at:
Based on deployment, the on-premise deployment segment accounted for nearly three-fifths of the total market revenue in 2017, and is expected to rule the roost by 2025. At the same time, the cloud segment would showcase the fastest CAGR of 31.4% throughout the forecast period.
- Although major sectors seemed to be affected due to the emergence of covid-19, the BFSI industry, in order to cater to essential services, was not nudged substantially. Augmented analytics help data scientists focus on specialized issues, and with the increasing adoption of the technology in the BFSI sector, the global market for augmented analytics has not been much affected even during the pandemic.
- This drift is likely to continue post-pandemic as well, as it provides most relevant actionable insights to decision-makers, and reduces the time spent on exploring data.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5140
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.