03-Aug-2021 | Zion Market Research
Major companies in Augmented Analytics market are Tableau, SAP SE, Qlik Software, Tibco Software, IBM Corporation, Salesforce, Sisense Inc., SAS Institute, Yellowfin International and Microsoft among others.
These players are set to bolster the development of global Augmented Analytics market.
According to analysts at Zion Market Research, the global Augmented Analytics market accounted for more than USD 9.33 Billion in 2020 and is expected to reach USD 84.41 Billion by 2028, growing at a CAGR of 31.7% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Augmented Analytics Market By Service (Deployment and Integration, Training and Consulting and others), By Organization Size (SMEs and Large Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.”
Increasing amount of complex business data in the organizations to Spur Growth
The increasing amount of complex business data across the organization has been the driving force of the augmented analytics market. Due to the integration of artificial intelligence and machine learning technologies into analytics platforms, there is growing demand in the software industry. The analytics market is also experiencing transformation from traditional manual processes, while generating insights, into advanced AI, and ML enabled bots.
Organizations have been on the increasing trend of building models and integrating data for simplifying and automating their tasks, and to do these augmented analytics has been the effective solution. The usage of augmented reality saves both time and resources that are needed to generate the actionable insights out of the data. The SME’s have been also adapting augmented analytics solutions a faster rate to enhance their operational productivity and maximize their profits. As augmented analytics helps the SME’s to monitor growth of their businesses and generate ideal insights, there has been considerable demand for this market.
Global Augmented Analytics -Market
With the presence of a large pool of participants, the global Augmented Analytics is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Tableau, SAP SE and Qlik Software are some of the key vendors of Augmented Analytics market across the world. These players across Augmented Analytics market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the Augmented Analytics market study.
Technologically advanced infrastructure In The Region Support North American Dominance
Regionally, North America has been leading the worldwide Augmented Analytics market and is anticipated to continue on the dominant position in the years to come, states the Augmented Analytics market study. This high growth is due to the factors such as technologically advanced infrastructure and adoption of machine learning and artificial intelligence technologies on large scale. Also, there have been significant advancements in the healthcare sector due to digitization. These upcoming tools like augmented analytics have been greatly helping the researchers and medical practitioners in this region in get connected in terms of data and actionable insights.
Browse the full “Augmented Analytics Market By Service (Deployment and Integration, Training and Consulting and others), By Organization Size (SMEs and Large Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/augmented-analytics-market
The global Augmented Analytics Market is segmented as follows:
By Organization Size
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