The Global Augmented Analytics Market accounted for 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.
The Global Augmented Analytics Market accounted for 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.
Augmented Analytics is a method of enabling technologies such as machine learning and artificial intelligence to assist with data preparation, insights extraction and insights explanation in order to augment how people explore data in BI platforms and analytics. It is based on business intelligence and analytics. The market is primarily driven by the increasing amount of complex business data in the organizations. Augmented analytics is especially useful in the today’s age where there is need of extraction of data, but there are not enough data scientists to do the task. The Augmented Analytics has many capabilities such as creation, analysis and building of data models. It greatly helps in data exploration and analysis.
The COVID-19 pandemic has disrupted the entire eco-system across the globe and it has affected almost all the sectors of industry. Due to restricted lockdowns, there is no sufficient workforce operating from the offices. There has been some considerable demand for the augmented analytics markets as companies have been using it to predict the scenarios of the post covid era. As there has been huge losses for the companies, they have been studying the data and getting the useful insights from the Augmented Analytics technology and thus have been planning their future road map to best recover the losses incurred.
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 this 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 also been adapting augmented analytics solutions to 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.
Report Scope :
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Augmented Analytics uses technologies such as Artificial Intelligence and Machine learning to get actionable insights from the data. Organizations use these insights to make the informed decisions while operating the businesses. Thus, these insights prove extremely useful in consulting services where actionable insights have to be generated from the complex data. Depending upon the insights obtained from the augmented analytics techniques, organizations train the workforce as required to maximize the profits and increase the overall organizational efficiency.
This is due to the fact that there has been increasing demand for augmented analytics in the SME’s as they can use data, obtain the specific insights and make it best use for driving innovation, business agility, developing new revenues streams and reduce operational risks. As it has been noticed that in this particular sector of industry, data collected is never revisited and is left unnoticed. So, there has been growing awareness to make the best use of this data using augmented analytics and drive the organizational profits.
North America held a share of 34% in 2020. It is supposed to be one of the highest revenue-generating regions for this market during the forecasted period. 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 to get connected in terms of data and actionable insights.
Asia-Pacific is expected to have the CAGR of 35.6 from 2021 to 2028. This is due to the fact that organizations have begun shifting from conventional enterprise reporting to augmented analytics tools in order to boost data preparation and cleansing. Companies have been readily investing in training the workforce for augmented analytics and thus there is considerable demand for this market is high in Asia-Pacific region.
Some of the key players in the Augmented Analytics market include Tableau, SAP SE, Qlik Software, Tibco Software, IBM Corporation, Salesforce, Sisense Inc., SAS Institute, Yellowfin International and Microsoft.
In April 2021, Subex launched HyperSense, which is an end-to-end augmented analytics platform. This is a flexible, modular and no-code solution built to accelerate the adoption of Artificial Intelligence in enterprise analytics. HyperSense involves data management studio, business modelling studio, AI studio, Business Intelligence studio and process automation studio.
By Service
By Organization Size
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Service
FIG NO. 2. Market Attractiveness Analysis, By Organization Size
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Augmented Analytics Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Service, 2020 & 2028
FIG NO. 7. Global Augmented Analytics Market for Deployment and Integration, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Augmented Analytics Market for Deployment and Integration, By Country, 2020 & 2028
FIG NO. 9. Global Augmented Analytics Market for Training and Consulting, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Augmented Analytics Market for Training and Consulting, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Organization Size, 2020 & 2028
FIG NO. 12. Global Augmented Analytics Market for SME's, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Augmented Analytics Market for SME's, By Country, 2020 & 2028
FIG NO. 14. Global Augmented Analytics Market for Large Enterprises, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Augmented Analytics Market for Large Enterprises, By Country, 2020 & 2028
FIG NO. 16. Global Augmented Analytics Market Revenue Share, By Region, 2020 & 2028
FIG NO. 17. North America Augmented Analytics Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 18. Porter’s Five Forces Analysis for Global Augmented Analytics Market
FIG NO. 19. PEST Analysis for Global Augmented Analytics Market
FIG NO. 20. Pricing Analysis for Global Augmented Analytics Market
FIG NO. 21. Value Chain Analysis for Global Augmented Analytics Market
FIG NO. 22. Company Share Analysis, 2019
FIG NO. 23. Radar Determinant Chart, 2019
FIG NO. 24. Company Strategic Developments – Heat Map Analysis
FIG NO. 25. Tableau Business Segment Revenue Share, 2020 (%)
FIG NO. 26. Tableau Geographical Segment Revenue Share, 2020 (%)
FIG NO. 27. Market Channels
FIG NO. 28. Marketing Channel Development Trend
FIG NO. 29. Growth in World Gross Product, 2008-2018
FIG NO. 30. Research Methodology – Detailed View
FIG NO. 31. Research Methodology
List of Tables
TABLE NO. 1. Global Augmented Analytics Market: Snapshot
TABLE NO. 2. Quarterly Augmented Analytics Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Augmented Analytics Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Augmented Analytics Market for Deployment and Integration, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Augmented Analytics Market for Training and Consulting, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Augmented Analytics Market for SME's, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Augmented Analytics Market for Large Enterprises, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Augmented Analytics Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 11. North America Augmented Analytics Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 12. North America Augmented Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 13. North America Augmented Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 14. U.S. Augmented Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 15. U.S. Augmented Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 16. Canada Augmented Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 17. Canada Augmented Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 18. Mexico Augmented Analytics Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 19. Mexico Augmented Analytics Market Revenue, By Organization Size, 2016 – 2028 (USD Million)
TABLE NO. 20. Drivers for the Augmented Analytics Market: Impact Analysis
TABLE NO. 21. Restraints for the Augmented Analytics Market: Impact Analysis
TABLE NO. 22. Major Buyers of Augmented Analytics
TABLE NO. 23. Distributors/Traders List of Augmented Analytics
TABLE NO. 24. Global Augmented Analytics Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 25. Global Augmented Analytics Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
The Global Augmented Analytics Market was valued at USD 9.33 in 2020.
The Global Augmented Analytics Market is expected to reach USD 84.41 Billion by 2028, growing at a CAGR of 31.7% between 2021 to 2028.
Some of the key factors driving the Global Augmented Analytics Market growth are the increasing amount of complex business data across the organization and the integration of artificial intelligence and machine learning technologies into analytics platforms. 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 this augmented analytics has been the effective solution.
North America held a share of 34% in 2020. It is supposed to be one of the highest revenue-generating regions for this market during the forecasted period. 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.
Some of the key players in the Augmented Analytics market include Tableau, SAP SE, Qlik Software, Tibco Software, IBM Corporation, Salesforce, Sisense Inc., SAS Institute, Yellowfin International and Microsoft among others.
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