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Augmented Analytics Market Business Strategies, Future Growth Study, Industry Key Growth Factor Analysis and Competitive Landscape| COVID-19 Analysis
iCrowdNewswire Jan 12, 2021 4:55 PM ET
Augmented Analytics Market Synopsis:
Augmented analytics tools are used to analyze automated data with the support of machine learning techniques and natural language processing technology. Augmented data streamline the processes for data profiling, and data modelling thereby supports reuse and data governance. The approach also able to combine artificial intelligence and business intelligence and has huge potential to support technical as well as non-technical users to automate their data analytics tools. Further, it also automates predictive and prescriptive tools along with providing historical reports and dashboards.
Global 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. Increasing volume of complex data, increasing adoption of analytical tools for business intelligence, and development in artificial intelligence technology are some crucial driving factors for the growth of this market. 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.
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Major Key players:
MRFR has considered 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 some of the key players in Augmented Analytics market.
The market for Augmented Analytics Market is estimated to grow at a significant rate during the forecast period 2018 to 2023. The geographical analysis of Augmented Analytics market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Russia, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, South Korea and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East & Africa, and South America).
Currently, North America is a leading market in Augmented Analytics. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. Advancements in technologies such as machine learning, and natural language processing has developed fruitful opportunities for the development of Augmented Analytics solutions in the region.
Europe is the second highest revenue generating market for Augmented Analytics. High adoption of identity access management solutions by IT & telecommunication, and government sector, and increase spending on analytics tools by key players such as SAP SE in the region are the factors propelling the growth of European augmented analytics market.
Asia-Pacific is projected to grow with fastest growing CAGR. Increasing development in machine learning technology, among enterprises, government support for digitization, high investment in advanced analytics solution by China are some of the major driving factors for the growth of this market in the region.
The global Augmented Analytics market is segmented into component, deployment mode, organization size, vertical, and region.
- By component, the market is segmented into software, and services. Services segment is further sub-segmented into professional and managed services.
- By deployment, the market is segmented into on-premise, on-cloud and hybrid.
- By organization size, the market is sub-segmented into SMEs and large enterprises. By vertical, the market is classified into BFSI, Government & defense, IT & Telecommunication, Retail, manufacturing, energy & utilities, transportation, media & entertainment, and healthcare among others. Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scopeo of The Study
2.3 Research objectives
2.4 Markets Structure
3 Research Methodology
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List of tables
Table 1 Augmented Analytics Market, By Region, 20182023
Table 2 North America: Augmented Analytics Market, By Country, 20182023
Table 3 Europe: Augmented Analytics Market, By Country, 20182023
Table 4 Asia-Pacific: Augmented Analytics Market, By Country, 20182023
List of figures
Figure 1 Global Augmented Analytics Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter's Five Forces Analysis Of Global Augmented Analytics Market
Figure 4 Value Chain/Supply Chain Of Global Augmented Analytics Market
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.