Summary
The global Augmented Analytics Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Augmented analytics is the use of linguistic and statistical technologies, in order to enhance data management performance from data analysis to data sharing and business intelligence as well. In layman’s terms, augmented analytics is connected to the capability to transform big data into smaller and more usable datasets. Augmented analytics automates the data insights with the help of natural language generation and machine learning for data discovery and insight sharing. The global augmented analytics market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global augmented analytics market is expected to witness significant growth during the forecast period, owing to the increasing adoption of advanced business intelligence.
Market Driver:
Increasing the volume of complex business data coupled with the growing adoption of advanced business intelligence and analytics tools is expected to drive growth of the global augmented analytics market during the forecast period. Complex data analytics is the use of advanced algorithms to process large unstructured data. A vast amount of data is generated by people as well as machines such as airplanes, automobiles, and buildings. This requires a sophisticated method of analytics, which is provided by augmented analytics. Moreover, organizations are rapidly adopting advanced business intelligence and analytics tools, in order to gain better insights and enhance the functionalities. Thus, these factors are expected to boost market growth over the forecast period. Furthermore, the rising demand for increased productivity of business processes is expected to propel the global augmented analytics market during the forecast period.
Market Restraint:
Hesitations regarding technologies replacing humans are expected to hinder the global augmented analytics market growth during the forecast period.
Regional Insights:
Among regions, North America is expected to witness significant growth in the global augmented analytics market during the forecast period. This is owing to the increasing adoption of advanced technologies for the enhancement of customer experience in the region. Furthermore, Asia Pacific is expected to exhibit a lucrative growth rate over the forecast period, owing to the rising adoption of data discovery, self-service business intelligence (BI), and visualization across business organizations.
Competitive Section:
Key players operating in the global augmented analytics market are MicroStrategy, IBM Corporation, Information Builders, SAP SE, Sisense, Microsoft Corporation, TIBCO Software, Oracle Corporation, Qlik, Tableau, and SAS.
Key players in the market are focused on product launches, in order to gain a competitive advantage in the market. For instance, in February 2019, MicroStrategy Inc., a provider of enterprise analytics, introduced MicroStrategy 2019, an enterprise platform for Federated Analytics, Hyperintelligence, and Transformational Mobility.
The Augmented Analytics Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Augmented Analytics Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- IBM
- SAP
- Microsoft
- Oracle
- Tableau
- MicroStrategy
- SAS
- Qlik
- TIBCO Software
- Sisense
- Information Builders
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Telecommunication
- BFSI
- Manufacturing
- Government
- Others
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Augmented Analytics Market Report:
- To assess the size of the market by value and volume
- Analyze the Augmented Analytics Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Augmented Analytics Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Augmented Analytics Market
The Augmented Analytics Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Augmented Analytics Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 are considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into the specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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