The Business Research Company’s report on the Augmented Analytics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the augmented analytics market further?
The increasing demand for the adoption of business intelligence (BI) tools is expected to propel the growth of the augmented analytics market. The adoption of business intelligence tools is used to simplify more frequent data-driven decision-making. It is used from the data scientists to employees on the front lines where the departments and teams will gain insights into the data, which helps to promote data democratization all over the organization. For instance, in January 2024, according to a report published by Techjury, a US-based software and tech review company, over 33% of large enterprises used business intelligence (BI) for decision-making in 2023, with companies making decisions five times faster after adopting data analytics, while the BI market is expected to reach $33.3 billion by 2025, and more than 67% of organizations had adopted BI by 2020, with 70% of professionals deeming data discovery essential. Therefore, the increasing demand for the adoption of business intelligence (BI) tools drives the augmented analytics market growth.
Access Your Free Sample of the Global Augmented Analytics Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7034&type=smp
What are the key factors influencing the forecasted market size of the augmented analytics industry?
The augmented analytics market size has grown exponentially in recent years. It will grow from $13.62 billion in 2024 to $16.51 billion in 2025 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to focus on automated insights and recommendations, user-centric design and adoption, cloud-based analytics platforms, focus on explainable ai and transparency, need for real-time and contextual insights.
The augmented analytics market size is expected to see exponential growth in the next few years. It will grow to $41.23 billion in 2029 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to continued data complexity and volume, increasing demand for simplified analytics solutions, advancements in ai and machine learning, expansion of self-service analytics. Major trends in the forecast period include convergence of ai and analytics, automated machine learning (AutoML), natural language processing (NLP) advancements, explainable ai (XAI) and transparency, embedded analytics in business applications, predictive and prescriptive analytics adoption.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7034&type=smp
Who are the leading competitors in the augmented analytics market?
Major companies operating in the augmented analytics market include Salesforce, Inc., SAP SE, The International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Tableau Software, MicroStrategy Incorporated, SAS Institute Inc., QlikTech International AB, TIBCO Software India Pvt. Ltd, Sisense Ltd., Cloud Software Group, Inc., Yellowfin, ThoughtSpot Inc., Domo, Inc., Alation, Inc., Tamr, Paxata, Attivio, Arcadia Solutions, LLC, Squirro AG, GoodData Corporation, Looker Data Sciences, Inc., Alteryx, Board International S. A, Logi Analytics, Inc., Pyramid Analytics, Birst, Inc., Datorama, Panorama Software Ltd., DataRobot, Inc., RapidMiner, Inc., BIME Analytics
Which emerging trends are set to transform the augmented analytics market landscape?
Technology advancement is gaining popularity in the augmented analytics market. Major players in the augmented analytics market focus on innovative products to obtain an edge in the market against their competitors. For instance, in April 2022, India-based Smarten Augmented Analytics company announced the addition of sentiment analysis features and functionality to its cutting-edge augmented analytics solution. This addition provides businesses with tools for understanding what customers, stakeholders, and others think, allowing organizations to enhance their products and services.
How do different geographies compare in terms of market share and growth potential in the augmented analytics market?
North America was the largest region in the augmented analytics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the augmented analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/augmented-analytics-global-market-report
Which major segments of the augmented analytics market are experiencing the fastest growth?
The augmented analytics market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Services: Training And Consulting, Deployment And Integration, Support And Maintenance
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
Subsegments:
1) By Software: Data Preparation Tools, Business Intelligence (BI) Tools, Analytics And Visualization Tools, Natural Language Processing (NLP) Tools, Machine Learning Platforms
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7034
What defines the structure and scope of the augmented analytics market?
Augmented analytics refers to the application of technology like AI and machine learning to increase human curiosity and facilitate the preparation, analysis, and visualization of data for business users. Users discover insights more quickly by conversing with their data, while algorithms propose contextually relevant insights. Augmented analytics assists with data preparation, insight generation, and explanation that augments experts and data scientists with the automation of developing, managing, and deployment of data science machine learning and artificial intelligence models.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
