What are the latest figures on the augmented intelligence market’s size and projected CAGR?
The augmented intelligence market size has grown exponentially in recent years. It will grow from $27.56 billion in 2024 to $35 billion in 2025 at a compound annual growth rate (CAGR) of 27.0%. The growth in the historic period can be attributed to evolving data ecosystem, integration with existing systems, rising complexity of business operations, addressing cognitive load, industry-specific applications.
The augmented intelligence market size is expected to see exponential growth in the next few years. It will grow to $90.19 billion in 2029 at a compound annual growth rate (CAGR) of 26.7%. The growth in the forecast period can be attributed to advancements in natural language processing (nlp), exponential growth of iot data, enhanced personalization in user experience, increased emphasis on ethical ai, continuous learning and adaptability. Major trends in the forecast period include cross-industry collaboration, increased digital transformation initiatives, human-ai collaboration, context-aware computing, predictive analytics and forecasting.
Get Your Free Sample of The Global Augmented Intelligence Market Report:
Which Market drivers have played a significant role in driving the augmented intelligence market?
The growing demand for e-commerce is expected to propel the growth of the augmented intelligence market going forward. E-commerce refers to an option that involves buying and selling products and services online. E-commerce provides a ground for the application of augmented intelligence, allowing businesses to harness the power of AI to improve customer experiences, optimize operations, and stay competitive in the rapidly evolving digital marketplace. For instance, in August 2024, according to the Quarterly Retail E-Commerce Sales published by the United States Census Bureau, a US-based government agency, total retail sales for the second quarter of 2024 were estimated at $1,826.9 billion, reflecting a 0.5 percent increase (±0.2) compared to the first quarter of 2024. During the same period, e-commerce sales rose by 6.7 percent (±1.2) from the second quarter of 2023, while overall retail sales saw a growth of 2.1 percent (±0.4). E-commerce accounted for 16.0 percent of total retail sales in the second quarter of 2024. Therefore, the growing demand for e-commerce is driving the growth of the augmented intelligence market.
What are the key segments within the augmented intelligence market?
The augmented intelligence market covered in this report is segmented –
1) By Component: Solution, Services
2) By Technology: Machine Learning, Natural Language Processing, Computer Vision, Other Technologies
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Industry Vertical: IT And Telecom, Retail And E-Commerce, BFSI, Healthcare, Manufacturing, Automotive, Other Verticals
Subsegments:
1) By Solution: Data Analytics Solutions, Cognitive Computing Solutions, Natural Language Processing (NLP) Solutions, Machine Learning Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
Order your report now for swift delivery
Which key players are shaping the augmented intelligence market?
Major companies operating in the augmented intelligence market report are Google, Microsoft Corporation, Facebook, Amazon Web Services Inc., International Business Machines Corporation, Oracle, SAP SE, NVIDIA, Salesforce Inc., Clarifai, OpenAI, TIBCO, MicroStrategy Inc., DeepMind, ThoughtSpot Inc., SS&C Blue Prism, DataRobot, AlphaSense, Builder.ai, Sisense Inc., Accubits, GoodData Corporation, Transmetrics, People.ai, Synthesia, Charles River Analytics, CognitiveScale, BenevolentAI SA SA, Altoida AG, Virtualitics
Which transformative trends will shape the augmented intelligence market landscape?
Major companies operating in the augmented intelligence market are focused on developing innovative technological solutions, such as digital assistant, to strengthen their position in the market. A digital assistant is a software agent that can perform certain tasks based on voice commands or user inputs, assisting users in various aspects of their daily lives or work. For instance, in December 2023, Squirro AG, a Switzerland-based software company, launched a cutting-edge generative AI application, SquirroGPT, to redefine online user engagement. This digital assistant is powered by RAG (Retrieval-Augmented Generation) and is designed to provide dynamic, real-time interaction with online audiences. It leverages advanced AI technology to enable secure and private chat interactions, aiming to transform how organizations engage with their online users. The introduction of SquirroGPT represents a significant advancement in the field of digital assistants and AI-powered user engagement.
How do regional factors impact the augmented intelligence market, and which region is the largest contributor?
North America was the largest region in the augmented intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the augmented intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Augmented Intelligence Market Report 2025 Offer?
The augmented intelligence market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Augmented intelligence refers to the use of artificial intelligence (AI) technologies to assist humans in improving their decision-making capabilities and enhancing their cognitive performance. Augmented intelligence seeks to combine the strengths of humans and machines to work together, relying on machine learning and deep learning to analyze data and provide valuable insights to humans.
Purchase the exclusive report now to unlock valuable market insights:
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
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
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: http://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
