Augmented Analytics Market 2030 By Component (Software, Services), Service (Training and Consulting, Deployment and Integration, Support, and Maintenance), Organization Size (Large enterprises, Small and Medium-sized Enterprises (SMEs)), Deployment Type, Industry and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 195 Pages | Published On : Feb 2024

         
     

Augmented Analytics Market was valued USD 18.7 Billion in 2022 and projected to reach USD 81.4 Billion by 2030, growing at a CAGR of 20.2% during the forecast period of 2023-2030.

Augmented Analytics Market Size


Graph
             2022                         2023-2030      

ReportDetails
Market Size ValueUSD 18.7 Billion in 2022
Market Size ValueUSD 81.4 Billion by 2030
CAGR20.2%
Forecast Period2023-2030
Historic Data2022
Segments CoveredServices, Component, Organization Size, End User, Deployment Type, Industry and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Augmented Analytics Market: Salesforce, SAP, IBM, Microsoft, Oracle, Tableau, MicroStrategy, SAS, Qlik, TIBCO Software, Sisense, Information Builders, Yellowfin, ThoughtSpot, and Domo, Microsoft, TIBCO Software, ThoughtSpot, Birst, Logi Analytics, Looker, Yellowfin, Pyramid Analytics, Board International and Others

Market Overview

The augmented analytics market is experiencing robust growth driven by the escalating demand for data-driven insights and intelligent business decision-making tools. The integration of advanced technologies, including machine learning and artificial intelligence, has revolutionized the analytics landscape, enabling organizations to derive meaningful insights from vast datasets. The market dynamics are characterized by a surge in the adoption of augmented analytics solutions across various industries, as businesses seek to enhance their operational efficiency and gain a competitive edge. Additionally, the increasing awareness of the benefits of augmented analytics, such as improved data accuracy and quicker decision-making, is propelling market expansion. The rise of self-service analytics and the growing importance of predictive and prescriptive analytics further contribute to the market's momentum. As organizations continue to prioritize data-driven strategies, the augmented analytics market is poised for sustained growth, with innovations and evolving user expectations shaping the competitive landscape.

Increasing demand for self-service augmented analytics tools

The increasing demand for self-service augmented analytics tools is a key driver for the augmented analytics market due to its ability to empower non-technical users within organizations to derive meaningful insights from complex data sets without the need for extensive technical expertise. These tools integrate advanced analytics capabilities, such as machine learning and natural language processing, into user-friendly interfaces, allowing business users to independently explore and analyze data. This shift towards self-service analytics not only enhances the efficiency of decision-making processes but also promotes a more democratized approach to data-driven insights within organizations. As businesses recognize the importance of agility and accessibility in analytics, the augmented analytics market is experiencing growth driven by the desire to make data-driven decision-making more pervasive across various functional areas.

Market Dynamics

Drivers:

  • Development in blockchain and modernization of digital technology
  • Increasing Demand to Cater Complex Business Data
  • Huge Adoption of Business Intelligence Tools

Opportunities:

  • Growing adoption of cloud-based augmented analytics solutions
  • Increasing demand for self-service augmented analytics tools
  • Augmented analytics for customer experience (CX) improvement

Use of augmented analytics to automate data preparation tasks

The prevailing trend in the augmented analytics market revolves around the widespread adoption of automation to streamline and expedite data preparation tasks. Organizations are increasingly leveraging augmented analytics tools to automate the labor-intensive process of collecting, cleaning, and transforming raw data into meaningful insights. This trend is driven by the need for efficiency and the desire to reduce the reliance on manual intervention, allowing businesses to allocate resources more strategically.  Data preparation is a time-consuming and labor-intensive task that can often take up to 80% of a data analyst's time. Augmented analytics can automate many of the tasks involved in data preparation, such as data cleansing, data transformation, and data integration. This can free up data analysts to focus on more complex tasks and improve the efficiency of data analysis. This trend is expected to continue as businesses generate more and more data. By incorporating machine learning algorithms and artificial intelligence into data preparation workflows, augmented analytics not only accelerates the analysis process but also enhances accuracy by minimizing the risk of human errors. This shift towards automated data preparation is reshaping how businesses approach analytics, fostering a more agile and responsive decision-making environment that is essential in today's fast-paced and data-driven landscape.

The market for Augmented Analytics Market is dominated by North America.

Asia Pacific dominated the Augmented Analytics Market. The Asia Pacific region is experiencing rapid economic growth and industrialization. This is driving the demand for advanced nanomaterials in a wide range of industries, such as electronics, energy and environment, healthcare, and aerospace and defense. There is a large and growing nanomaterials industry in the Asia Pacific region. This industry is supported by a number of leading nanomaterials companies, such as Samsung SDI, LG Chem, and Toray Industries. The cost of manufacturing advanced nanomaterials is relatively low in the Asia Pacific region. This is making the region an attractive destination for foreign investment in the nanomaterials industry.

Asia Pacific region is expected to continue to dominate the Augmented Analytics Market in the coming years. This is due to the region's rapid economic growth and industrialization, government support for nanotechnology research and development, presence of a large and growing nanomaterials industry, and low manufacturing costs. Also, Asia Pacific are the fastest growing region for the Augmented Analytics Market.  South Korea's Ministry of Trade, Industry and Energy (MOTIE) has launched a new program to support the development and commercialization of advanced nanomaterials. The program will provide funding to companies that are developing new nanomaterials and applications.

On-Premises Segment is anticipated to Hold the Largest Market Share During the Forecast Period

Based on by Deployment segments categorized into On premises and on cloud. The on-premises segment holds a major share in the augmented analytics market by deployment due to several factors contributing to the preference for in-house infrastructure. Many organizations, especially those in highly regulated industries such as finance and healthcare, prioritize on-premises solutions to maintain control over sensitive data and comply with strict security and privacy regulations. Additionally, certain enterprises with substantial investments in existing infrastructure may opt for on-premises augmented analytics solutions to leverage their existing resources and ensure seamless integration with other on-premises applications. The on-premises deployment model provides a sense of security and customization, allowing organizations to tailor the augmented analytics environment to their specific needs, address latency concerns, and manage data governance more closely. As a result, the on-premises segment continues to be a significant contributor to the augmented analytics market's overall growth.

Global Augmented Analytics Market Report Scope:

Report

Details

Market size value in 2023

USD 18.7 Billion

Market size value in 2030

USD 81.4 Billion

CAGR (2023-2030)

20.2%

Forecast Period

2023–2030

Historic Data

2019

Forecast Units

Value (USD Million/USD Billion)

Segments Covered

Services, Component, Organization Size, End User, Deployment Type, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Major Segmentations Are Distributed as follows:

  • By Component
    • Software
    • Services
  • By Services
    • Training and Consulting
    • Deployment and Integration
    • Support and Maintenance
  • By Organization Size
    • Large enterprises
    • Small and Medium-sized Enterprises (SMEs)
  • By Deployment Type
    • On-Premises
    • Cloud
  • By Industry
    • Banking, Financial Services, and Insurance (BFSI)
    • Telecom and IT
    • Retail and Consumer Goods
    • Healthcare and Life sciences
    • Manufacturing
    • Governments and Defense
    • Energy and Utilities
    • Transportation and Logistics
    • Media and Entertainment
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of MEA

Answers to Following Key Questions:

  • What will be the Augmented Analytics Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Augmented Analytics Market?
  • What are the main forces behind worldwide Augmented Analytics Market? Which companies dominate Augmented Analytics Market?
  • Which companies dominate Augmented Analytics Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Insight Engines industry's suppliers' opportunities and dangers in Augmented Analytics Market?
  • What is the Insight Engines industry's regional sales, income, and pricing analysis? In the Augmented Analytics Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Augmented Analytics Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Augmented Analytics Market?
  • What are the dominant revenue-generating regions for Augmented Analytics Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Augmented Analytics Market trends that are influencing the market's expansion?
  • Which key product categories dominate Augmented Analytics Market? What is Augmented Analytics Market’s main applications?
  • In the coming years, which Augmented Analytics Market technology will dominate the market?

Reason to purchase this Augmented Analytics Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Augmented Analytics Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Augmented Analytics Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Augmented Analytics Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Augmented Analytics Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Augmented Analytics Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

Augmented Analytics Market
Customize your Report
• Tailored advice to Drive your Performance
• Product Planning Strategy
• New Product Stratergy
• Expanded Research Scope
• Comprehensive Research
• Strategic Consulting
• Provocative and pragmatic
• Accelerate Revenue & Growth
• Evaluate the competitive landscape
• Optimize your partner network
• Analyzing industries
• Mapping trends
• Strategizing growth
• Implementing plans
A comprehensive cogent custom study with Analyzing Industries, Mapping Trends, Straterging growth & Implementing Plans. An in-depth and breadth of composite research, which gives complete support of the generation and evaluation of growth opportunities, and best practices recognition to help increase the revenue. Request a Custom Research below.
Request Customization

Covered Key Topics

Growth Opportunities

Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

Research Assistance

We will be happy to help you find what you need. Please call us or write to us:

+1 510-730-3200 (USA Number)

Email: sales@marketdigits.com