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1094379

Augmented Intelligence Market Forecasts to 2028 - Global Analysis By Type (Decision Support, Smart Products), Component (Hardware, Services), Technology, End User, and By Geography

Published: | Stratistics Market Research Consulting | 200+ Pages | Delivery time: 2-3 business days

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Augmented Intelligence Market Forecasts to 2028 - Global Analysis By Type (Decision Support, Smart Products), Component (Hardware, Services), Technology, End User, and By Geography
Published: June 1, 2022
Stratistics Market Research Consulting
Content info: 200+ Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

According to Stratistics MRC, the Global Augmented Intelligence Market is accounted for $14.31 billion in 2021 and is expected to reach $61.32 billion by 2028 growing at a CAGR of 23.1% during the forecast period. Augmented intelligence is an alternative form of artificial intelligence that focuses on AI's assistive role. Augmented intelligence refines human abilities of reasoning in software or robotic system that includes expectancy, recollection & sequencing, business outlook, and problem-solving.

Market Dynamics:

Driver:

Increase in use of advanced technologies

The rise in the adoption of artificial intelligence, machine learning, and natural language processing technologies for solving complex business problems and improving revenue is driving market growth. The generation of a massive amount of data and the need to analyze it in real-time has compelled organizations to adopt new technologies. These technologies have eased the whole process of gathering insights from data. Usually, data analysis was done through graphs and charts. The data analysis was not user-friendly, and there was a risk of misinterpretation and poor decision-making.

Restraint:

Data security concerns

The backbone of augmented intelligence solutions, data, is a significant feature that most businesses find difficult to manage. The inefficiency of managing exabytes and petabytes of data has increased the risk of security breaches and data losses. Organizations are gathering information through multiple touchpoints and measuring them virtually. Such data is utilized in support and communication and may include a variety of data types. With the increasing IoT-enabled systems, the security and privacy issues will also increase, and every endpoint, gateway, sensor, and smartphone will become a potential target for hackers.

Opportunity:

The rise in the use of digital technology

Digital technologies increase the speed of business growth as they let companies reach a wide audience and build lifelong relations with clients to boost brand reliability. Moreover, technology assists organizations to achieve numerous objectives which augment the growth of the market. Furthermore, the increase in the use of digital technology among business that works with distributors & suppliers, specialized & sub-contractor's consultants for producing a varied range of products and services provide ample opportunities for the market.

Threat:

Integration of data from data silos

Extracting value from data has become the main thing for many organizations to successfully reduce risks, target valuable customers, and evaluate business performance. Monetizing these data assets needs the accessibility of enough amount of data. Though, data consolidation from distinct data sources into meaningful information can bring new challenges for organizations, particularly centralized business enterprises. Many augmented intelligence providers offer unified data aggregation and data analytics platforms that assist users in successfully aggregating and analyzing data from disparate data sources. As the need for data exchange increases, it needs to be balanced with risk mitigation capabilities.

The machine learning segment is expected to be the largest during the forecast period

The machine learning segment is estimated to have a lucrative growth as machine learning helps in the transformation of knowledge into expertise and the extraction of significant patterns from huge amounts of data. Augmented intelligence along with machine learning systems can detect patterns utilizing aggregated data with precise unit characteristics of each instance and numerous variables to be employed, allowing predictive models to be built.

The large enterprises segment is expected to have the highest CAGR during the forecast period

The large enterprises segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the high adoption of augmented intelligence and services among large enterprises as these enterprises use augmented intelligence solutions for specific use cases. They are faced with the troublesome task of effectively managing security because of the diverse nature of IT infrastructure, which is complex in nature.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the increasing technological advancements, penetration of new industries and improvement in the economy, presence of a growing number of cloud augmented intelligence solution vendors, and the growing number of augmented intelligence players across regions.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period as the region it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players and wide presence of small-and medium-scale enterprises, which are turning toward hosted augmented intelligence solutions to efficiently manage their business processes, particularly in developing countries such as China, India, and Singapore.

Key players in the market

Some of the key players profiled in the Augmented Intelligence Market include TIBCO, Stradigi AI, Lucidworks, Sisense, Dataiku, Cosmo Tech, Salesforce, QlikTech International AB, NEORIS, MicroStrategy, SAP, Jumio, IBM, Google, Squirro AG, Microsoft, CognitiveScale, AWS, SAS and Schlumberger.

Key Developments:

In March 2022, Schlumberger expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of their unique business challenges, spanning exploration to production and new energy systems.

In April 2020, IBM released novel AI-powered technologies. IBM released novel AI-powered technologies to help the Health and Research Community accelerate the discovery of medical insights and treatments for COVID-19.

In June 2019, Salesforce acquired data visualization company Tableau Software. Along with Google Cloud's acquisition of Looker and Logi Analytics' purchase of Zoomdata, it's looking like the consolidation trend in big data and business analytics is back.

Types Covered:

  • Decision Automation
  • Decision Support
  • Smart Products

Components Covered:

  • Hardware
  • Services
  • Software
  • Solution

Deployment Modes Covered:

  • On-Premises
  • Cloud

Organization Sizes Covered:

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Technologies Covered:

  • Natural Language Processing
  • Machine Learning
  • Computer Vision
  • Other Technologies

Applications Covered:

  • Residential
  • Industrial
  • Commercial

End Users Covered:

  • Transportation & Logistics
  • Retail & Consumer Goods
  • Media & Entertainment
  • Automotive
  • IT & Telecom
  • Human Resources
  • Healthcare & Life Sciences
  • Government & Defense
  • Fintech
  • Energy & Utilities
  • Banking, Financial Services and Insurance (BFSI)
  • Manufacturing
  • Agriculture
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Product Code: SMRC21547

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Technology Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Augmented Intelligence Market, By Type

  • 5.1 Introduction
  • 5.2 Decision Automation
  • 5.3 Decision Support
  • 5.4 Smart Products

6 Global Augmented Intelligence Market, By Component

  • 6.1 Introduction
  • 6.2 Hardware
    • 6.2.1 Processors
    • 6.2.2 Network
    • 6.2.3 Memory
  • 6.3 Services
    • 6.3.1 Support & Maintenance
    • 6.3.2 Deployment & Integration
  • 6.4 Software
  • 6.5 Solution

7 Global Augmented Intelligence Market, By Deployment Mode

  • 7.1 Introduction
  • 7.2 On-Premises
  • 7.3 Cloud

8 Global Augmented Intelligence Market, By Organization Size

  • 8.1 Introduction
  • 8.2 Large Enterprises
  • 8.3 Small and Medium-Sized Enterprises

9 Global Augmented Intelligence Market, By Technology

  • 9.1 Introduction
  • 9.2 Natural Language Processing
  • 9.3 Machine Learning
  • 9.4 Computer Vision
  • 9.5 Other Technologies
    • 9.5.1 Spatial Navigation
    • 9.5.2 Predictive Analytics
    • 9.5.3 Logical Reasoning
    • 9.5.4 Context-Aware Computing
    • 9.5.5 Pattern Recognition

10 Global Augmented Intelligence Market, By Application

  • 10.1 Introduction
  • 10.2 Residential
  • 10.3 Industrial
  • 10.4 Commercial

11 Global Augmented Intelligence Market, By End User

  • 11.1 Introduction
  • 11.2 Transportation & Logistics
  • 11.3 Retail & Consumer Goods
  • 11.4 Media & Entertainment
  • 11.5 Automotive
  • 11.6 IT & Telecom
  • 11.7 Human Resources
  • 11.8 Healthcare & Life Sciences
  • 11.9 Government & Defense
  • 11.10 Fintech
  • 11.11 Energy & Utilities
  • 11.12 Banking, Financial Services and Insurance (BFSI)
  • 11.13 Manufacturing
  • 11.14 Agriculture
  • 11.15 Other End Users
    • 11.15.1 Travel
    • 11.15.2 Research and Academia
    • 11.15.3 Hospitality
    • 11.15.4 Factory Automation
    • 11.15.5 Business Analysis
    • 11.15.6 Autopilot

12 Global Augmented Intelligence Market, By Geography

  • 12.1 Introduction
  • 12.2 North America
    • 12.2.1 US
    • 12.2.2 Canada
    • 12.2.3 Mexico
  • 12.3 Europe
    • 12.3.1 Germany
    • 12.3.2 UK
    • 12.3.3 Italy
    • 12.3.4 France
    • 12.3.5 Spain
    • 12.3.6 Rest of Europe
  • 12.4 Asia Pacific
    • 12.4.1 Japan
    • 12.4.2 China
    • 12.4.3 India
    • 12.4.4 Australia
    • 12.4.5 New Zealand
    • 12.4.6 South Korea
    • 12.4.7 Rest of Asia Pacific
  • 12.5 South America
    • 12.5.1 Argentina
    • 12.5.2 Brazil
    • 12.5.3 Chile
    • 12.5.4 Rest of South America
  • 12.6 Middle East & Africa
    • 12.6.1 Saudi Arabia
    • 12.6.2 UAE
    • 12.6.3 Qatar
    • 12.6.4 South Africa
    • 12.6.5 Rest of Middle East & Africa

13 Key Developments

  • 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 13.2 Acquisitions & Mergers
  • 13.3 New Product Launch
  • 13.4 Expansions
  • 13.5 Other Key Strategies

14 Company Profiling

  • 14.1 TIBCO
  • 14.2 Stradigi AI
  • 14.3 Lucidworks
  • 14.4 Sisense
  • 14.5 Dataiku
  • 14.6 Cosmo Tech
  • 14.7 Salesforce
  • 14.8 QlikTech International AB
  • 14.9 NEORIS
  • 14.10 MicroStrategy
  • 14.11 SAP
  • 14.12 Jumio
  • 14.13 IBM
  • 14.14 Google
  • 14.15 Squirro AG
  • 14.16 Microsoft
  • 14.17 CognitiveScale
  • 14.18 AWS
  • 14.19 SAS
  • 14.20 Schlumberger

List of Tables

  • Table 1 Global Augmented Intelligence Market Outlook, By Region (2020-2028) ($MN)
  • Table 2 Global Augmented Intelligence Market Outlook, By Type (2020-2028) ($MN)
  • Table 3 Global Augmented Intelligence Market Outlook, By Decision Automation (2020-2028) ($MN)
  • Table 4 Global Augmented Intelligence Market Outlook, By Decision Support (2020-2028) ($MN)
  • Table 5 Global Augmented Intelligence Market Outlook, By Smart Products (2020-2028) ($MN)
  • Table 6 Global Augmented Intelligence Market Outlook, By Component (2020-2028) ($MN)
  • Table 7 Global Augmented Intelligence Market Outlook, By Hardware (2020-2028) ($MN)
  • Table 8 Global Augmented Intelligence Market Outlook, By Processors (2020-2028) ($MN)
  • Table 9 Global Augmented Intelligence Market Outlook, By Network (2020-2028) ($MN)
  • Table 10 Global Augmented Intelligence Market Outlook, By Memory (2020-2028) ($MN)
  • Table 11 Global Augmented Intelligence Market Outlook, By Services (2020-2028) ($MN)
  • Table 12 Global Augmented Intelligence Market Outlook, By Support & Maintenance (2020-2028) ($MN)
  • Table 13 Global Augmented Intelligence Market Outlook, By Deployment & Integration (2020-2028) ($MN)
  • Table 14 Global Augmented Intelligence Market Outlook, By Software (2020-2028) ($MN)
  • Table 15 Global Augmented Intelligence Market Outlook, By Solution (2020-2028) ($MN)
  • Table 16 Global Augmented Intelligence Market Outlook, By Deployment Mode (2020-2028) ($MN)
  • Table 17 Global Augmented Intelligence Market Outlook, By On-Premises (2020-2028) ($MN)
  • Table 18 Global Augmented Intelligence Market Outlook, By Cloud (2020-2028) ($MN)
  • Table 19 Global Augmented Intelligence Market Outlook, By Organization Size (2020-2028) ($MN)
  • Table 20 Global Augmented Intelligence Market Outlook, By Large Enterprises (2020-2028) ($MN)
  • Table 21 Global Augmented Intelligence Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
  • Table 22 Global Augmented Intelligence Market Outlook, By Technology (2020-2028) ($MN)
  • Table 23 Global Augmented Intelligence Market Outlook, By Natural Language Processing (2020-2028) ($MN)
  • Table 24 Global Augmented Intelligence Market Outlook, By Machine Learning (2020-2028) ($MN)
  • Table 25 Global Augmented Intelligence Market Outlook, By Computer Vision (2020-2028) ($MN)
  • Table 26 Global Augmented Intelligence Market Outlook, By Other Technologies (2020-2028) ($MN)
  • Table 27 Global Augmented Intelligence Market Outlook, By Spatial Navigation (2020-2028) ($MN)
  • Table 28 Global Augmented Intelligence Market Outlook, By Predictive Analytics (2020-2028) ($MN)
  • Table 29 Global Augmented Intelligence Market Outlook, By Logical Reasoning (2020-2028) ($MN)
  • Table 30 Global Augmented Intelligence Market Outlook, By Context-Aware Computing (2020-2028) ($MN)
  • Table 31 Global Augmented Intelligence Market Outlook, By Pattern Recognition (2020-2028) ($MN)
  • Table 32 Global Augmented Intelligence Market Outlook, By Application (2020-2028) ($MN)
  • Table 33 Global Augmented Intelligence Market Outlook, By Residential (2020-2028) ($MN)
  • Table 34 Global Augmented Intelligence Market Outlook, By Industrial (2020-2028) ($MN)
  • Table 35 Global Augmented Intelligence Market Outlook, By Commercial (2020-2028) ($MN)
  • Table 36 Global Augmented Intelligence Market Outlook, By End User (2020-2028) ($MN)
  • Table 37 Global Augmented Intelligence Market Outlook, By Transportation & Logistics (2020-2028) ($MN)
  • Table 38 Global Augmented Intelligence Market Outlook, By Retail & Consumer Goods (2020-2028) ($MN)
  • Table 39 Global Augmented Intelligence Market Outlook, By Media & Entertainment (2020-2028) ($MN)
  • Table 40 Global Augmented Intelligence Market Outlook, By Automotive (2020-2028) ($MN)
  • Table 41 Global Augmented Intelligence Market Outlook, By IT & Telecom (2020-2028) ($MN)
  • Table 42 Global Augmented Intelligence Market Outlook, By Human Resources (2020-2028) ($MN)
  • Table 43 Global Augmented Intelligence Market Outlook, By Healthcare & Life Sciences (2020-2028) ($MN)
  • Table 44 Global Augmented Intelligence Market Outlook, By Government & Defense (2020-2028) ($MN)
  • Table 45 Global Augmented Intelligence Market Outlook, By Fintech (2020-2028) ($MN)
  • Table 46 Global Augmented Intelligence Market Outlook, By Energy & Utilities (2020-2028) ($MN)
  • Table 47 Global Augmented Intelligence Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
  • Table 48 Global Augmented Intelligence Market Outlook, By Manufacturing (2020-2028) ($MN)
  • Table 49 Global Augmented Intelligence Market Outlook, By Agriculture (2020-2028) ($MN)
  • Table 50 Global Augmented Intelligence Market Outlook, By Other End Users (2020-2028) ($MN)
  • Table 51 Global Augmented Intelligence Market Outlook, By Travel (2020-2028) ($MN)
  • Table 52 Global Augmented Intelligence Market Outlook, By Research and Academia (2020-2028) ($MN)
  • Table 53 Global Augmented Intelligence Market Outlook, By Hospitality (2020-2028) ($MN)
  • Table 54 Global Augmented Intelligence Market Outlook, By Factory Automation (2020-2028) ($MN)
  • Table 55 Global Augmented Intelligence Market Outlook, By Business Analysis (2020-2028) ($MN)
  • Table 56 Global Augmented Intelligence Market Outlook, By Autopilot (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.