The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Market Growth

• The augmented analytics market has witnessed exponential growth in recent years.
• Surging from $11.36 billion in 2023 to $13.9 billion in 2024, the market maintains a remarkable CAGR of 22.4%.
• Key drivers include automated insights, user-centric design, cloud-based platforms, and the need for real-time insights.

Anticipated Expansion: Insights into the Future

• Forecasts predict even more substantial growth, with the market projected to reach $32.46 billion by 2028, boasting a CAGR of 23.6%.
• Continued data complexity, demand for simplified solutions, AI and ML advancements, and self-service analytics drive this growth.
• Emerging trends include AI-analytics convergence, AutoML, NLP advancements, XAI, embedded analytics, and predictive/prescriptive analytics adoption.

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Digital Transformation Catalyst for Market Growth

• Digital transformation across industries is a key driver propelling augmented analytics market growth.
• Augmented analytics leverages AI and ML to harness vast data volumes, offering automated insights and natural language processing.
• Businesses utilize augmented analytics to make informed decisions, identify trends, and extract valuable insights.
• Major players such as Salesforce, SAP, IBM, and Microsoft lead innovation in the augmented analytics landscape.

Technology Advancements Enhance Market Competitiveness

• Technology advancements play a pivotal role in shaping the augmented analytics market.
• Companies focus on innovative products to gain a competitive edge.
• Smarten Augmented Analytics introduced sentiment analysis features, enhancing its solution’s capabilities for understanding customer sentiments.
• Qlik’s acquisition of Big Squid Inc. expands its analytics capabilities, incorporating predictive analytics and key driver analysis.

Market Segmentation and Regional Dynamics

• The augmented analytics market is segmented by component, deployment type, services, organization size, and vertical.
• Components include software and services, while deployment options range from on-premises to cloud-based solutions.
• North America led the market in 2023, with Asia-Pacific expected to witness the fastest growth in the forecast period.

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The Augmented Analytics Global Market Report 2024  provides comprehensive insights on the augmented analytics market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the augmented analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

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