Augmented Analytics Market

The augmented analytics market is expected to gain growth opportunities during the COVID-19 pandemic era.

PORTLAND , PORTLAND, OR, UNITED STATE, September 19, 2022 /EINPresswire.com/ -- An increase in the need to democratize analytics and increase productivity, a rise in awareness of enterprises to utilize growing streams of data from various sources in innovative ways and an increase in the need to make the work easier for citizen data scientists and business users are some of the key factors that are expected to fuel the growth of the global market. However, data security concerns are expected to hamper the growth of the augmented analytics market size.

According to the report, the global augmented analytics market garnered $4.09 billion in 2017 and is expected to reach $29.86 billion by 2025, registering a CAGR of 28.4% from 2018 to 2025.

Download Sample Report (Get Full Insights in PDF - 318 Pages) at: https://www.alliedmarketresearch.com/request-sample/5140

The cloud deployment segment is expected to grow at the highest CAGR during the forecast period due to the greater prospects to facilitate real business value to the organization through reduced cost.

In addition, direct IT control, internal data delivery & handling, faster data processing, efficient resource utilization, and cost-effectiveness of cloud deployment are some of the advantages offered by this deployment mode, which in turn are anticipated to boost the augmented analytics market growth.

The IT business function segment dominated augmented analytics market share in 2017, and is projected to maintain its dominance during the forecast period. However, finance and sales & marketing segments are anticipated to witness high growth rates during the forecast period due to the growing usage of machine learning and natural language generation in analytics for these functions.

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report

Among industry verticals, the BFSI segment accounted for the largest share in 2017, accounting for about one-fourth share of the total revenue. It is expected to remain dominant through 2025, owing to the growing demand for augmented analytics in the sector to leverage the power of artificial intelligence to reduce costs, increase revenue, and comply with regulations. Moreover, augmented analytics solutions help forecast losses more accurately and facilitate risk mitigation and fraud detection.

However, the healthcare & life sciences segment would grow at the fastest CAGR of 37.3% through 2025, owing to the surge in demand for optimized care services and the high requirement for generating useful insights for hospital managers, healthcare scientists & researchers, and pharmaceutical experts to analyze patient turnover data, boost drug discovery, and decrease time to market lifesaving drugs. The report also analyzes telecom and IT, manufacturing, government, transportation & logistics, and other segments.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5140

Some of the key players operating in the augmented analytics market include IBM Corporation, Qlik, Tableau Software, Tibco Software, Salesforce, Sisense Inc., SAP SE, SAS Institute, Microsoft, and ThoughtSpot.

Key Findings of the Augmented Analytics Market:

• By component, the services segment is expected to exhibit significant growth in the global augmented analytics market during the forecast period.

• In 2017, the on-premise segment accounted for the highest revenue in the deployment category.

• By organization size, SMEs are projected to have the highest growth rate during the forecasting period.

• Based on business function, the IT segment generated the highest revenue in 2017.

• Based on industry verticals, the BFSI segment generated the highest revenue in 2017.

• Based on region, North America led the market in terms of revenue in 2017.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5140

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Related Report:

1. Augmented Intelligence Market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us and is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.