The global augmented intelligence market is anticipated to grow at a considerable CAGR of 39.9% during the forecast period. The primary factor that is bolstering the growth of the market over the forecast period is the significant rise in the development and introduction of various AI-powered and advanced technologies in the market. Advanced technologies include big data, blockchain, artificial intelligence, and the Internet of Things (IoT), among others.
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Moreover, augmented intelligence facilitates an analysis of structured, semi-structured, and unstructured data sets available within organizations. The diversity and volume of data produced are anticipated to increase in the years, due to the evolution of digital technologies across business functions. This increasing volume of compound data is anticipated to further drive the adoption of the market products and services. Several key players are focusing on launching new AI-powered technologies for various verticals such as BFSI, healthcare & life sciences, manufacturing, and many more. For instance, in April 2020, IBM launched Watson Advertising Social Targeting with Influential, a new solution that harnesses artificial intelligence (AI) to assist brands to identify influencers that best align with their brand values. The new solution within the Watson Advertising suite of targeting products marks an inflated collaboration with Influential. Further, the increase in the utilization of digital technology to fulfill the customer’s expectations is expected to boost the global augmented intelligence market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Technology
o By Deployment Mode
o By Verticals
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Google, IBM corp., Microsoft, TIBCO Software Inc., Amazon Web Services, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Augmented Intelligence Market Report Segment
By Technology
- Machine Learning
- Natural Language Processing
- Computer Vision
- Others (Spatial Navigation, Logical Reasoning and Pattern Recognition)
By Deployment Mode
- Cloud
- On-Premises
By Verticals
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Manufacturing
- Government & Defense
- Energy & Utilities
- Transportation & Logistics
- Media & Entertainment
- Others (Travel, and Hospitality)