The global augmented intelligence market is anticipated to grow at a significant CAGR of 39.9% during the forecast period. The factor that drives the global augmented intelligence market is the increasing adoption of technology such as AI, among others. AI-driven automation has proven useful in numerous applications across various industries, including the aviation, medical, agriculture, energy, and material handling markets. It is being utilized to automate tasks, diagnose equipment malfunctions, and detect product anomalies. Furthermore, AI technology is still in the early stage of its life cycle, and the workforce with in-depth knowledge of this technology is limited. Thus, this factor may restrain the market during the forecast period.
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The COVID-19 pandemic has motivated new applications and technological developments within the sector. It has accelerated the acceptance of AI in sectors such as healthcare, manufacturing, IT & telecom, and others. AI-based tools and solutions were being utilized at scale for responding to the pandemic. Technology giants such as Microsoft, Google, Apple, Amazon, and Facebook were taking initiatives related to remote communications among patients and clinicians, contact tracing, and drug development. During the pandemic, numerous companies experienced a significant increase in pressure from customers, while their number of available employees decreased. Numerous contact centers were unable to manage demand due to lockdown restrictions, leading to long delays in customer service queries, which dramatically affected the customer experience. Hence this situation has increased the demand for augmented intelligence during the COVID-19 pandemic.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Augmented Intelligence Market by Technology
- Machine Learning (ML)
- Natural Language Processing (NLP)
- Computer Vision
- Others (Spatial Navigation, Logical Reasoning, and Pattern Recognition)
Global Augmented Intelligence Market by Deployment Mode
- Cloud
- On-Premises
Global Augmented Intelligence Market by Verticals
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Manufacturing
- Government & Defense
- Energy & Utilities
- Transportation & Logistics
- Media & Entertainment
- Others (Travel, and Hospitality).
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aible, Inc.
- COSMO TECH
- DataRobot, Inc.
- Impulse Innovations Ltd.
- Lucidworks, Inc.
- MicroStrategy
- NEORIS DE MÉXICO, S.A. DE C.V.
- QlikTech International AB
- Salesforce, Inc.
- SAP Digital Commerce
- SAS Institute Inc.
- Sisense Inc.
- Squirro AG
- Stradigi AI Inc.
- Tellius, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global augmented intelligence market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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