Augmented Analytics Market 2020: Trends, Growth Factors, Key Countries Analysis by Leading Players With Forecast to 2023
Overview:
The analysis of automated data is
gaining importance due to a broad application base. Reports that explore the information
and communication technology industry have been presented by Market Research
Future, which produces reports on industry verticals that appraise the market
expansion and prospects. The income generation in the market is expected to be
valued at USD 13 billion by 2023 while increasing with a 24 % CAGR.
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The integration of business
intelligence and artificial intelligence is anticipated to strengthen the
augmented analytics market. The need to automate predictive and prescriptive
tools is predicted to create favorable impetus for market progress in the
coming years. The development in blockchain technology is expected to create a
promising outlook for progress in the augmented analytics market during the
forecast period.
Segmentation:
The global Augmented Analytics market is segmented into
component, deployment mode, organization size, vertical, and region. By
component, the market is segmented into software, and services. Services
segment is further sub-segmented into professional and managed services. By
deployment, the market is segmented into on-premise, on-cloud and hybrid. By
organization size, the market is sub-segmented into SMEs and large enterprises.
By vertical, the market is classified into BFSI, Government & defense, IT
& Telecommunication, Retail, manufacturing, energy & utilities,
transportation, media & entertainment, and healthcare among others.
Regional Analysis:
The market for Augmented
Analytics market is estimated to grow at a significant rate during the
forecast period 2018 to 2023. The geographical analysis of Augmented Analytics
market is studied for North America (U.S, Canada, and Mexico), Europe (Germany,
U.K, France, Russia, Italy, Spain, and Rest of Europe), Asia-Pacific (China,
Japan, India, Singapore, Australia, South Korea and Rest of Asia-Pacifc), and
the Rest Of The World (including the Middle East & Africa, and South
America).
Currently, North America is a
leading market in Augmented Analytics. North America is an established region
in terms of advanced infrastructure and is widely known as an early adopter of
new technologies. Advancements in technologies such as machine learning, and
natural language processing has developed fruitful opportunities for the
development of Augmented Analytics solutions in the region.
Europe is the second highest
revenue generating market for Augmented Analytics. High adoption of identity
access management solutions by IT & telecommunication, and government
sector, and increase spending on analytics tools by key players such as SAP SE
in the region are the factors propelling the growth of European augmented
analytics market.
Asia-Pacific is projected to grow
with fastest growing CAGR. Increasing development in machine learning
technology, among enterprises,
government support for digitization, high investment in advanced analytics
solution by China are some of the major driving factors for the growth of this
market in the region.
Key Players:
MRFR has considered Salesforce,
SAP SE, IBM Corporation, Microsoft Corporation, Oracle, Tableau Software, SAS,
Tibco Software, Sisense, Qlik, MicroStrategy, Looker, Yellowfin, Board
International, Logi Analytics, Pyramid Analytics, and Birst among some of the
key players in Augmented Analytics market.
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