Global Augmented Analytics Market to Grow at Double-digit CAGR till 2024
Growing demand for handling
large amount of complex data to boost the adoption of augmented analytics,
globally, through 2024
According to
TechSci Research report, “Global Augmented Analytics
Market By Deployment, By
Organization Size, By Business Function, By End-User, By Region, Competition,
Forecast & Opportunities, 2024”, global augmented analytics market is forecast
to grow at a double-digit CAGR during 2019-2024, on account of increasing need
for analyzing large amount of complex data. Organizations have started
implementing building models and integrating data for automating and
simplifying various tasks. Moreover, increasing adoption of machine learning
and artificial intelligence is expected to positively impact global augmented analytics
market during the forecast period.
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Augmented Analytics Market"
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Augmented
analytics market, globally, can be segmented based on deployment, organization
size, business function, end-user and region. In terms of organization size, SME
segment is expected to account for the largest market share, as augmented
analytics help SMEs in boosting their operational productivity and maximizing profit
through appropriate assessment of data. Based on deployment, the market can be
segmented into cloud and on-premise. Cloud segment is likely to register
fastest growth rate in coming years, on account of factors such as scalability,
cost-effectiveness, and accessibility of real time information from remote
location. In terms of end user, BFSI captured the largest market share in 2018
and is expected to continue its market dominance during the forecast period, as
analysts in financial organizations are using augmented analytics solutions to
monitor sales performance and determine the employee efficiency.
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IBM
Corp., Microsoft Corp., SAP SE, Salesforce.com, Inc., Oracle Corp. and SAS
Institute Inc. are some of the leading players operating in global augmented
analytics market. Companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share. In the last month of 2018, Microsoft announced integration between Azure
data lake storage Gen2 and Power BI dataflows. This integration would allow organizations
to unify data across Power BI and Azure Data services. In October 2018, IBM
partnered with Motio to accelerate the upgrades to Cognos Analytics 11.1.
“North America
is expected to lead global augmented analytics market through 2024 due to the
early adoption of artificial intelligence-based intelligence and surging
application of augmented analytics in business intelligence. Asia-Pacific augmented
analytics market is anticipated to witness significant growth in coming years,
on account of burgeoning demand for cloud-based augmented analytics solutions
in growing economies such as China, India and New Zealand.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Augmented Analytics Market By
Deployment, By Organization Size, By Business Function, By End-User, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated
the future growth potential of global augmented analytics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global augmented analytics market.
About TechSci Research
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Research is a leading global market research firm publishing premium market
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