Emergen research’s latest document, titled ‘Augmented Intelligence Market’ is one of the most sought-after market reports involving an in-depth analysis of the global Augmented Intelligence Market. The report’s authors have offered necessary details on the latest Augmented Intelligence Market trends and the crucial parameters impacting both short-term and long-term market growth.
The global augmented intelligence market size reached USD 17.90 Billion in 2022 and is expected to register a revenue CAGR of 24.7% during the forecast period, according to the latest analysis by Emergen Research. Increasing volume of complex business data is a major factor driving market revenue growth. There is rising demand for augmented intelligence technologies such as Machine Learning (ML) and Natural Language Processing (NLP) to evaluate data. Augmented intelligence enables enterprises to examine organized, semi-structured, and unstructured data collections. The variety and volume of data created are likely to significantly rise in the coming years due to expansion of digital technology across company processes.
Data security concerns is a key factor restraining the overall revenue growth of the market. Data, the backbone of augmented intelligence systems, is a key part that most firms struggle to manage. The inefficiency of maintaining exabytes and petabytes of data has raised the likelihood of security breaches and data loss. In today's competitive industry, marketing teams require real-time and secure data to provide an exceptional consumer experience. Organizations are collecting data through many touchpoints and measuring it online. Such data is utilized in support and communication and may contain a range of data kinds. These data kinds include public information, huge data, and tiny data acquired from clients. As the Internet of Things (IoT) becomes more prevalent, enterprises will demand more robust security and privacy to prevent breaches. The issue of security jeopardizes digitalization's progress. As the number of IoT-enabled systems grows, so will the number of security and privacy vulnerabilities, and every point, gateway, sensor, and smartphone will become a possible target for hackers.
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Report Scope:
Forecast Period: 2023- 2032
CAGR: 24.7%
Base Year: 2022
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Leading Players Profiled in the Report:
Some major companies in the global market report include The International Business Machines Corporation (IBM), Salesforce, Inc., Microsoft Corporation, SAP SE, SAS, CognitiveScale, TIBCO Software Inc., Neoris, Sisense, and MicroStrategy Incorporated.
Some Key Highlights from the Report
- The computer vision segment accounted for moderate revenue share in 2022. Rising demand for drones owing to their application in navigation and monitoring and significant investments in autonomous and semi-autonomous vehicles are major factors driving revenue growth of the segment.
- In addition, recent advancements in computer vision comprising image sensors, advanced cameras, and deep learning techniques have significantly contributed to revenue growth of the segment over the forecast period.
- The on-premises segment accounted for moderate revenue share in 2022. Increasing emphasis on long-term value generation, security, cost-effectiveness, and increased productivity are key factors driving revenue growth of the segment.
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Emergen Research has segmented the global augmented intelligence market on the basis of technology, deployment mode, organization size, and region:
· Technology Outlook (Revenue, USD Billion; 2019-2032)
- ML
- NLP
- Computer Vision
- Other Technologies
· Deployment Mode Outlook (Revenue, USD Billion; 2019-2032)
- On-Premises
- Cloud
· Organization Size Outlook (Revenue, USD Billion, 2019 - 2032)
- Small and Medium Enterprises
- Large Enterprises
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Augmented Intelligence market.
Key Questions Answered in the Report:
What is the growth rate of the Augmented Intelligence market? What is the anticipated market valuation of Augmented Intelligence industry by 2032?
What are the key growth driving and restraining factors of the Augmented Intelligence market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Augmented Intelligence industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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