Augmented analytics market size Revenue Share Analysis, Company Profiles 2030
Increasing complex business data, increased adoption of analytic tools for business intelligence, and reducing operational costs, research, and constant innovation are some of the factors driving the Augmented analytics market size.
Market
Size – USD 7,868.5 Million in 2020, Market Growth - CAGR of 24.30%, Market
Trends – Technological advancements in the analytic techniques to propel the Augmented
analytics market size
The
global Augmented
analytics market size was valued at USD 7,868.5 Million in 2020 and is
expected to reach USD 46.26 Billion by the year 2030, at a CAGR of
24.30%. Augmented analytics market size research study offers an
all-inclusive analysis of the revenue generated by the online investment
vendors locally and globally. It includes the analysis of critical strategies,
business models, geographic presence, market dynamics, industry outlook,
competitive landscape, and Augmented analytics market size revenue for all
segments. The study provides an overall insight into the factors responsible
for the growth in the Augmented analytics market size. The factors driving the Augmented
analytics market size are increasing complex business data, increased adoption
of analytic tools for business intelligence and reducing operational costs, and
technological advancements in the analytic techniques. Owing to rising
urbanization and digitalization across the world, end-user sectors like BFSI,
Government, and retail industries have experienced growth, which is expected to
supplement the growth of the Augmented analytics market size. An increasing
number of key players are partnering up with the significant core companies in
the above sectors to provide a superior and more efficient platform to help
them grow their business as well as redefine experiences for the customers.
Get a sample of the
report @ https://www.reportsanddata.com/sample-enquiry-form/2154
The
Augmented analytics market size presents several opportunities for the vendors
due to increasing higher implementation of Cloud Augmented Analytics solutions
among SMEs. The growth of the Augmented analytics market size is expected to be
restrained due to them is the lack of skilled professionals required for
operating these systems, data privacy, and security issues, and reluctant to
implement new technology due to heavy dependence on traditional analytical
methods. It is anticipated that extensive research and development funded by
various companies, along with the enhancements of the cloud computing services
would help in overcoming this challenge and convert it into an opportunity for
the Augmented analytics market size to thrive upon. The ecosystem of the Cloud
Augmented Analytics comprises of several small and large enterprises. These
players are developing in house solutions by spending a larger share of revenue
in the innovation of the products. The companies are indulging in partnerships,
collaborations, agreements, and mergers to gain a competitive edge in the Augmented
analytics market size.
Further
key findings from the report suggest
- The Augmented
analytics market size is growing at a CAGR of 9% in the Asia Pacific due
to the rapid industrialization, urbanization, and digitalization of the
developing countries and the increased use of real-time analytics
techniques for business intelligence in developing countries such as
India, China, and Singapore.
- Global
modernization and emergence of technologies like Big Data, AI, ML, and BI,
has increased the number of analytical applications in all business
functions of the enterprise, which is expected to increase the use of Cloud
Augmented Analytics and expand its market size.
- Governments
are investing in the digitalization of the various industries to help
modernize the state-run services, which are availed by people for the day
to day activities. These services critically contribute to the revenue
generated by countries. It is expected this factor would help the Augmented
analytics market size growth.
- The cloud
deployment model is expected to dominate the Augmented analytics market
size owing to its low-cost implementation and flexible subscription models
suitable for the end-users.
- The sales and
marketing business function are estimated to dominate the market in 2018.
The enterprises are using Cloud Augmented Analytics solutions to derive
actionable insights from the existing data using buying patterns and
targeting customers for sales and marketing activities reducing failure
rates
- The BFSI is
estimated to be the fastest-growing end-use industry due to the increasing
use of Cloud Augmented Analytics solutions for reducing the financial
losses and calculating the risk and get a greater return on investments.
- The vendors
in the market have adopted various strategies to increase the product
ecosystem and gain a competitive edge over their competitors. For
instance, in 2019, Salesforce acquired Tableau, a data visualization
company, to improve its data visualization and analytics capabilities.
- In March
2019, Qlik introduced a new range of online technologies and improved
expertise. Now Qlik can offer its software via broad multi-cloud
deployments, all of which are provided under a one-stop license
- In June 2019,
Google acquired Looker, a BI software provider for data analysis. The
acquisition enabled Google to complement its Google Cloud and analytics by
integrating BI software to it.
- Key participants
include Microsoft Corporation, QlikTech International AB, IBM Corporation,
Salesforce.com inc., SAP SE, SAS Institute, Inc., TIBCO Software Inc.,
Sisense Inc., ThoughtSpot Inc., MicroStrategy Inc., and GoodData
Corporation.
Component
type (Revenue in USD Million; 2018–2030)
- Software
- Services
- Training and
Consulting Services
- System
Integration and deployment
- Technical
Support
Business
Function (Revenue in USD Million; 2018–2030)
- Sales &
Marketing
- Finance
- IT
- Operations
- Others
Deployment
type (Revenue in USD Million; 2018–2030)
- On-Premises
- Cloud
Organization
Size (Revenue in USD Million; 2018–2030)
- Large
Enterprises
- Small and
Medium-Sized Enterprises
End-User
(Revenue in USD Million; 2018–2030)
- Banking,
Financial Services, and Insurance
- Telecom and
IT
- Retail and
Consumer Goods
- Healthcare
and Life Sciences
- Manufacturing
- Others
Regional Outlook (Revenue in USD Million; 2018–2030)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Thank you for reading our report. The report can be
customized as per requirement. Please get in touch with us for further inquiry
and we will ensure you get the report best suited for your needs.
About Us:
Reports
and Data is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. Our
solutions purely focus on your purpose to locate, target and analyze consumer
behavior shifts across demographics, across industries and help client’s make a
smarter business decision. We offer market intelligence studies ensuring
relevant and fact-based research across a multiple industries including
Healthcare, Technology, Chemicals, Power and Energy. We consistently update our
research offerings to ensure our clients are aware about the latest trends
existent in the market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our
upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Read Latest
Press Release @ https://www.reportsanddata.com/press-release/global-augmented-analytics-market
Comments
Post a Comment