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Augmented Intelligence Market

Augmented Intelligence Market Forecasts to 2028 – Global Analysis By Type (Decision Support, Smart Products), Component (Hardware, Services), Technology, End User, and By Geography

4.9 (17 reviews)
Published: June 2022 ID: SMRC21547
4.9 (17 reviews)
Published: June 2022 ID: SMRC21547

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Augmented Intelligence Market is accounted for $14.31 billion in 2021 and is expected to reach $61.32 billion by 2028 growing at a CAGR of 23.1% during the forecast period. Augmented intelligence is an alternative form of artificial intelligence that focuses on AI's assistive role.  Augmented intelligence refines human abilities of reasoning in software or robotic system that includes expectancy, recollection & sequencing, business outlook, and problem-solving.

Market Dynamics:

Driver:

Increase in use of advanced technologies


The rise in the adoption of artificial intelligence, machine learning, and natural language processing technologies for solving complex business problems and improving revenue is driving market growth. The generation of a massive amount of data and the need to analyze it in real-time has compelled organizations to adopt new technologies. These technologies have eased the whole process of gathering insights from data. Usually, data analysis was done through graphs and charts. The data analysis was not user-friendly, and there was a risk of misinterpretation and poor decision-making.

Restraint:

Data security concerns


The backbone of augmented intelligence solutions, data, is a significant feature that most businesses find difficult to manage. The inefficiency of managing exabytes and petabytes of data has increased the risk of security breaches and data losses. Organizations are gathering information through multiple touchpoints and measuring them virtually. Such data is utilized in support and communication and may include a variety of data types. With the increasing IoT-enabled systems, the security and privacy issues will also increase, and every endpoint, gateway, sensor, and smartphone will become a potential target for hackers.

Opportunity:

The rise in the use of digital technology


Digital technologies increase the speed of business growth as they let companies reach a wide audience and build lifelong relations with clients to boost brand reliability.  Moreover, technology assists organizations to achieve numerous objectives which augment the growth of the market. Furthermore, the increase in the use of digital technology among business that works with distributors & suppliers, specialized & sub-contractor’s consultants for producing a varied range of products and services provide ample opportunities for the market.

Threat:

Integration of data from data silos


Extracting value from data has become the main thing for many organizations to successfully reduce risks, target valuable customers, and evaluate business performance. Monetizing these data assets needs the accessibility of enough amount of data. Though, data consolidation from distinct data sources into meaningful information can bring new challenges for organizations, particularly centralized business enterprises. Many augmented intelligence providers offer unified data aggregation and data analytics platforms that assist users in successfully aggregating and analyzing data from disparate data sources. As the need for data exchange increases, it needs to be balanced with risk mitigation capabilities.

The machine learning segment is expected to be the largest during the forecast period

The machine learning segment is estimated to have a lucrative growth as machine learning helps in the transformation of knowledge into expertise and the extraction of significant patterns from huge amounts of data. Augmented intelligence along with machine learning systems can detect patterns utilizing aggregated data with precise unit characteristics of each instance and numerous variables to be employed, allowing predictive models to be built.

The large enterprises segment is expected to have the highest CAGR during the forecast period

The large enterprises segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the high adoption of augmented intelligence and services among large enterprises as these enterprises use augmented intelligence solutions for specific use cases. They are faced with the troublesome task of effectively managing security because of the diverse nature of IT infrastructure, which is complex in nature.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the increasing technological advancements, penetration of new industries and improvement in the economy, presence of a growing number of cloud augmented intelligence solution vendors, and the growing number of augmented intelligence players across regions.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period as the region it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players and wide presence of small-and medium-scale enterprises, which are turning toward hosted augmented intelligence solutions to efficiently manage their business processes, particularly in developing countries such as China, India, and Singapore.

Key players in the market

Some of the key players profiled in the Augmented Intelligence Market include TIBCO, Stradigi AI, Lucidworks, Sisense, Dataiku, Cosmo Tech, Salesforce, QlikTech International AB, NEORIS, MicroStrategy, SAP, Jumio, IBM, Google, Squirro AG, Microsoft, CognitiveScale, AWS, SAS and Schlumberger.   

Key Developments:

In March 2022, Schlumberger expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of their unique business challenges, spanning exploration to production and new energy systems.

In April 2020, IBM released novel AI-powered technologies. IBM released novel AI-powered technologies to help the Health and Research Community accelerate the discovery of medical insights and treatments for COVID-19.

In June 2019, Salesforce acquired data visualization company Tableau Software. Along with Google Cloud's acquisition of Looker and Logi Analytics' purchase of Zoomdata, it's looking like the consolidation trend in big data and business analytics is back.
 
Types Covered:
• Decision Automation
• Decision Support
• Smart Products
 
Components Covered:
• Hardware
• Services
• Software
• Solution
 
Deployment Modes Covered:
• On-Premises
• Cloud
 
Organization Sizes Covered:
• Large Enterprises  
• Small and Medium-Sized Enterprises  
 
Technologies Covered:
• Natural Language Processing 
• Machine Learning 
• Computer Vision 
• Other Technologies  
 
Applications Covered:
• Residential
• Industrial
• Commercial
 
End Users Covered:
• Transportation & Logistics 
• Retail & Consumer Goods 
• Media & Entertainment 
• Automotive  
• IT & Telecom 
• Human Resources 
• Healthcare & Life Sciences 
• Government & Defense 
• Fintech 
• Energy & Utilities 
• Banking, Financial Services and Insurance (BFSI)  
• Manufacturing 
• Agriculture 
• Other End Users  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

1 Executive Summary            
              
2 Preface        
     
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope            
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Technology Analysis          
 3.7 Application Analysis          
 3.8 End User Analysis           
 3.9 Emerging Markets           
 3.10 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Augmented Intelligence Market, By Type         
 5.1 Introduction           
 5.2 Decision Automation          
 5.3 Decision Support           
 5.4 Smart Products           
              
6 Global Augmented Intelligence Market, By Component        
 6.1 Introduction           
 6.2 Hardware           
  6.2.1 Processors          
  6.2.2 Network           
  6.2.3 Memory           
 6.3 Services            
  6.3.1 Support & Maintenance         
  6.3.2 Deployment & Integration         
 6.4 Software            
 6.5 Solution             
              
7 Global Augmented Intelligence Market, By Deployment Mode       
 7.1 Introduction           
 7.2 On-Premises           
 7.3 Cloud            
              
8 Global Augmented Intelligence Market, By Organization Size        
 8.1 Introduction           
 8.2 Large Enterprises           
 8.3 Small and Medium-Sized Enterprises         
              
9 Global Augmented Intelligence Market, By Technology        
 9.1 Introduction           
 9.2 Natural Language Processing          
 9.3 Machine Learning           
 9.4 Computer Vision           
 9.5 Other Technologies           
  9.5.1 Spatial Navigation          
  9.5.2 Predictive Analytics          
  9.5.3 Logical Reasoning           
  9.5.4 Context-Aware Computing         
  9.5.5 Pattern Recognition          
              
10 Global Augmented Intelligence Market, By Application      
  
 10.1 Introduction           
 10.2 Residential           
 10.3 Industrial            
 10.4 Commercial           
              
11 Global Augmented Intelligence Market, By End User        
 11.1 Introduction           
 11.2 Transportation & Logistics          
 11.3 Retail & Consumer Goods          
 11.4 Media & Entertainment          
 11.5 Automotive            
 11.6 IT & Telecom           
 11.7 Human Resources           
 11.8 Healthcare & Life Sciences          
 11.9 Government & Defense          
 11.10 Fintech            
 11.11 Energy & Utilities           
 11.12 Banking, Financial Services and Insurance (BFSI)         
 11.13 Manufacturing           
 11.14 Agriculture           
 11.15 Other End Users            
  11.15.1 Travel           
  11.15.2 Research and Academia         
  11.15.3 Hospitality          
  11.15.4 Factory Automation          
  11.15.5 Business Analysis          
  11.15.6 Autopilot           
              
12 Global Augmented Intelligence Market, By Geography        
 12.1 Introduction           
 12.2 North America           
  12.2.1 US           
  12.2.2 Canada           
  12.2.3 Mexico           
 12.3 Europe            
  12.3.1 Germany           
  12.3.2 UK           
  12.3.3 Italy           
  12.3.4 France           
  12.3.5 Spain           
  12.3.6 Rest of Europe          
 12.4 Asia Pacific           
  12.4.1 Japan           
  12.4.2 China           
  12.4.3 India           
  12.4.4 Australia           
  12.4.5 New Zealand          
  12.4.6 South Korea          
  12.4.7 Rest of Asia Pacific           
 12.5 South America           
  12.5.1 Argentina          
  12.5.2 Brazil           
  12.5.3 Chile           
  12.5.4 Rest of South America         
 12.6 Middle East & Africa          
  12.6.1 Saudi Arabia          
  12.6.2 UAE            
  12.6.3 Qatar           
  12.6.4 South Africa          
  12.6.5 Rest of Middle East & Africa         
              
13 Key Developments            
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 13.2 Acquisitions & Mergers          
 13.3 New Product Launch          
 13.4 Expansions           
 13.5 Other Key Strategies          
              
14 Company Profiling            
 14.1 TIBCO             
 14.2 Stradigi AI            
 14.3 Lucidworks             
 14.4 Sisense             
 14.5 Dataiku             
 14.6 Cosmo Tech           
 14.7 Salesforce            
 14.8 QlikTech International AB          
 14.9 NEORIS             
 14.10 MicroStrategy            
 14.11 SAP             
 14.12 Jumio             
 14.13 IBM             
 14.14 Google             
 14.15 Squirro AG           
 14.16 Microsoft            
 14.17 CognitiveScale           
 14.18 AWS            
 14.19 SAS             
 14.20 Schlumberger           


List of Tables             
1 Global Augmented Intelligence Market Outlook, By Region (2020-2028) ($MN)      
2 Global Augmented Intelligence Market Outlook, By Type (2020-2028) ($MN)      
3 Global Augmented Intelligence Market Outlook, By Decision Automation (2020-2028) ($MN)     
4 Global Augmented Intelligence Market Outlook, By Decision Support (2020-2028) ($MN)     
5 Global Augmented Intelligence Market Outlook, By Smart Products (2020-2028) ($MN)     
6 Global Augmented Intelligence Market Outlook, By Component (2020-2028) ($MN)      
7 Global Augmented Intelligence Market Outlook, By Hardware (2020-2028) ($MN)      
8 Global Augmented Intelligence Market Outlook, By Processors (2020-2028) ($MN)      
9 Global Augmented Intelligence Market Outlook, By Network (2020-2028) ($MN)      
10 Global Augmented Intelligence Market Outlook, By Memory (2020-2028) ($MN)      
11 Global Augmented Intelligence Market Outlook, By Services (2020-2028) ($MN)      
12 Global Augmented Intelligence Market Outlook, By Support & Maintenance (2020-2028) ($MN)    
13 Global Augmented Intelligence Market Outlook, By Deployment & Integration (2020-2028) ($MN)    
14 Global Augmented Intelligence Market Outlook, By Software (2020-2028) ($MN)      
15 Global Augmented Intelligence Market Outlook, By Solution (2020-2028) ($MN)      
16 Global Augmented Intelligence Market Outlook, By Deployment Mode (2020-2028) ($MN)     
17 Global Augmented Intelligence Market Outlook, By On-Premises (2020-2028) ($MN)     
18 Global Augmented Intelligence Market Outlook, By Cloud (2020-2028) ($MN)      
19 Global Augmented Intelligence Market Outlook, By Organization Size (2020-2028) ($MN)     
20 Global Augmented Intelligence Market Outlook, By Large Enterprises (2020-2028) ($MN)     
21 Global Augmented Intelligence Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)   
22 Global Augmented Intelligence Market Outlook, By Technology (2020-2028) ($MN)      
23 Global Augmented Intelligence Market Outlook, By Natural Language Processing (2020-2028) ($MN)    
24 Global Augmented Intelligence Market Outlook, By Machine Learning (2020-2028) ($MN)     
25 Global Augmented Intelligence Market Outlook, By Computer Vision (2020-2028) ($MN)     
26 Global Augmented Intelligence Market Outlook, By Other Technologies (2020-2028) ($MN)     
27 Global Augmented Intelligence Market Outlook, By Spatial Navigation (2020-2028) ($MN)     
28 Global Augmented Intelligence Market Outlook, By Predictive Analytics (2020-2028) ($MN)     
29 Global Augmented Intelligence Market Outlook, By Logical Reasoning (2020-2028) ($MN)     
30 Global Augmented Intelligence Market Outlook, By Context-Aware Computing (2020-2028) ($MN)    
31 Global Augmented Intelligence Market Outlook, By Pattern Recognition (2020-2028) ($MN)     
32 Global Augmented Intelligence Market Outlook, By Application (2020-2028) ($MN)      
33 Global Augmented Intelligence Market Outlook, By Residential (2020-2028) ($MN)      
34 Global Augmented Intelligence Market Outlook, By Industrial (2020-2028) ($MN)      
35 Global Augmented Intelligence Market Outlook, By Commercial (2020-2028) ($MN)     
36 Global Augmented Intelligence Market Outlook, By End User (2020-2028) ($MN)      
37 Global Augmented Intelligence Market Outlook, By Transportation & Logistics (2020-2028) ($MN)    
38 Global Augmented Intelligence Market Outlook, By Retail & Consumer Goods (2020-2028) ($MN)    
39 Global Augmented Intelligence Market Outlook, By Media & Entertainment (2020-2028) ($MN)    
40 Global Augmented Intelligence Market Outlook, By Automotive (2020-2028) ($MN)     
41 Global Augmented Intelligence Market Outlook, By IT & Telecom (2020-2028) ($MN)     
42 Global Augmented Intelligence Market Outlook, By Human Resources (2020-2028) ($MN)     
43 Global Augmented Intelligence Market Outlook, By Healthcare & Life Sciences (2020-2028) ($MN)    
44 Global Augmented Intelligence Market Outlook, By Government & Defense (2020-2028) ($MN)    
45 Global Augmented Intelligence Market Outlook, By Fintech (2020-2028) ($MN)      
46 Global Augmented Intelligence Market Outlook, By Energy & Utilities (2020-2028) ($MN)     
47 Global Augmented Intelligence Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)  
48 Global Augmented Intelligence Market Outlook, By Manufacturing (2020-2028) ($MN)     
49 Global Augmented Intelligence Market Outlook, By Agriculture (2020-2028) ($MN)      
50 Global Augmented Intelligence Market Outlook, By Other End Users (2020-2028) ($MN)     
51 Global Augmented Intelligence Market Outlook, By Travel (2020-2028) ($MN)      
52 Global Augmented Intelligence Market Outlook, By Research and Academia (2020-2028) ($MN)    
53 Global Augmented Intelligence Market Outlook, By Hospitality (2020-2028) ($MN)      
54 Global Augmented Intelligence Market Outlook, By Factory Automation (2020-2028) ($MN)     
55 Global Augmented Intelligence Market Outlook, By Business Analysis (2020-2028) ($MN)     
56 Global Augmented Intelligence Market Outlook, By Autopilot (2020-2028) ($MN)      
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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