Augmented Analytics Market 2022 Growth and Outlook- Microsoft Corporation, IBM Corporation, Salesforce.com inc, SAP SE, SAS Institute
The augmented analytics market is expected to register a CAGR of 31.2% during the forecast period (2022 - 2027).
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The Global Augmented Analytics Market is highly competitive and consists of a number of Major Key Players are: Microsoft Corporation, QlikTech International AB, IBM Corporation, Salesforce.com inc., SAP SE, SAS Institute, Inc., TIBCO Software Inc., Sisense Inc., ThoughtSpot Inc., MicroStrategy Inc., GoodData Corporation others.
- June 2019 - Salesforce announced its plans to acquire the business intelligence (BI) vendor, Tableau, in an all-stock deal, valued at USD 15.7 billion, a near 50% premium of Tableau's price of the stock at the time of announcement. the acquisition seems to be in response to counter the after-effects of Google's USD 2.6 billion Looker acquisition and Microsoft's success in the space and mitigate the effects of slowing organic growth.
- May 2019 - Qlik unveiled a new set of multi-cloud and augmented intelligence capabilities. It's noteworthy because it makes Qlik one of the only providers in the marketplace able to offer its software via broad multi-cloud deployments, and all of them are available under single subscription licensing.
Key Market Trends:
Retail Sector is Expected to Have a Significant Growth During the Forecast Period
Augmented analytics provides vital insights in the retail e-commerce processes thereby analyzing the overall data present over the retail business, via all the in-store surveillance cameras, captured social media information, along with the customer insights, as well as correlating it with the historical data and churn out insights at a very high speed. This is possible through the integration of AI that brings the power of scale, speed, and efficiency to the business data.
- The adoption of Big Data across the retail sector has led to an increase in the adoption rates of Augmented Analytics. According to SAS Institute, estimated adoption rates of Big Data in the United Kingdom in 2020 is forecasted at around 59%. This showcases the huge potential for augmented analytics and thus, can provide a great advantage in th online retail segment.
North America is Expected to Have the Largest Market Growth
- The massive adoption rates of artificial intelligence and machine learning technologies in North America across the past few years have fueled the market acceptance that AI might become capable enough to challenge or replace human intelligence altogether.
- Data consumers were burdened with several repetitive, time-consuming tasks that required very little intelligence. With the introduction of AI, these tasks are being automated and can be conducted real-time, thereby increasing human productivity multifold. With the ever-increasing competition amongst the manufacturers in the United States region, productivity maximization can help them to achieve increased profits, thereby expanding their overall revenue.
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The key insights of the Augmented Analytics Market report:
The report provides key statistics on the market status of the Augmented Analytics Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Augmented Analytics Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Augmented Analytics Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Augmented Analytics Market Industry before evaluating its feasibility.
Finally, Augmented Analytics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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