Augmented Intelligence Market 2024 - By Size, Share, Growth, Analysis, Trends And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Augmented Intelligence Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $71.12 billion In 2028 At A CAGR Of 26.7% :

The augmented intelligence market size has grown exponentially in recent years. It will grow from $21.69 billion in 2023 to $27.56 billion in 2024 at a compound annual growth rate (CAGR) of 27.1%. The growth in the historic period can be attributed to evolving data ecosystem, integration with existing systems, rising complexity of business operations, addressing cognitive load, industry-specific applications.

The augmented intelligence market size is expected to see exponential growth in the next few years. It will grow to $71.12 billion in 2028 at a compound annual growth rate (CAGR) of 26.7%. The growth in the forecast period can be attributed to advancements in natural language processing (nlp), exponential growth of iot data, enhanced personalization in user experience, increased emphasis on ethical ai, continuous learning and adaptability. Major trends in the forecast period include cross-industry collaboration, increased digital transformation initiatives, human-ai collaboration, context-aware computing, predictive analytics and forecasting.

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Augmented Intelligence Market Major Segments
The augmented intelligence market covered in this report is segmented -

1) By Component: Solution, Services
2) By Technology: Machine Learning, Natural Language Processing, Computer Vision, Other Technologies
3) By Enterprise Size: Large Enterprises, Small & Medium Enterprises
4) By Industry Vertical: IT & Telecom, Retail & E-Commerce, BFSI, Healthcare, Manufacturing, Automotive, Other Verticals

Key Driver - E-Commerce Boom Fuels Accelerated Growth In The Augmented Intelligence Market

The growing demand for e-commerce is expected to propel the growth of the augmented intelligence market going forward. E-commerce refers to a option that involves buying and selling products and services online. E-commerce provides a ground for the application of augmented intelligence, allowing businesses to harness the power of AI to improve customer experiences, optimize operations, and stay competitive in the rapidly evolving digital marketplace. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, consumer eCommerce sales are expected to reach $285.60 billion by 2025, and US ecommerce sales accounts for 36.3% of the UK retail sector as of January 2021. Further, the average annual growth rate for eCommerce revenues in the UK is predicted to be 12.6% by 2025. Therefore, the growing demand for e-commerce is driving the growth of the augmented intelligence market.

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Prominent Trend - Focus On Developing Innovative Technological Solutions In The Augmented Intelligence Market

Major companies operating in the augmented intelligence market are focused on developing innovative technological solutions, such as digital assistant, to strengthen their position in the market. A digital assistant is a software agent that can perform certain tasks based on voice commands or user inputs, assisting users in various aspects of their daily lives or work. For instance, in December 2023, Squirro AG, a Switzerland-based software company, launched a cutting-edge generative AI application, SquirroGPT, to redefine online user engagement. This digital assistant is powered by RAG (Retrieval-Augmented Generation) and is designed to provide dynamic, real-time interaction with online audiences. It leverages advanced AI technology to enable secure and private chat interactions, aiming to transform how organizations engage with their online users. The introduction of SquirroGPT represents a significant advancement in the field of digital assistants and AI-powered user engagement.

Augmented Intelligence Market Players
Major companies operating in the augmented intelligence market report are Google, Microsoft Corporation, Facebook, Amazon Web Services Inc, International Business Machines Corporation, Oracle, SAP SE, NVIDIA, Salesforce Inc., Clarifai, OpenAI, TIBCO, MicroStrategy Inc., DeepMind, ThoughtSpot Inc., SS&C Blue Prism, DataRobot, AlphaSense, Builder.ai, Sisense Inc., Accubits, GoodData Corporation, Transmetrics, People.ai, Synthesia, Charles River Analytics, CognitiveScale, BenevolentAI SA, Altoida AG, Virtualitics

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Largest And Fastest Growing Region In The Market
North America was the largest region in the augmented intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the augmented intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Augmented Intelligence Market Report Structure
3. Augmented Intelligence Market Trends And Strategies
4. Augmented Intelligence Market - Macro Economic Scenario
5. Augmented Intelligence Market Size And Growth
…..
27. Augmented Intelligence Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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