Press release
Augmented Intelligence Market Research Report 2024-2033: Opportunities and Strategies
Augmented Intelligence Market Research
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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