Press release
Exponential Growth in the Global Augmented Analytics Market: Key Trends, Market Players, and Projections for 2025-2029
Augmented Analytics Market
The projected leap in the augmented analytics market's size from $13.62 billion in 2024 to an astounding $41.23 billion in 2029 at a substantial CAGR of 25.7% has sparked intense interest. This surge is propelled by factors such as advancement in AI, user-centric design, and focus on transparency among others, significantly reshaping the industry outlook.
What Is The Projected Market Size Of The Global Augmented Analytics Market And Its Growth Rate?
• The augmented analytics market's size has grown exponentially, with key statistics indicating a rise from $13.62 billion in 2024 to $16.51 billion in 2025, reflecting a CAGR of 21.2%.
• The growth is propelled by the focus on automated insights and recommendations, user-centric design, cloud-based analytics platforms, focus on explainable AI and transparency, and the need for real-time contextual insights.
• The market is forecasted to expand to $41.23 billion in 2029 at a CAGR of 25.7% due to key influences like continued data complexity and volume, increasing demand for simplified analytics solutions, advancements in AI and machine learning, and self-service analytics expansion.
What Is Driving The Growth In The Augmented Analytics Market?
The augmented analytics market's growth is significantly fueled by the rising demand for the adoption of business intelligence tools. These tools promote data democratization throughout the organization and simplify more frequent data-driven decision making. For instance, Techjury reports that over 33% of large enterprises used business intelligence for decision-making in 2023. The same report projected that the BI market would reach $33.3 billion by 2025, indicating the broadening reach of BI and its impact on the augmented analytics market's growth.
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Who Are the Key Players Driving Augmented Analytics Market Growth?
• Salesforce, Inc.
• SAP SE
• The International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• Tableau Software
• MicroStrategy Incorporated
• SAS Institute Inc.
• QlikTech International AB
• TIBCO Software India Pvt. Ltd
• Sisense Ltd.
• Cloud Software Group, Inc.
• Yellowfin
• ThoughtSpot Inc.
• Domo, Inc.
• Alation, Inc.
• Tamr
• Paxata
• Attivio
• Arcadia Solutions, LLC
• Squirro AG
• GoodData Corporation
• Looker Data Sciences, Inc.
• Alteryx
• Board International S.A.
• Logi Analytics, Inc.
• Pyramid Analytics
• Birst, Inc.
• Datorama
• Panorama Software Ltd.
• DataRobot, Inc.
• RapidMiner, Inc.
• BIME Analytics
What Are The Key Trends In The Augmented Analytics Market?
• Convergence of AI and analytics
• Automated machine learning (AutoML)
• Advances in Natural Language Processing (NLP)
• The focus on Explainable AI (XAI) and transparency
• Embedded analytics in business applications
• The rising adoption of predictive and prescriptive analytics
What Are The Segments Of The Global Augmented Analytics Market?
• By Component: Software, Services
• By Deployment Type: On-Premises, Cloud
• By Services: Training And Consulting, Deployment And Integration, Support And Maintenance
• By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
Which Region Leads The Augmented Analytics Market?
North America stood as the largest region in the augmented analytics market in 2024. However, Asia-Pacific is deemed the fastest-growing region over the forecast period. The report covers a broad global perspective, including regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Augmented Analytics Market Global Market Report?
- Market Size Analysis: Analyze the Augmented Analytics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Augmented Analytics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Augmented Analytics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Augmented Analytics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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