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E-Commerce Boom Fuels Accelerated Growth In The Augmented Intelligence Market: Major Factor in the Transformation of the Augmented Intelligence Market in 2025
E-Commerce Boom Fuels Accelerated Growth In The Augmented Intelligence Market: Major Factor in the Transformation of the Augmented
The augmented intelligence market has grown exponentially in recent years. It is projected to rise from $27.56 billion in 2024 to $35 billion in 2025, with a CAGR of 27.0%. The historical growth can be attributed to the evolving data ecosystem, seamless integration with existing systems, the increasing complexity of business operations, the need to manage cognitive load, and the expansion of industry-specific applications.
The augmented intelligence market is set to grow to $90.19 billion by 2029, at a CAGR of 26.7%. This growth is fueled by advancements in NLP, IoT data, and human-AI collaboration. Trends include cross-industry collaboration, digital transformation, and context-aware computing.
What Key Elements Are Boosting Growth in the Augmented Intelligence Market?
The growing demand for e-commerce is expected to propel the growth of the augmented intelligence market. E-commerce relies heavily on artificial intelligence (AI) to enhance customer experience, optimize business operations, and maintain competitiveness. According to the U.S. Census Bureau, total retail e-commerce sales were projected to reach $1,826.9 billion in the second quarter of 2024, with e-commerce sales growing by 6.7% year-over-year. This growth in e-commerce is fueling the rise of augmented intelligence applications in business operations.
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Who Are the Major Industry Players Fueling Augmented Intelligence Market Expansion?
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 SA, Altoida AG, Virtualitics
Which Key Developments Are Influencing the Augmented Intelligence Market?
In the augmented intelligence market, companies are working on advanced solutions like digital assistants to enhance their market position. A digital assistant is a software agent that performs tasks based on voice commands or user input. For example, in December 2023, Squirro AG, a Switzerland-based software company, introduced SquirroGPT, a generative AI application designed to engage online audiences in real-time. It uses AI to provide secure and private interactions, transforming how organizations engage with users.
How Is the Segmentation of the Augmented Intelligence Market Defined?
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 And Medium Enterprises
4) By Industry Vertical: IT And Telecom, Retail And E-Commerce, BFSI, Healthcare, Manufacturing, Automotive, Other Verticals
Subsegments:
1) By Solution: Data Analytics Solutions, Cognitive Computing Solutions, Natural Language Processing (NLP) Solutions, Machine Learning Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
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What Is the Leading Region in the Augmented Intelligence Market?
North America was the largest region in the augmented intelligence market in 2024. 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.
What Is Covered In The Augmented Intelligence Global Market Report?
- Market Size Analysis: Analyze the Augmented Intelligence Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Augmented Intelligence 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 Intelligence Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Augmented Intelligence Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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