Press release
Augmented Intelligence Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Augmented Intelligence Market Size
The augmentation intelligence market is predicted to grow as a result of the increasing popularity of e-commerce. The concept of e-commerce, which involves online buying and selling of products and services, sets a platform for the implementation of augmented intelligence. It enables companies to leverage AI to enhance customer experiences, optimize workflow, and remain competitive in the fast-paced digital market. For instance, as per the Quarterly Retail E-Commerce Sales released by the US Census Bureau in August 2024, the total retail sales for the second quarter of 2024 were estimated at $1,826.9 billion, showing a rise of 0.5 percent (±0.2) compared to the first quarter of the year. In the same quarter, e-commerce sales increased by 6.7% (±1.2) from the second quarter of 2023, with overall retail sales observing a 2.1 percent (±0.4) growth. E-commerce contributed to 16.0 percent of the total retail sales in the second quarter of 2024. Hence, the escalating demand for e-commerce is driving the growth of the augmented intelligence market.
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What is the future CAGR of the augmented intelligence market, and how will it impact industry expansion?
Over the past few years, the market size for augmented intelligence has seen rapid expansion. From $27.56 billion in 2024, it is projected to grow to $35 billion in 2025, representing a compound annual growth rate (CAGR) of 27.0%. The remarkable growth during the historic period is due to a multitude of factors such as the evolution of the data ecosystem, integration into existing systems, increased complexity in business operations, addressing cognitive load, and applications specific to various industries.
In the coming years, the augmented intelligence market is predicted to undergo significant expansion. The market value is projected to escalate to $90.19 billion by 2029, showing a compound annual growth rate (CAGR) of 26.7%. Progress in natural language processing (nlp), the increased volume of IoT data, improved user experience personalization, a stronger focus on ethical AI, and continual learning and adaptability are key driving forces behind the anticipated growth within this timeframe. Noteworthy trends that are expected to emerge within this period include deeper cross-industry collaboration, higher digital transformation initiatives, cooperative efforts between humans and AI, context-aware computing, as well as predictive analytics and forecasting.
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What trends are poised to drive the future success of the augmented intelligence market?
To secure a strong footing in the augmented intelligence market, the top companies are prioritizing the development of groundbreaking tech solutions like digital assistants. These software agents can carry out specific tasks based on voice commands or user-initiated inputs, which can provide assistance in various areas of daily life or professional work. For example, Squirro AG, a software company based in Switzerland, in December 2023, rolled out an innovative generative AI tool named SquirroGPT that reimagines the way users engage online. Powered by RAG (Retrieval-Augmented Generation), this intelligent digital assistant can offer dynamic, real-time interaction with online visitors. Its advanced AI capabilities facilitate secure and private chat interactions, thereby revolutionizing how firms connect with their web users. The roll-out of SquirroGPT marks a considerable breakthrough in the realm of digital assistants and AI-driven customer engagement.
Which key market segments comprise the augmented intelligence market and drive its revenue growth?
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 regions are at the forefront of augmented intelligence market expansion?
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.
Who are the leading players fueling growth in the augmented intelligence market?
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
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What Is Covered In The Augmented Intelligence Global Market Report?
• Market Size Forecast: Examine the augmented intelligence market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the augmented intelligence market for a structured understanding.
• Key Players Overview: Analyze major players in the augmented intelligence market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the augmented intelligence market.
• Segment Contributions: Evaluate how different segments drive overall growth in the augmented intelligence market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the augmented intelligence market.
• Industry Challenges: Identify potential risks and obstacles affecting the augmented intelligence market.
• Competitive Landscape: Review strategic developments in the augmented intelligence market, including expansions, agreements, and new product launches.
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