Elevated Demand For Business Intelligence Tools Fuels Augmented Analytics Market Growth: Powering Innovation and Expansion in the Augmented Analytics Market by 2025

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What Is the Expected CAGR for the Augmented Analytics Market Through 2025?
In the past few years, the augmented analytics market has seen an exponential rise in size. Its growth trajectory is set to further rise from $13.62 billion in 2024 to $16.51 billion in 2025, indicating a compound annual growth rate (CAGR) of 21.2%. The significant expansion during the previous period is largely due to factors such as an increased emphasis on automated insights and recommendations, the propensity towards user-centric designs and adoption, the utilization of cloud-based analytics platforms, commitment to explainable AI and transparency, along with the requirement for real-time and situational insights.

What's the Projected Size of the Global Augmented Analytics Market by 2029?
The market size of augmented analytics is anticipated to expand significantly in the forthcoming years, rising to $41.23 billion by 2029 with a compound annual growth rate (CAGR) of 25.7%. This surge during the forecast period is likely due to ongoing data complexity and volume, increasing need for easier to use analytics solutions, advancements in ai and machine learning, and the growing use of self-service analytics. Key trends expected during the forecast period are the merging of AI and analytics, the application of automated machine learning (AutoML), advancements in natural language processing (NLP), the emergence of explainable AI (XAI) and transparency, the integration of analytics into business applications, as well as the adoption of predictive and prescriptive analytics.

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Top Growth Drivers in the Augmented Analytics Industry: What's Accelerating the Market?
The augmented analytics market is predicted to expand due to the growing need for business intelligence (BI) tools. These tools have been utilized to streamline more recurrent data-centric decision-making processes. They've been employed from data scientists to frontline staff, allowing teams and departments to gain a better understanding of their data, fostering a culture of data democratization within organizations. For example, a report by Techjury, an American tech and software review company, revealed that in 2023, over 33% of large corporations utilized business intelligence for their decision-making. Following the implementation of data analytics, the decision-making process was reported to be five times faster. The BI market is anticipated to hit $33.3 billion by 2025. Furthermore, by 2020 more than 67% of businesses adopted BI, with 70% of professionals considering data discovery crucial. Consequently, the increasing demand for BI tool implementation contributes to the growth of the augmented analytics market.

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What Trends Will Shape the Augmented Analytics Market Through 2029 and Beyond?
The rise of technological progress is becoming increasingly renowned in the augmented analytics market. Key companies in the augmented analytics market are prioritizing novel products to secure a competitive advantage over their rivals. For example, Smarten Augmented Analytics, a firm based in India, revealed the implementation of sentiment analysis features and capabilities to its advanced augmented analytics solution in April 2022. This inclusion offers companies the ability to comprehend the viewpoints of customers, shareholders, and others, empowering them to improve their products and services.

What Are the Main Segments in the Augmented Analytics Market?
The augmented analytics market covered in this report is segmented -

1) By Component: Software, Services
2) By Deployment Type: On-Premises, Cloud
3) By Services: Training And Consulting, Deployment And Integration, Support And Maintenance
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)

Subsegments:
1) By Software: Data Preparation Tools, Business Intelligence (BI) Tools, Analytics And Visualization Tools, Natural Language Processing (NLP) Tools, Machine Learning Platforms
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Services

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Which Top Companies are Driving Growth in the Augmented Analytics Market?
Major companies operating in the augmented analytics market include 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

Which Regions Will Dominate the Augmented Analytics Market Through 2029?
North America was the largest region in the augmented analytics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the augmented analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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