E-Commerce Boom Fuels Accelerated Growth In The Augmented Intelligence Market: Critical Driver Shaping the Global Augmented Intelligence Market in 2025

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What Will the Augmented Intelligence Industry Market Size Be by 2025?
In recent times, there has been a substantial expansion in the size of the augmented intelligence market. It is projected to escalate from $27.56 billion in 2024 to $34.82 billion in 2025, representing a compound annual growth rate (CAGR) of 26.3%. The historic growth has been driven by factors such as the development of the data ecosystem, integration with current systems, increasing complexity of business operations, managing cognitive load and applications specific to various industries.

What's the Long-Term Growth Forecast for the Augmented Intelligence Market Size Through 2029?
The market size for augmented intelligence is anticipated to witness tremendous growth in the forthcoming years, reaching $89.13 billion in 2029 with a CAGR of 26.5%. Developments in natural language processing (NLP), substantial growth of IoT data, bettered user experience personalization, a heightened focus on ethical AI, and continual learning and adaptability help drive growth during the forecast period. Key trends expected in this time frame encompass cross-industry collaboration, escalated digital transformation efforts, collaboration between humans and AI, context-sensitive computing, plus predictive analytics and forecasting.

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What Are the Key Growth Drivers Fueling the Augmented Intelligence Market Expansion?
The escalating need for online trade is predicted to thrust the expansion of the augmented intelligence market in the future. Online trade, or e-commerce, is a choice which incorporates the purchase and sale of goods and services over the internet. E-commerce sets a platform for the application of augmented intelligence, enabling companies to utilize AI to enhance customer interactions, streamline procedures, and remain competitive in the swiftly changing digital market. For example, the Quarterly Retail E-Commerce Sales reported by the United States Census Bureau, a governmental agency in the US, in August 2024, approximated the total retail sales for the second quarter of 2024 to be $1,826.9 billion, demonstrating an increase of 0.5 percent (±0.2) compared to the first quarter of 2024. Simultaneously, e-commerce sales surged by 6.7 percent (±1.2) from the second quarter of 2023, while the general retail sales witnessed a rise of 2.1 percent (±0.4). E-commerce represented 16.0 percent of the total retail sales in the second quarter of 2024. Accordingly, the escalating need for e-commerce is fuelling the expansion of the augmented intelligence market.

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What Are the Key Trends Driving Augmented Intelligence Market Growth?
Leading corporations in the augmented intelligence market are concentrating on introducing new technological advancements such as digital assistants to establish their market dominance. A digital assistant is a software-based tool that can carry out tasks according to voice instructions or user prompts, helping individuals in several aspects of their daily routine or profession. For example, in December 2023, Squirro AG, a software firm based in Switzerland, unveiled SquirroGPT, a revolutionary generative AI program aimed at transforming online user interaction. This digital assistant, powered by RAG (Retrieval-Augmented Generation), is built to offer dynamic, real-time engagement with digital users. It employs state-of-the-art AI to facilitate secure and private conversations, thereby revolutionizing the way businesses connect with their online clients. The rollout of SquirroGPT is a landmark progression in the arena of digital assistants and AI-led user interaction.

How Is the Augmented Intelligence Market Segmented?
The augmented intelligencemarket 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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Which Companies Are Leading the Charge in Augmented Intelligence Market Innovation?
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 Regions Are Leading the Global Augmented Intelligence Market in Revenue?
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.

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