Augmented Analytics Market | Growth, Trends and Forecast 2027


Posted July 28, 2021 by PreetiSadul

whipsmartmi.com the report aims at estimating the market size, future growth of the Augmented Analytics Market based on offering, application, vertical, region

 
Augmented Analytics Market is projected to grow up to USD 19.2billion by 2027 growing at a CAGR of 31.2% during the forecasting period 2021-2027.
Augmented analytics is a new data and analytics solution that uses machine learning and natural language processing (NLP) to automate data preparation, insight finding, and insight sharing across a wide range of corporate users and operational personnel in this area. The data analytics market has been revolutionized by augmented analytics, which has transformed the way material is created, consumed, and shared. It has aided in enhancing data scientists' efficiency by automating processes such as data analysis and exploration, allowing them to focus on more important insights for decision making. It streamlines the analysis process for even non-technical people by running multiple algorithms and developing a standard structure for detecting patterns. Non-technical people can then use these patterns to develop insights by feeding them into the data analysis algorithm. The technology also converts data in non-linguistic formats into human-readable formats for improved understanding by corporate leaders.

The increasing complexity of business data, the introduction of advanced business intelligence and analytical tools, the growing need for increased productivity, and the surge in demand for intelligence business tools are some of the factors that will drive the growth of the augmented analytics market during the forecast period of 2021-2027. In the anticipated term, market limitations for augmented analytics include a lack of skilled personnel, increasing difficulty in monitoring data quality, and technologies that replace humans.


The Augmented Analytics market report provides geographic analysis covering regions, such as North America, Europe, Asia Pacific, and Rest of the World. The Augmented Analytics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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Augmented Analytics Market By Component
• Software
• Services
Augmented Analytics Market By Services
• Training and Consulting
• Deployment and Integration
• Support and Maintenance
Augmented Analytics Market By Organization Size
• Large enterprises
• Small and Medium-sized Enterprises
Augmented Analytics Market By Deployment Type
• On-Premises
• Cloud
Augmented Analytics Market By Vertical
• Banking, Financial Services, and Insurance (BFSI)
• Telecom and IT
• Retail and Consumer Goods
• Healthcare and Life sciences
• Manufacturing
• Governments and Defense
• Energy and Utilities
• Transportation and Logistics
• Media and Entertainment
• Others
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Last Updated July 28, 2021