The market for augmented analytics is expected to reach $7.2 billion by 2022. The market will be worth $50.9 billion by 2032, growing at a CAGR of 21.6%.
According to FMI, the adoption of augmented analytics solutions across organisations for automatic data preparation, survey analysis, and the reduction of manual processes will boost market growth. With machine learning-augmented analysis processes, these solutions facilitate data cleaning, insight generation, and data collection.
Advanced analytics is quickly becoming a valuable tool in a variety of industries. With the addition of augmented analytics, businesses no longer need to hire a data scientist to interpret data. The solution democratises data, allowing all businesses, no matter how large or small, to extract meaningful insight from their data sources.
Request a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15129
Augmented analytics solution finds patterns in data with ease and speed, this is a significant help when it comes to e-commerce personalization. Customers’ data is collected in large amounts by e-commerce and internet advertising companies.
Increased personalization and product recommendations, according to e-commerce firm Barilliance, boost a buyer’s average number of cart items. Retailers may use augmented analytics to follow online behavior across many platforms, including web browsers, mobile devices, and apps, and then integrate, analyze, and act on that data to better serve customers and enhance conversion rates. Thus, advanced personalization in retail/e-commerce is helping the augmented analytics market to grow in upcoming years.
While there are software tools available to help organizations visualize and communicate the analysis completed by data scientists to decision-makers in the organization, the majority of these tools do not analyze the data. Augmented analytics can do it all for any size of organization. As a result, this will spur the adoption of augmented analytics solution over the forecast period.
Key Takeaways:
- Based on solution, demand in the services segment is expected to grow at a CAGR of 24.6% through 2032.
- In terms of enterprise size, the adoption of augmented analytics solution in small and mid-sized enterprises (SMEs) is anticipated to increase at a CAGR of 23.8% over the forecast period.
- By industry, sales of augmented analytics solution in the BFSI sector are anticipated to grow at a CAGR of 25.8% between 2022 & 2032.
- North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing markets between 2022 & 2032.
Leading Companies Profiled in Augmented Analytics Market are
- Salesforce
- SAP
- IBM
- Microsoft
- Oracle
- Softengi
- MicroStrategy
- SAS
- Qlik
- TIBCO Software
- Sisense
- Pyramid Analytics
- Yellowfin
- ThoughtSpot
- Domo
Ask Us Your Questions About This Report @
https://www.futuremarketinsights.com/ask-question/rep-gb-15129
Augmented Analytics Outlook by Category
By Solution:
- Augmented Analytics Software
- On-Premises
- Cloud
- Services
- Consulting
- Deployment and Integration
- Support and Maintenance
By Enterprise Size:
- Large Enterprises
- Small and Mid-Sized Enterprises (SMEs)
By Industry:
- BFSI
- Retail
- IT & Telecom
- Manufacturing
- Healthcare
- Government
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs