Dublin, Feb. 21, 2019 (GLOBE NEWSWIRE) -- The "Augmented Analytics Market by Software, Service (Training and Consulting, Deployment and Integration, and Support and Maintenance), Organization Size (SMES and Large Enterprises), Deployment Type, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global augmented analytics market is expected to grow from USD 4.8 billion in 2018 to USD 18.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period.
It is driven by various factors, including the growing adoption of advanced Business Intelligence (BI) and analytics tools to gather business insights. However, apprehensions about technologies replacing humans can hinder the market growth.
BI enables business users to access business data and perform queries to generate insights. It equips business users with easy-to-use data exploration, data preparation, appropriate analytics, and data visualization tools and techniques. Augmented analytics is the latest disruption seen in the world of BI. This technology uses ML and NLG to automate insights so that business users can quickly gather, collate, prepare, and analyze data to extract on-demand intelligence whenever they need it during their daily work.
Currently, augmented analytics automates tedious data preparation tasks, such as data cleaning, data labeling, and data collection, and serve as a great complement to existing data scientists or analysts. Augmented analytics holds the capability to revolutionize business operations, and has seen adoption in various verticals, as organizations look toward becoming data-driven and agile in nature.
Vendors have been adopting a combination of organic and inorganic growth strategies to expand their customer base and market share. Service enhancements to meet the dynamic market needs and partnerships have been the major strategies implemented by the key vendors in recent years.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Augmented Analytics Market
4.2 Market in North America, By Component and Country
4.3 Market Major Countries
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Volume of Complex Business Data
5.2.1.2 Growing Adoption of Advanced Business Intelligence and Analytics Tools
5.2.2 Restraints
5.2.2.1 Apprehension About Technologies Replacing Humans
5.2.3 Opportunities
5.2.3.1 Increase in Adoption of Artificial Intelligence, Machine Learning, and Natural Language Processing Technologies
5.2.3.2 High Adoption of Augmented Analytics Solutions Among SMEs
5.2.4 Challenges
5.2.4.1 Lack of Skilled Workforce
5.2.4.2 Difficulty in Managing Data Quality and Safety
5.3 Industry Trends
5.3.1 Market Evolution
5.3.2 Augmented Analytics: Use Cases
5.3.2.1 Use Case #1: to Identify Marketing Efforts for Measuring Business Growth
5.3.2.2 Use Case #2: to Improve Decision Process for Increasing Return on Investment
6 Augmented Analytics Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Innovations in Machine Learning and Artificial Intelligence to Drive the Adoption of Augmented Analytics Software for Forecasting the Business Growth
6.3 Services
6.3.1 Training and Consulting Services
6.3.1.1 Focus on Improving Technical Capabilities and Increasing the Demand for Better Strategic Outlook of Business to Drive the Growth of Training and Consulting Services
6.3.2 Deployment and Integration
6.3.2.1 Rise in Demand for Integrating Augmented Analytics Solutions With Existing Software to Drive the Growth of Deployment and Integration Services
6.3.3 Support and Maintenance
6.3.3.1 Growing Need for Seamless Performance of Software to Increase the Demand for Support and Maintenance Services
7 Augmented Analytics Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 Need for Enhancing Business Functions and Maintaining ITs Position in the Competitive World to Drive the Adoption of Augmented Analytics in Large Enterprises
7.3 Small and Medium-Sized Enterprises
7.3.1 Need for Cost-Effective Analytical Solution to Drive the Demand for Augmented Analytics Solutions in Small and Medium-Sized Enterprises
8 Augmented Analytics Market, By Deployment Type
8.1 Introduction
8.2 On-Premises
8.2.1 Need for Data Security Among Enterprises to Drive the Adoption of On-Premises Augmented Analytics Solutions
8.3 Cloud
8.3.1 Factors, Such as Cost-Effectiveness, Scalability, Accessibility of Real Time Information From Remote Location to Boost the Adoption Rate of Cloud-Based Augmented Analytics Solution
9 Augmented Analytics Market, By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Increasing Need for Generating Actionable Insights for Sensitive Data to Positively Impact the Demands for Augmented Analytics in the BFSI Vertical
9.3 Telecom and IT
9.3.1 Rapid Technological Advancement to Drive the Demand for Augmented Analytics in the Telecom and IT Vertical
9.4 Retail and Consumer Goods
9.4.1 Increasing Need for Enhanced User Experience and Better Understanding of Consumer Purchasing Power to Drive the Growth of Augmented Analytics in the Retail and Consumer Goods Vertical
9.5 Healthcare and Life Sciences
9.5.1 Need for Enhancing the Operational Efficiency to Boost Augmented Analytics in the Healthcare and Life Sciences Vertical
9.6 Manufacturing
9.6.1 Need for Resource Optimization and Achieving Maximum Productivity With Minimum Investment to Drive the Growth of Augmented Analytics in the Manufacturing Vertical
9.7 Government and Defense
9.7.1 Adoption of Digitalization to Boost the Growth Opportunities of Augmented Analytics in the Government and Defense Vertical
9.8 Energy and Utilities
9.8.1 Demand for Minimizing the Operational Cost to Drive the Adoption of Augmented Analytics in the Energy and Utilities Vertical
9.9 Transportation and Logistics
9.9.1 Need for Effectively Analyzing Data Related to Goods and Raw Materials to Boost the Adoption of Augmented Analytics in the Transportation and Logistics Vertical
9.10 Media and Entertainment
9.10.1 Increasing Need for Analyzing Customers' Media Consumption Preferences to Drive the Growth of Augmented Analytics in the Media and Entertainment Vertical
9.11 Others
10 Augmented Analytics Market, By Region
11 Competitive Landscape
11.1 Overview
11.1.1 Product/Solution Launches and Enhancements
11.1.2 Business Expansions
11.1.3 Partnerships, Agreements, and Collaborations
12 Company Profiles
12.1 Introduction
12.2 Salesforce
12.3 Sap
12.4 IBM
12.5 Microsoft
12.6 Oracle
12.7 Tableau Software
12.8 Microstrategy
12.9 SAS
12.10 Qlik
12.11 Tibco Software
12.12 Sisense
12.13 Information Builders
12.14 Yellowfin
12.15 Thoughtspot
12.16 Domo
For more information about this report visit https://www.researchandmarkets.com/research/45szps/augmented?w=12
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