Global Augmented Intelligence Market, By Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), End User (IT and Telecom, BFSI, Healthcare, Manufacturing, Automotive, Agriculture, Others) – Industry Trends and Forecast to 2031.
Augmented Intelligence Market Analysis and Size
In finance, augmented intelligence market finds extensive application across various domains. AI-driven algorithms analyze vast amounts of financial data to detect patterns, trends, and anomalies, facilitating more informed investment decisions and risk management strategies. Augmented intelligence enhances algorithmic trading by enabling automated execution based on real-time market conditions and predictive analytics. Moreover, in wealth management, AI-powered tools offer personalized investment advice and portfolio management tailored to individual client goals and risk preferences.
Global augmented intelligence market size was valued at USD 22.73 billion in 2023 and is projected to reach USD 244.88 billion by 2031, with a CAGR of 34.60% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), End User (IT and Telecom, BFSI, Healthcare, Manufacturing, Automotive, Agriculture, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa Brazil, Argentina, and Rest of South America.
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Market Players Covered
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Intel Corporation (U.S.), NVIDIA Corporation (U.S.), SAMSUNG (South Korea), Micron Technology, Inc. (U.S.), IBM (U.S.), Microsoft (U.S.), Google (U.S.), Amazon Web Services, Inc. (U.S.), Oracle (U.S.), SalesForce (U.S.), SAS Institute Inc. (U.S.), SAP SE (Germany), GENERAL ELECTRIC (U.S.), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Siemens (Germany), Sisense Ltd. (U.S.)
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Market Opportunities
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Market Definition
Augmented intelligence refers to the integration of artificial intelligence (AI) technologies with human intelligence to enhance decision-making processes. It aims to amplify human capabilities by providing AI-driven insights, analysis, and recommendations, ultimately enabling more informed and efficient decision-making across various domains and industries.
Augmented Intelligence Market Dynamics
Drivers
- Growing Advancements leads to the High Demand for AI Technology
Breakthroughs in machine learning algorithms, natural language processing, and computer vision enable augmented intelligence systems to analyze and interpret vast amounts of data with unprecedented accuracy and speed. These advancements enhance the capabilities of augmented intelligence solutions, allowing for more sophisticated insights, predictions, and recommendations. Moreover, ongoing research and development efforts in AI technology lead to the creation of new tools and techniques that further empower augmented intelligence applications across various industries, fueling market growth and innovation.
- Rising Demand for Personalized Experiences Expands the Demand of AI Technology
Consumers increasingly expect tailored products, services, and recommendations that cater to their unique preferences and behaviors. Augmented intelligence leverages advanced analytics and machine learning algorithms to analyze vast amounts of data, enabling businesses to understand individual customer needs and deliver personalized experiences at scale. Whether in retail, healthcare, finance, or entertainment, organizations recognize the value of personalized offerings in enhancing customer satisfaction, loyalty, and engagement. Consequently, there is a growing investment in augmented intelligence solutions to meet this demand, driving innovation and growth in the market.
Opportunities
- Expanding Augmented Intelligence Enhances Regulatory Compliance
Augmented intelligence solutions offer advanced analytics and automation capabilities that help organizations ensure adherence to complex regulatory requirements. These solutions aid in data governance, risk assessment, and fraud detection, enabling businesses to mitigate compliance risks effectively. As regulations evolve and become more stringent, there is a growing need for sophisticated tools that can adapt and scale to meet changing compliance standards. Augmented intelligence enhances regulatory compliance processes and improves operational efficiency, driving its adoption across regulated industries.
- Adoption of Cloud-Based Applications Increases the Demand of Augmented Intelligence
Cloud computing provides scalable and cost-effective infrastructure for deploying AI and machine learning models, enabling organizations to access powerful computing resources without substantial upfront investments. This accessibility encourages businesses of all sizes to integrate augmented intelligence solutions into their operations, driving market growth. Moreover, cloud platforms offer tools and services that facilitate the development, deployment, and management of AI applications, accelerating innovation and time-to-market for augmented intelligence solutions. The flexibility and scalability of cloud-based environments further fuel the adoption of augmented intelligence, supporting dynamic business needs and expanding use cases across industries.
Restraints/Challenges
- Shortage of a Skilled Workforce Limits the Adoption of AI Technology
Developing and deploying these solutions require expertise in both AI technologies and domain-specific knowledge. However, there's a scarcity of professionals with the necessary skills, hindering the widespread adoption of augmented intelligence. Companies struggle to find talent capable of effectively implementing and managing these complex systems, slowing down the growth of the market.
- Growing Data Privacy Concerns Hampers the Growth of Augmented Intelligence
As AI systems rely on vast amounts of data, issues surrounding privacy violations, unauthorized access, and data breaches undermine trust in these technologies. Regulatory frameworks such as GDPR impose strict guidelines on data handling and consent, increasing compliance burdens and limiting the availability of data for AI applications.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In January, 2023, Keyrus, known for its expertise in augmented intelligence market analytics on Amazon Web Services (AWS), forged a collaboration with Pyramid Analytics. This collaboration aims to enhance client capabilities in leveraging AWS cloud infrastructure for advanced analytics, ensuring efficient and insightful data-driven decision-making
- In April 2021, Oracle announced its renowned GoldenGate innovation as a fully automated, managed service cloud offering. This development empowers clients with seamless access to Oracle's cutting-edge cloud services, facilitating real-time data replication, integration, and analysis. With its integration into Oracle's suite of cloud solutions, GoldenGate enhances data accessibility and usability for organizations worldwide
Augmented Intelligence Market Scope
The market is segmented on the basis of offering, technology, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Offering
- Hardware
- Processors
- Memory
- Network
- Software
- AI Platforms
- AI Solutions
- Services
- Deployment and Integration
- Support
- Maintenance
Technology
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
- Others
Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
End User
- IT and Telecom
- BFSI
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Others
Augmented Intelligence Market Region Analysis/Insights
The market is analyzed and market size, volume information is provided by country, offering, technology, organization size and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America dominates in the market due to its rich ecosystem of diverse enterprises, ranging from startups to established corporations. This region boasts a robust infrastructure for innovation and research, fostering the development and adoption of augmented intelligence technologies. Additionally, North America benefits from a concentration of leading tech hubs and investment opportunities, further propelling its leadership in this dynamic sector. The collaborative environment among academia, industry, and government institutions also contributes to the region's competitive edge in advancing augmented intelligence solutions.
Asia-Pacific is expected for significant growth, largely fueled by robust advancements in IT infrastructure and the flourishing manufacturing sector. With nations such as China, India, and South Korea leading the charge, there's a substantial investment in technology, bolstering digital connectivity and innovation. Moreover, the manufacturing process of countries in this region, coupled with favorable government policies and increasing consumer demand, is driving economic expansion and attracting global investments. This convergence of factors positions Asia-Pacific as a key engine for growth in the coming years.
The country section of the market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Augmented Intelligence Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- Intel Corporation (U.S.)
- NVIDIA Corporation (U.S.)
- SAMSUNG (South Korea)
- Micron Technology, Inc. (U.S.)
- IBM (U.S.)
- Microsoft (U.S.)
- Google (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Oracle (U.S.)
- SalesForce (U.S.)
- SAS Institute Inc. (U.S.)
- SAP SE (Germany)
- GENERAL ELECTRIC (U.S.)
- Cisco Systems, Inc. (U.S.)
- Rockwell Automation, Inc. (U.S.)
- Siemens (Germany)
- Sisense Ltd. (U.S.)
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