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Global Augmented Intelligence Market Size, Share, Forecast: By Component: Solution, Services; By Deployment Model: On-Premises, Cloud; By Technology: Machine Learning, Natural Language Processing, Computer Vision, Others; By Enterprise Size; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Augmented Intelligence Market Outlook
The global augmented intelligence market size reached USD 21.73 billion in 2023. The market is expected to grow at a CAGR of 25.4% between 2024 and 2032, reaching almost USD 166.54 billion by 2032.
Key Takeaways:
- The International Trade Administration reported that in 2021, global funding for artificial intelligence doubled to USD 66.8 billion thus enhancing the global augmented intelligence market growth.
- India launched 5G on October 1, 2022. Within 8 months, 200,000 sites covered 700 districts across 28 states, and 8 UTs, making a rapid global 5G deployment.
- Augmented intelligence enhances human abilities with tech, not replacing them, using ML and DL for data processing. Benefits include improved decisions, creativity, productivity, and ethical considerations across sectors.
Augmented intelligence seeks to enhance human abilities by harnessing technology, not replacing them entirely. It employs machine learning and deep learning to process large datasets, enabling humans to make informed choices and act accordingly.
This approach offers advantages such as improved decision-making, heightened creativity, increased productivity, personalised interactions, superior customer service, risk mitigation, efficient healthcare delivery, tailored educational experiences, optimized resource management, and the consideration of ethical implications for equitable decision-making across diverse sectors.
The artificial intelligence sector is experiencing significant growth, as reported by the International Trade Administration. In 2021, global artificial intelligence funding doubled to USD 66.8 billion, with 65 AI companies surpassing USD 1 billion valuations, up 442% from 2020, thus, boosting the global augmented intelligence market.
Key Trends and Developments
The global augmented intelligence market is driving improvements in enhanced decision-making, increased creativity, personalized experiences, and effective risk management.
December 2023
The American Medical Association (AMA) introduced new guidelines for augmented intelligence (AI) advancement and deployment in healthcare, emphasising consistent governance and ethical, equitable, and transparent implementation.
September 2023
Estée Lauder introduces the Voice-enabled Makeup Assistant, employing AI and AR to aid visually impaired individuals in cosmetics applications.
May 2023
Stormboard introduced StormAI, the industry's inaugural Augmented Intelligence co-collaborator, enhancing idea generation, strategy development, and collaboration alongside humans.
April 2023
University of Florida Health researchers sought to enhance radiologists' precision and efficiency through AI tools in an academic-industry partnership, refining solutions for improved quality and safety.
Enhanced decision-making
The expansion of the global augmented intelligence market offers in-depth insights from extensive datasets, aiding in making well-informed and accurate decisions. This results in improved strategic planning and optimized outcomes, ultimately enhancing overall business performance.
Boosted creativity
AI encourages creativity by presenting fresh perspectives and innovative concepts. AI catalyses creative problem-solving and product development, fostering a culture of innovation within organizations and enabling the exploration of unconventional solutions.
Personalized experiences
The global augmented intelligence market developments are attributed to the growing focus on augmented intelligence facilitating personalized customer interactions, and customizing products and services. This leads to heightened customer satisfaction, and increased loyalty, and ultimately, supports business growth within the expanding
Risk mitigation
Augmented intelligence scrutinizes vast datasets to identify real-time risks and anomalies. By offering early alerts and predictive insights, it aids organizations in proactively managing risks, addressing challenges, and maintaining seamless business operations.
Global Augmented Intelligence Market Trends
According to the global augmented intelligence market report, automation of everyday tasks and processes by augmented intelligence liberates human resources, enabling them to concentrate on more valuable activities. This leads to heightened efficiency, decreased operational expenses, and accelerated project completion.
Augmented intelligence streamlines the allocation of resources like time, finances, and manpower within organizations. It pinpoints inefficiencies, rationalizes workflows, and suggests effective resource utilization, resulting in cost savings and enhanced operational efficiency.
Market Segmentation
Global Augmented Intelligence Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Solution
- Services
Market Breakup by Deployment Model
- On-Premises
- Cloud
Market Breakup by Technology
- Machine Learning
- Natural Language Processing
- Computer Vision
- Others
Market Breakup by Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
Market Breakup by End Use
- IT and Telecom
- Retail and E-Commerce
- BFSI
- Healthcare
- Manufacturing
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Solutions component drive the global augmented intelligence market growth by offering organizations enhanced insights and analytics from extensive datasets, improving data-driven decision-making processes
Augmented intelligence solutions streamline operations by automating tasks, saving time, and enhancing productivity. They facilitate personalized customer experiences, mitigate risks through real-time data analysis, and optimize resource allocation for cost savings.
Augmented intelligence services gain competitive edges by quickly adapting to market changes, meeting customer demands, and aligning with industry trends. Moreover, AI assists in compliance, predictive maintenance, and scalable solutions.
Cloud deployment drives the global augmented intelligence market, enabling easy resource scaling according to demand. Organizations can swiftly modify computing and storage capacity
Cloud-based augmented intelligence provides scalability, cost-effectiveness, accessibility, rapid deployment, and advanced features. Organizations can adjust resources easily, save costs, access from anywhere, deploy swiftly, and use advanced AI services.
On-premises augmented intelligence ensures data security, customization, compliance control, low latency, and seamless integration with legacy systems. Organizations can maintain data privacy, receive tailored solutions, comply with regulations, process data in real time, and integrate workflows efficiently.
Based on end use, the global augmented intelligence market growth is led by IT and telecom as AI algorithms enhance network performance by optimizing data routing, thereby reducing latency for improved user experiences
In the Information Technology (IT) realm, AI enhances efficiency, boosts security, foresees maintenance needs, provides customer service, and empowers advanced data analysis for informed decisions. Telecommunications (Telecom) benefits from AI in network optimization, maintenance prediction, personalized customer interactions, fraud detection, and operational streamlining.
Banking, Financial Services, and Insurance (BFSI) sectors leverage AI for risk assessment, real-time fraud detection, tailored customer services, algorithmic trading, and efficient claims processing.
Competitive Landscape
Market players are enhancing the market by providing customized solutions for sales, marketing, and service operations across diverse industries.
Squirro AG, founded in 2012 in Zurich, Switzerland, provides distinguished augmented intelligence solutions for analyzing and interpreting unstructured data. The company offers tailored solutions for sales, marketing, and service functions in various industries.
Amazon Web Services, Inc., established in 2002 as a subsidiary of Amazon, is based in Washington, USA, focusing on APIs and cloud computing. It provides a range of services including networking, computing, analytics, management, deployment, and storage.
Microsoft Corporation, based in Washington, USA, founded in 1975, is a global IT leader renowned for Windows operating systems. It develops applications, software systems, and hardware like video game consoles and touch-enabled PCs.
Oracle Corporation, founded in 1977 and headquartered in the USA, specializes in developing and marketing database software, cloud-engineered systems, and enterprise software, notably its database management systems.
Other key players in the global augmented intelligence market are QlikTech International AB, SAP SE, Sisense Ltd, Salesforce, Inc., Infor, and SAS Institute Inc. among others.
Global Augmented Intelligence Market Analysis by Region
Based on geography, the global augmented intelligence market share is led by North America that is driven by the rapid adoption of augmented reality (AR) and virtual reality (VR) in healthcare, alongside business goals like autonomous analytics and cloud technologies.
Asia Pacific is expected to contribute significantly to market growth, with companies focusing on established technologies such as 5G or 6G alongside developing ones.
As per the Ministry of Communication, India initiated 5G services on October 1, 2022. Within 8 months, 200,000 sites across 700 districts were established, covering all 28 states and 8 Union Territories, marking one of the quickest global 5G deployments thus boosting the global augmented intelligence market development.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Model |
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| Breakup by Technology |
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| Breakup by Enterprise Size |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Augmented Intelligence Market Analysis
8.1 Key Industry Highlights
8.2 Global Augmented Intelligence Historical Market (2018-2023)
8.3 Global Augmented Intelligence Market Forecast (2024-2032)
8.4 Global Augmented Intelligence Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Augmented Intelligence Market by Deployment Model
8.5.1 On-Premises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Augmented Intelligence Market by Technology
8.6.1 Machine Learning
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Natural Language Processing
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Computer Vision
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Augmented Intelligence Market by Enterprise Size
8.7.1 Large Enterprises
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Small and Medium Enterprises
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Augmented Intelligence Market by End Use
8.8.1 IT and Telecom
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Retail and E-Commerce
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 BFSI
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Healthcare
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Manufacturing
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Automotive
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Others
8.9 Global Augmented Intelligence Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Augmented Intelligence Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Augmented Intelligence Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Augmented Intelligence Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Augmented Intelligence Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Augmented Intelligence Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Squirro AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon Web Services, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Microsoft Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 QlikTech International AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SAP SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sisense Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Oracle Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Salesforce, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Infor
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 SAS Institute Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Augmented Intelligence Market: Key Industry Highlights, 2018 and 2032
2. Global Augmented Intelligence Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Augmented Intelligence Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Augmented Intelligence Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Augmented Intelligence Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Augmented Intelligence Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
7. Global Augmented Intelligence Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
8. Global Augmented Intelligence Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
9. Global Augmented Intelligence Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
10. Global Augmented Intelligence Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Augmented Intelligence Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Augmented Intelligence Market Structure
Key Questions Answered in the Report
The market was estimated to be valued at USD 21.73 billion in 2023.
The market is projected to grow at a CAGR of 25.4% between 2024 and 2032.
The revenue generated from the augmented intelligence market is expected to reach USD 166.54 billion in 2032.
The augmented intelligence market is driving improvements in enhanced decision-making, increased creativity, personalized experiences, and effective risk management.
The augmented intelligence market is categorised according to its components, which include solutions and services.
The major players in the market, according to the report, are Squirro AG, Amazon Web Services, Inc., Microsoft Corporation, QlikTech International AB, QlikTech International AB, SAP SE, Sisense Ltd, Salesforce, Inc., Infor, and SAS Institute Inc. among others.
Based on the technology, the augmented intelligence market is divided into machine learning, natural language processing, computer vision, and others.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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