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Augmented Intelligence Market

Global Augmented Intelligence Market Size, Share, Trends, Analysis, 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; Competitive Landscape; 2023-2028

Global Augmented Intelligence Market Outlook

The global augmented intelligence market size was approximately USD 17.32 billion in 2022. The market is further projected to grow at a CAGR of 25.4% in the forecast period of 2023-2028, reaching a value of around USD 67.35 billion by 2028.

 

Key Trends in the Market

Augmented intelligence refers to the usage of artificial intelligence to supplement the cognitive abilities, productivity, and decision-making of humans. Also known as cognitive augmentation and intelligence amplification (IA), augmented intelligence has a primarily assistive role based on a model of artificial intelligence and humans working together for improved cognitive performances and results.

 

  • Rising levels of competition across industries are leading to more enterprises adopting advanced technologies to aid performance and gain a competitive edge. Augmented intelligence is increasingly being used to complement technologies such as artificial intelligence, data analytics, and blockchain, driving the augmented intelligence market growth.
  • Growing availability of customisable augmented intelligence solutions is a key trend in the market for augmented intelligence, bolstering its adoption. These solutions can aid in providing real-time insights, extracting data, parallel processing, and improving decision-making capabilities, aiding users in implementing data-backed decisions for maximum results.
  • Improvements in natural language processing capabilities are also surging the augmented intelligence market demand due to its ability to break down and understand human language. With vast volumes of data being generated across industries, natural language processing facilitates understanding of human-generated data, aiding in decision-making.

 

Market Analysis

Based on component, the market is bifurcated into solution and services. On the basis of deployment mode, the market is divided into on-premises and cloud. By technology, the augmented intelligence market segmentation is machine learning, natural language processing, and computer vision, among others. Based on market size, the market is classified into large enterprises and small and medium enterprises. On the basis of end use, the market is categorised into IT and telecom, retail and e-commerce, BFSI, healthcare, manufacturing, and automotive, among others. The regional markets for augmented intelligence are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global augmented intelligence market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Squirro AG
  • Amazon Web Services, Inc.
  • Microsoft Corporation
  • QlikTech International AB
  • SAP SE
  • TIBCO Software Inc.
  • Oracle Corporation
  • Cognitive Scale
  • Infor
  • SAS Institute Inc.
  • Other

 

Market Share by Deployment Mode

As per the augmented intelligence market analysis, the on-premises segment occupies a significant portion of the market, driven by the increasing focus of enterprises towards safety of confidential data. Augmented intelligence is frequently used on sensitive and confidential data for important decision making, for which it is vital that utmost security be maintained. Moreover, in on-premises deployment, augmented intelligence can be integrated directly with the IT infrastructure of the company, thereby enabling easier operations and usage. However, in the coming years, cloud deployment modes are anticipated to witness a steady growth, fuelled by an increasing shift to cloud technologies, improvements in security, and greater affordability.

 

Market Share by Region

Regionally, North America accounts for a significant portion of the augmented intelligence market share, supported by early adoption of new technologies in countries such as the United States and Canada. Enterprises across the region have readily implemented technologies such as blockchain, artificial intelligence, data analytics, and machine learning, aiding in forming a strong basis for the use of augmented intelligence. The established presence of key players in the region further aids the market. Increasing research and development initiatives in the region, aimed towards improving augmented intelligence capabilities and applications, are also anticipated to surge the regional market growth.

 

Competitive Landscape

Squirro AG is a prominent provider of augmented intelligence solutions that can be used for searching, analysing, and interpreting unstructured data. Founded in 2012 and headquartered in Zurich, Switzerland, the company offers industry-specific solutions based on augmented intelligence, aiding in functions such as sales, marketing, and service.

 

Amazon Web Services, Inc. was established in 2002 as a subsidiary of Amazon with a focus on APIs and cloud computing platforms. Currently based in Washington in the United States, the company offers a range of services and products, including networking, computing, analytics, management, deployment, and storage.

 

Microsoft Corporation, headquartered in Washington in the United States, and founded in 1975, is one of the leading information technology companies worldwide and is known for Windows operating systems. The company develops applications, software systems, and hardware products such as video game consoles and touchscreen personal computers.

 

Other augmented intelligence market players are QlikTech International AB, SAP SE, TIBCO Software Inc., Oracle Corporation, Cognitive Scale, Infor, and SAS Institute Inc.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Model
  • Technology
  • Enterprise Size
  • End Use
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Deployment Model
  • On-Premises
  • Cloud
Breakup by Technology
  • Machine Learning
  • Natural Language Processing
  • Computer Vision
  • Others
Breakup by Enterprise Size
  • Large Enterprises
  • Small and Medium Enterprises
Breakup by End Use
  • IT and Telecom
  • Retail and E-Commerce
  • BFSI
  • Healthcare
  • Manufacturing
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Squirro AG
  • Amazon Web Services, Inc.
  • Microsoft Corporation
  • QlikTech International AB
  • SAP SE
  • TIBCO Software Inc.
  • Oracle Corporation
  • Cognitive Scale
  • Infor
  • SAS Institute Inc.
  • Other

 

*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 (2018-2022) 
    8.3    Global Augmented Intelligence Market Forecast (2023-2028)
    8.4    Global Augmented Intelligence Market by Component
        8.4.1    Solution
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Augmented Intelligence Market by Deployment Model
        8.5.1    On-Premises
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Cloud
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Augmented Intelligence Market by Technology
        8.6.1    Machine Learning
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Natural Language Processing
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Computer Vision
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Augmented Intelligence Market by Enterprise Size
        8.7.1    Large Enterprises 
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Small and Medium Enterprises
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
    8.8    Global Augmented Intelligence Market by End Use
        8.8.1    IT and Telecom
            8.8.1.1    Historical Trend (2018-2022)
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Retail and E-Commerce
            8.8.2.1    Historical Trend (2018-2022)
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    BFSI
            8.8.3.1    Historical Trend (2018-2022)
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Healthcare
            8.8.4.1    Historical Trend (2018-2022)
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Manufacturing
            8.8.5.1    Historical Trend (2018-2022)
            8.8.5.2    Forecast Trend (2023-2028)
        8.8.6    Automotive
            8.8.6.1    Historical Trend (2018-2022)
            8.8.6.2    Forecast Trend (2023-2028)
        8.8.7    Others
    8.9    Global Augmented Intelligence Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2022)
            8.9.1.2    Forecast Trend (2023-2028)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2022)
            8.9.2.2    Forecast Trend (2023-2028)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2022)
            8.9.3.2    Forecast Trend (2023-2028)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2022)
            8.9.4.2    Forecast Trend (2023-2028)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2022)
            8.9.5.2    Forecast Trend (2023-2028)
9    North America Augmented Intelligence Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Augmented Intelligence Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Augmented Intelligence Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Augmented Intelligence Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Augmented Intelligence Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    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    TIBCO Software Inc.
            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    Cognitive Scale
            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 2028
2.    Global Augmented Intelligence Historical Market: Breakup by Component (USD Billion), 2018-2022
3.    Global Augmented Intelligence Market Forecast: Breakup by Component (USD Billion), 2023-2028
4.    Global Augmented Intelligence Historical Market: Breakup by Technology (USD Billion), 2018-2022
5.    Global Augmented Intelligence Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6.    Global Augmented Intelligence Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2022
7.    Global Augmented Intelligence Market Forecast: Breakup by Enterprise Size (USD Billion), 2023-2028
8.    Global Augmented Intelligence Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2022
9.    Global Augmented Intelligence Market Forecast: Breakup by Industry Vertical (USD Billion), 2023-2028
10.    Global Augmented Intelligence Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Augmented Intelligence Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Augmented Intelligence Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Augmented Intelligence Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Augmented Intelligence Market Structure

Key Questions Answered in the Report

What was the augmented intelligence market value in 2022?

In 2022, the market reached an approximate value of USD 17.32 billion.

What is the growth rate of the market?

The market is expected to grow at a CAGR of 25.4% between 2023 and 2028.

What is the augmented intelligence market forecast for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 67.35 billion by 2028.

What are the major market drivers?

The major drivers of the market include rising awareness of the advantages of augmented intelligence, increasing use of various advanced technologies, and growing focus on data-based decision making.

What are the key trends of the market?

The key augmented intelligence market trends include increasing popularity among large enterprises, generation of high volumes of data, improvements in augmented intelligence capabilities, and industry-specific customisation.

What are the various technologies of augmented intelligence in the market?

The various technologies of augmented intelligence in the market are machine learning, natural language processing, and computer vision, among others.

What are the significant end uses of augmented intelligence in the market?

The significant end uses of augmented intelligence in the market are IT and telecom, retail and e-commerce, BFSI, healthcare, manufacturing, and automotive, among others.

Who are the key market players, according to the augmented intelligence market report?

The major players in the market, according to the report, are Squirro AG, Amazon Web Services, Inc., Microsoft Corporation, QlikTech International AB, SAP SE, TIBCO Software Inc., Oracle Corporation, Cognitive Scale, Infor, and SAS Institute Inc., among others.

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