Augmented Intelligence Market Overview:
According to the latest research report, The
Global Augmented Intelligence Market size is
projected to grow at a compound annual growth rate of CAGR of 25.5% during the
forecast period of 2022-2030.
Important influencing elements affecting the
expansion of the augmented intelligence market 2020 is the rising establishment
of increasing demand for smart virtual assistants, increasing usage of big data
analytics and cloud-based products and services. However, the existence of a
limited number of professionals skilled with technology is one of the biggest
obstacles to market expansion. On the basis of region, the market in
Asia-Pacific is estimated to show growth at a high speed due to the increasing
integration of profound learning as well as NLP technologies in particular
sectors such as marketing, agriculture, finance, and law applications.
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Key Players:
Augmented Intelligence Market Top Players,
- Intel
- Nvidia
- Samsung
Electronics
- Xilinx
- Micron
Technology
- IBM
- Microsoft
- Google
Augmented intelligence executes a crucial role in
financial institutions as this humans-machines pair will allow them to make
effective business decisions assuring the better flow of conversation of their
employees with customers. Similarly, the healthcare industry also asks
operational efficiency while dealing with patients, hence, augmented
intelligence will allow them to increase their traditional settings. The global
augmented intelligence market is estimated to expand at a considerable rate
during the review period due to the rising demand for studying and analyzing
great volumes of unstructured data among the enterprises. The global
augmented intelligence market expansion is also estimated to be affected
by the rising R&D investments by established players to adopt augmented
intelligence solutions. Additionally, enterprises are estimated to involve in
mergers and acquisitions to utilize the most of technology in favor of their
organization.
Global Augmented Intelligence Market Segmentation:
The Global Augmented Intelligence Market has
been classified on the grounds of End-Use Industry, offering, Region, and
Technology.
On the basis of the End-Use Industry, the market
has been classified into fintech, agriculture, human resources, manufacturing,
automotive, healthcare, retail, and others. The healthcare vertical is
estimated to expand considerably over the forecast period, followed by the BFSI
vertical.
On the basis of offering, the market has been
classified into software, hardware, and services. The hardware segment has
been further classified into network, processors, and memory. The software
segment consists of AI solutions and AI platforms. The services vertical has
been classified into support & maintenance and deployment &
integration.
On the basis of geography, the market has been
classified into North America, Asia-Pacific, the Middle East, and Africa,
Europe, and South America.
On the basis of technology, the market has been
classified into context-aware computing, natural language processing, computer
vision, and machine learning. Natural language processing is estimated to
achieve the maximum market share during the assessment period due to its
capability to process natural language interactions. Moreover, the natural
language processing technology segment is expected to be followed by machine
vision segments and machine learning.
Regional Market Analysis:
On the basis of region, the Global Augmented
Intelligence Market has been divided into four regions, namely Europe,
North America, Middle East & Africa, Asia-Pacific, and South America.
North America is estimated to acquire the maximum
share in the global augmented intelligence market during the forecast period
owing to the existence of various small, medium, and large organizations across
the region.
Crucial factors like quick adoption of the
establishment of new business models and integrated cloud platform affecting
the market expansion. Asia Pacific is estimated to record the highest CAGR over
the forecast period due to the establishment of a manufacturing sector and IT
infrastructure.
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Some of Augmented Intelligence Market top
companies in the market are Intel, Nvidia, Samsung Electronics, Xilinx,
Micron Technology, IBM, Google, Facebook, Microsoft, Baidu, Salesforce, Oracle,
SAS, SAP, MondoBrain Inc., Cisco, Amazon Web Services (AWS), Siemens AND
Mellanox Technologies, Rockwell, Sisense, Cosmo Tech, General Electric, Qlik,
and Quartic.ai.
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