Augmented Intelligence Market by Technology and Geography - Forecast and Analysis 2022-2026

The augmented intelligence market share is expected to increase by USD 45.65 billion from 2021 to 2026, at a CAGR of 27.49%.

This augmented intelligence market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers augmented intelligence market segmentation by technology (machine learning, NLP, computer vision, and others) and geography (North America, Europe, APAC, South America, and MEA). The augmented intelligence market report also offers information on several market vendors, including Alphabet Inc., Amazon.com Inc., Baidu Inc., Facebook Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Samsung Electronics Co. Ltd., SAP SE, and SAS Institute Inc. among others.

What will the Augmented Intelligence Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Augmented Intelligence Market Size for the Forecast Period and Other Important Statistics

 "The American Academy of Dermatology supports the collaborative development of augmented intelligence that is developed and assessed in a manner that facilitates the delivery of high-quality patient care."

Augmented Intelligence Market: Key Drivers and Trends

The rise in adoption of augmented intelligence by enterprises to gain the best outcomes is notably driving the augmented intelligence market growth, although factors such as shortage of augmented intelligence experts may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the augmented intelligence industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Augmented Intelligence Market Driver

The rise in the adoption of augmented intelligence by enterprises for gaining the best outcomes is one of the key drivers for augmented intelligence market growth. The augmented intelligence applications continue to be relevant for corporations and businesses as AI moves towards advancement. Moreover, the diverse industry sectors such as retail, healthcare, finance and e-commerce, and manufacturing have witnessed momentous potential from augmented intelligence over the years. Therefore, its deployment by several global enterprises is estimated to drive the augmented market growth during the forecast period.

Key Augmented Intelligence Market Challenge

The less availability of experts is a key challenge for the augmented intelligence market growth. Machine learning and deep learning apps require access to specialized infrastructure and large data sets. However, most organizations are short of the expertise and resources that are essential for using augmented intelligence to its full potential. Perhaps, hiring experts will result in high investments for companies due to the presence of big competition among the top tech companies to hire the best talent. Thus, the lack of expertise available is slowing down the pace of development and implementation of augmented intelligence and is expected to hamper the market growth during the forecast period.

This augmented intelligence market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

The parent global IT spending market covers revenue generated from the sales and subscription of IT services, communications services, cloud services, IT hardware and software. Technavio calculates the global IT spending market size based on various IT solutions spending by different end-user industries such as healthcare; banking, financial services, and insurance (BFSI); retail; transportation; media and entertainment; and construction.

Who are the Major Augmented Intelligence Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Alphabet Inc.
• Amazon.com Inc.
• Baidu Inc.
• Facebook Inc.
• Intel Corp.
• International Business Machines Corp.
• Microsoft Corp.
• Samsung Electronics Co. Ltd.
• SAP SE
• SAS Institute Inc.

 

This statistical study of the augmented intelligence market encompasses successful business strategies deployed by the key vendors. The augmented intelligence market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The augmented intelligence market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Augmented Intelligence Market?

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market's growth will originate from North America during the forecast period. The US is the key market for augmented intelligence market in North America. Market growth in this region will be slower than the growth of the market in the rest of the regions.

The need for automated machine-driven decisions will facilitate the augmented intelligence market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Augmented Intelligence Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The augmented intelligence market share growth by the machine learning segment will be significant during the forecast period. Machine learning emphasizes on a computer program and is a subset of augmented intelligence with the ability to analyze data without human intervention using specific algorithms. Moreover, machine learning bases systems facilitate users to collect the required information and gain expertise to develop insights much faster. Therefore, the global augmented intelligence market is expected to elevate through IT machine learning segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the augmented intelligence market size and actionable market insights on post COVID-19 impact on each segment.

 

Augmented Intelligence Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 27.49%
Market growth 2022-2026	$ 45.65 billion
Market structure	Fragmented
YoY growth (%)	47.41
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 39%
Key consumer countries	US, UK, China, Japan, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Alphabet Inc., Amazon.com Inc., Baidu Inc., Facebook Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Samsung Electronics Co. Ltd., SAP SE, and SAS Institute Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Augmented Intelligence Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive augmented intelligence market growth during the next five years
• Precise estimation of the augmented intelligence market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the augmented intelligence industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of augmented intelligence market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch