Augmented Intelligence Market Size Expected to Grow by $45.65 Billion | Increased Adoption of Augmented Intelligence by Businesses to Achieve Best Results and Drive Market Growth | More than 17,000 Technavio research reports

Key Market Dynamics:

Rising adoption of augmented intelligence by enterprises to achieve best results and governments and financial institutions investing in the development of IoT ecosystem are some of the key market drivers. Augmented intelligence has shown tremendous potential in various industrial sectors, such as retail, healthcare, e-commerce, finance, manufacturing, IT and telecommunications. Several global companies have already deployed augmented intelligence systems. Administrative and routine activities that take up a lot of employees’ time and require massive manpower can easily be done using augmented intelligence technology, eliminating human error. Several companies are using augmented intelligence systems to overcome the challenges they face in making complex decisions involving stringent safety and regulatory requirements, managing employees and personnel, and rapidly changing customer expectations. clients.

The shortage of augmented intelligence experts will test the growth of the market. Most companies lack the expertise and resources to take full advantage of augmented intelligence. Machine learning and deep learning applications need access to large datasets and specialized infrastructure and processing power. Companies should also consider appropriate use cases for deploying the AI/machine learning algorithm before implementing it at scale. Furthermore, the development of augmented intelligence has created many jobs, and some institutions have courses designed to train individuals.

Learn more about additional key factors, trends and challenges available with Technavio. Download a sample report here!

Key Market Segment Analysis:

The Augmented Intelligence Market report is segmented by Technology (Machine Learning, NLP, Computer Vision and Others) and Geography (North America, Europe, APAC, South America, and MEA). Machine learning (ML) is a subset of augmented intelligence, which focuses on a computer program that can analyze data using specific algorithms. Such a program can adapt without human intervention, delivering the desired result according to the analyzed data. The ML segment is expected to gain a substantial market share owing to its skills in pattern detection, trends, and data mining. ML-based intelligence systems can help users find information, trends, and patterns that deserve their attention. But rather than replacing humans in the future, machine learning technology is being leveraged to augment human intelligence and allow people to gain expertise and develop ideas much faster.

North America will be the top region with 39% market growth over the forecast period. North America is one of the major regions driving the adoption of augmented intelligence technology in various industries, such as banking, e-commerce and retail, IT and telecommunications, etc The need for automated machine-driven decisions is one of the major factors driving the growth of augmented intelligence. The United States is one of the leading countries when it comes to the number of patents related to augmented intelligence filed in the world. Market companies are developing a platform dedicated to AI and its subsets. For example, in April 2020, Amazon Web Services (AWS) has unveiled the general availability of Amazon Augmented Artificial Intelligence (A2I).

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned

• 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.
• To access more vendor profiles with their key offerings in a custom report, Talk to the analyst

Related reports:

Augmented Reality (AR) Market by Application and Geography – Forecast and Analysis 2021-2025

AR VR Smart Glasses Market by Type and Geography – Forecast and Analysis 2022-2026

Main topics covered:

• Summary
• Market landscape
• Market sizing
• Five forces analysis
• Market segmentation by technology
• Customer landscape
• Geographic landscape
• Supplier Landscape
• Vendor analysis
• appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail:[email protected]
Website: www.technavio.com/

SOURCETechnavio