Pune, India, April 05, 2019 -- /360iResearch/ -- The report "Global Augmented Analytics Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 4.26 billion in 2017 and is projected to reach USD 23.97 billion by 2024, growing at a CAGR of 27.97% from 2017 to 2024.
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The major forces driving the growth of the augmented analytics market include the automates insights using machine learning and natural-language generation and increasing volume of complex business data to derive insights. Moreover, growing adoption of analytics and advanced business intelligence tools and democratize data analytics for less business-savvy users and increase productivity are also some of the factors that are driving the market growth. However certain factors such as the limited skilled workforce may hinder the market growth. In the middle of difficulty lies opportunity such as the increasing investment in bots, adoption of advanced analytics in the developing regions, and investment opportunity due to the presence of small as well as large vendors. The possible challenges for the market growth is data quality and safety concern. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on component, the global augmented analytics market is studied across Services, and Software. Based on industry, the global augmented analytics market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global augmented analytics market is studied across On-Cloud, and On-Premises. Based on geography, the global augmented analytics market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the augmented analytics market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Domo, IBM, Information Builders, Microsoft, Microstrategy, Oracle, Qlik, SAP, SAS, Salesforce, Sisense, Tableau Software, Thoughtspot, Tibco Software, and Yellowfin.
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