Augmented Intelligence Industry Outlook, Current Scenario, Statistics, Competitive Landscape, Key Vendors, Upcoming Opportunities, Emerging Technologies, Demand and Regional Forecast To 2027

 Augmented intelligence implies the use of artificial intelligence with human judgment to make informed choices. It uses analytics, data, and artificial intelligence (AI) to make new discoveries. Advances in analytics and applications of augmented intelligence in improving processes by recommending new models can be adopted by corporations. The global augmented intelligence market report by Market Research Future (MRFR) has been curated by keeping in mind the drivers and restraints to affect the industry during the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its effects on the industry has been included to keep key leaders abreast of new developments and measures.

Market Scope

The global augmented intelligence market is expected to attain revenues at 35.8% CAGR over the forecast period. This is attributed to utilization of large data sets made between interactions of humans and machines for gleaning useful insights and making informed decisions. Investments in research and development by various industry verticals for extending the range of their applications using augmented intelligence can be leveraged by the market.

The COVID-19 pandemic has pushed the need for advanced technological solutions to curb the spread of the virus. It has relied on large datasets, information portals, and repositories from discrete sources for providing data to AI systems in order to find correlations and make informed decisions. CAIAC is a platform using augmented intelligence for collecting information on the pandemic and make it useful for policy makers and healthcare providers.

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Segmentation

By offering, the market is segmented into hardware, software, and services. The hardware segment has been further sub-segmented into memory, processors, and network. The software segment includes AI platforms and AI solutions. The services segment has been divided into deployment & integration and support & maintenance.

By technology, the market has been segmented into computer vision, machine learning, natural language processing, and context-aware computing. Natural language processing is expected to gain the largest market share during the forecast period owing to its ability to understand human language and process interactions. NLP can be used in attaining the required data through voice searches. For instance, it can be used in the healthcare sector for conducting research or pulling up patient records for consulting. It is likely to be followed by machine learning and computer vision segments.

By end-use industry, the market has been segmented into automotive, agriculture, human resources, healthcare, manufacturing, retail, fintech, and others. The healthcare segment is expected to dominate the global market over the forecast period. This is attributed to rising costs of healthcare, pressure to improve patient outcomes, and adherence to complex regulations.

Regional Analysis

North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions analyzed for measuring the growth of the global augmented intelligence market.

North America is expected to gain the lead in the global market owing to embracing of AI by enterprises of all sizes. Use of automation for streamlining various processes and bridging gaps in decision-making can drive the regional market demand significantly. The insurance sector, in particular, has utilized augmented intelligence for preventing risks, improving customer experience through chatbots, and catering to changing customer needs. Replacement of manual processes with analytical programs for making sense of large volume of data can be used to make right decisions.

Competitive Scope

Amazon Web Services (AWS), Sisense, Xilinx, General Electric, Mellanox Technologies, Facebook, SAS, Nvidia, Google, Salesforce, SAP, Qlik, MondoBrain Inc., Cosmo Tech, Cisco, Oracle, Samsung Electronics, IBM, Intel, Quartic.ai, Microsoft, Micron Technology, Siemens, Baidu, and Rockwell are prominent players of the global augmented intelligence market. Players are offering AI solutions catered to expand application areas of industrial internet of things (IIoT), machine learning, and augmented reality.

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Industry News

Health Catalyst, Inc., has launched Healthcare.AI, a range of augmented intelligence solutions catered to solve challenges and identify new opportunities in the healthcare sector.

 About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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