Global Augmented Analytics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Component;
Software and Services.By Organization Size;
Large Enterprises and Small and Medium-Sized Enterprises.By Deployment Type;
On-Premises and Cloud.By End-user;
BFSI, IT & Telecom, Government, Retail, Healthcare, Manufacturing, Transport & Logistics, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Augmented Analytics Market (USD Million), 2021 - 2031
In the year 2024, the Global Augmented Analytics Market was valued at USD 20,644.97 million. The size of this market is expected to increase to USD 135,228.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 30.8%.
The global augmented analytics market is experiencing rapid growth as businesses across various sectors increasingly recognize the value of leveraging advanced analytics to drive decision-making and enhance operational efficiency. Augmented analytics, which integrates artificial intelligence (AI) and machine learning (ML) with traditional analytics, enables organizations to process vast amounts of data and generate actionable insights quickly and accurately. This innovative approach helps businesses not only understand past trends but also predict future outcomes, thereby supporting more informed and strategic decision-making processes.
One of the primary drivers of this market is the sheer volume of data being generated daily by businesses and consumers alike. The proliferation of digital technologies, social media, and IoT devices has led to an explosion of data, necessitating more sophisticated tools to analyze and derive meaningful insights from this information. Augmented analytics tools are uniquely positioned to meet this demand, offering capabilities that go beyond traditional business intelligence by automating complex data preparation and analysis tasks, thus allowing users to focus on interpreting the results and making data-driven decisions.
Advancements in AI and ML technologies are continually enhancing the capabilities of augmented analytics solutions. These advancements are making it possible to uncover deeper insights and patterns within data that were previously inaccessible. This progress is particularly significant for industries such as healthcare, finance, and retail, where data-driven insights can lead to improved patient outcomes, better financial performance, and more personalized customer experiences. As these industries increasingly adopt augmented analytics, the market is set to expand further, driven by the need for enhanced efficiency and competitive advantage.
The market does face some challenges, including high implementation costs and concerns over data privacy and security. Despite these restraints, the potential for significant return on investment and the ability to transform business operations provide compelling incentives for adoption. Emerging markets and small to medium-sized enterprises (SMEs) represent untapped opportunities for growth, as these sectors begin to explore and implement augmented analytics to gain a competitive edge. As technology continues to evolve and more businesses recognize its value, the global augmented analytics market is poised for substantial growth and transformation in the coming years.
Global Augmented Analytics Market Recent Developments
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In August 2023, Qlik revealed that the company was recognized on two Constellation ShortLists , Qlik AutoML for Artificial Intelligence and Machine Learning and Qlik Sense for Augmented BI and Analytics. It is designed to enable early adopters and fast,followers to access technology and services that will support their transformation initiatives.
- In September 2023, Hadean, a British scale,up, will partner with BAE Systems on the development of disruptive, cutting,edge digital technology for military training. BAE Systems has a new enterprise license which lets them integrate state,of,the,art AI and Large Language Models into Hadean Platform for Defence
Segment Analysis
The global augmented analytics market has been segmented by component, organization size, deployment type, end-user, and geography.
The component segment is divided into software and services. The software segment includes platforms that leverage AI, machine learning, and natural language processing to automate data analysis and generate actionable insights. Services, encompassing consulting, implementation, training, and support, play a critical role in ensuring the effective deployment and utilization of augmented analytics solutions. The growing demand for customized analytics solutions has boosted the importance of professional services within this segment.
The organization size segment includes small and medium-sized enterprises (SMEs) and large enterprises. Large enterprises dominate the market due to their higher data volumes, established IT infrastructure, and significant investment capacity. However, SMEs are rapidly adopting augmented analytics solutions as they seek cost-effective and scalable tools to drive decision-making, enhance operational efficiency, and gain competitive advantages. Cloud-based deployment options have been particularly influential in driving adoption among SMEs.
By deployment type, the market is segmented into on-premises and cloud-based solutions. Cloud-based solutions are experiencing faster growth due to their flexibility, scalability, and lower upfront costs, making them appealing to SMEs and organizations with limited IT resources. On-premises solutions remain the preferred choice for industries with stringent security requirements or regulatory constraints, such as BFSI and government, where data control and compliance are critical.
The end-user segment spans industries such as BFSI, IT & telecom, government, retail, healthcare, manufacturing, transport & logistics, and others. BFSI leads the market, leveraging augmented analytics for fraud detection, risk management, and personalized services. IT & telecom uses these tools to optimize network performance and customer experience, while the retail sector applies them for customer insights and inventory optimization. Healthcare, manufacturing, and transport & logistics are also rapidly adopting augmented analytics to improve operational efficiency, compliance, and predictive decision-making.
The market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to early adoption of advanced analytics technologies, strong technological infrastructure, and a focus on data-driven decision-making. Europe follows, driven by stringent data protection laws and a mature analytics market. Asia-Pacific is anticipated to exhibit the highest growth rate, fueled by digital transformation initiatives and rising adoption of AI and analytics in emerging economies like China and India. Latin America and the Middle East & Africa are also growing steadily as businesses in these regions increasingly prioritize data-driven strategies.
Global Augmented Analytics Segment Analysis
In this report, the Global Augmented Analytics Market has been segmented by Component, Organization Size, Deployment Type, End-user and Geography.
Global Augmented Analytics Market, Segmentation by Component
The Global Augmented Analytics Market has been segmented by Component into Software and Services.
The global augmented analytics market is categorized into two main components: software and services. The software segment encompasses the tools and platforms that facilitate augmented analytics, leveraging advanced technologies such as artificial intelligence (AI) and machine learning (ML). These software solutions are designed to automate data preparation, insight discovery, and sharing, thereby enabling users to derive actionable insights from large datasets quickly and efficiently. The increasing demand for these tools is driven by the need for more accurate and real-time analytics, which can significantly enhance decision-making processes across various industries.
On the other hand, the services segment includes the support and maintenance, consulting, and managed services that complement the software solutions. These services are crucial for the successful implementation and operation of augmented analytics systems. Support and maintenance services ensure that the software functions smoothly and is updated regularly to incorporate the latest features and improvements. Consulting services help organizations to identify their specific analytics needs, develop strategies for effective implementation, and optimize the use of augmented analytics tools. Managed services offer end-to-end management of the analytics processes, allowing companies to focus on their core business activities while experts handle their data analytics requirements.
The software component is witnessing rapid advancements due to continuous improvements in AI and ML technologies. These advancements are enhancing the capabilities of augmented analytics platforms, making them more user-friendly and powerful. Features such as natural language processing (NLP) and automated machine learning (AutoML) are increasingly being integrated into these platforms, enabling even non-technical users to perform complex data analyses with ease. As a result, the adoption of augmented analytics software is growing rapidly among businesses looking to gain a competitive edge through data-driven decision-making.
The services component plays a vital role in addressing the challenges associated with the deployment and utilization of augmented analytics solutions. Organizations often face difficulties related to data integration, system customization, and change management. Service providers offer expertise and resources to help businesses overcome these challenges, ensuring that the analytics tools are effectively integrated into existing workflows and deliver the expected value. As companies continue to recognize the importance of leveraging data analytics for strategic advantage, the demand for both software and accompanying services in the augmented analytics market is expected to grow significantly.
Global Augmented Analytics Market, Segmentation by Organization Size
The Global Augmented Analytics Market has been segmented by Organization Size into Large Enterprises and Small and Medium-Sized Enterprises.
In the global augmented analytics market, large enterprises are significant drivers of demand due to their vast data resources and complex operational needs. These organizations often have substantial budgets, allowing them to invest in advanced analytics technologies to gain competitive advantages. Large enterprises benefit from augmented analytics by obtaining deeper insights into their operations, enhancing decision-making processes, and optimizing business strategies. The integration of augmented analytics tools helps these companies streamline workflows, predict market trends, and personalize customer interactions, thus fostering growth and efficiency.
On the other hand, small and medium-sized enterprises (SMEs) are increasingly recognizing the potential of augmented analytics to level the playing field against larger competitors. Although SMEs typically operate with limited budgets, the affordability and scalability of modern analytics solutions make it possible for them to access powerful analytical capabilities. Augmented analytics enables SMEs to make data-driven decisions without requiring extensive expertise in data science, thereby democratizing advanced analytics. This accessibility allows SMEs to improve operational efficiency, customer engagement, and overall business performance.
Despite their size, SMEs face unique challenges when adopting augmented analytics. These include budget constraints, limited IT infrastructure, and a lack of in-house expertise. The market is witnessing a growing trend of vendors offering tailored solutions that cater to the specific needs of SMEs. These solutions often come with simplified user interfaces, flexible pricing models, and robust customer support, making it easier for SMEs to implement and benefit from augmented analytics. As a result, SMEs are increasingly leveraging these tools to gain actionable insights, enhance their competitive edge, and drive growth.
The global augmented analytics market is shaped by the diverse needs of both large enterprises and SMEs. While large enterprises drive innovation and demand for advanced features, SMEs contribute to market growth through widespread adoption and practical applications. The convergence of these two segments underscores the versatility and broad appeal of augmented analytics, highlighting its critical role in transforming businesses of all sizes into data-driven organizations capable of thriving in a competitive landscape.
Global Augmented Analytics Market, Segmentation by Deployment Type
The Global Augmented Analytics Market has been segmented by Deployment Type into On-Premises and Cloud.
In the global augmented analytics market, deployment type plays a significant role in how businesses choose to implement and utilize these advanced tools. On-premises deployment refers to the installation of software and infrastructure within a company's own facilities. This option provides organizations with greater control over their data and systems, which is particularly important for industries with stringent regulatory and security requirements. Companies opting for on-premises deployment often have robust IT infrastructures and the necessary resources to manage and maintain these systems internally. This deployment type is favored by large enterprises and sectors such as banking, finance, and government, where data sensitivity and compliance are paramount.
Conversely, cloud deployment has gained substantial traction due to its flexibility, scalability, and cost-effectiveness. Cloud-based augmented analytics solutions allow businesses to access powerful analytics tools without the need for significant upfront investments in hardware and infrastructure. This model is especially appealing to small and medium-sized enterprises (SMEs) and startups that may lack the capital or expertise to manage on-premises systems. Cloud deployment also facilitates easier collaboration and data sharing across geographically dispersed teams, which is increasingly important in today's globalized business environment. Cloud providers often offer enhanced security measures and compliance certifications, addressing many of the concerns traditionally associated with cloud adoption.
The rise of cloud computing has also led to the development of hybrid deployment models, where businesses leverage both on-premises and cloud-based solutions to optimize their analytics capabilities. This hybrid approach allows organizations to maintain critical data and processes in-house while taking advantage of the cloud's scalability for less sensitive or high-volume analytics tasks. It offers the best of both worlds, providing the control and security of on-premises systems alongside the flexibility and cost benefits of the cloud. This trend reflects a growing recognition of the need for adaptable and resilient IT strategies in the face of rapidly evolving business demands and technological advancements.
The choice between on-premises and cloud deployment for augmented analytics depends on various factors, including organizational size, industry requirements, budget constraints, and specific use cases. While large enterprises with stringent security needs may continue to prefer on-premises solutions, the overall market is witnessing a significant shift towards cloud adoption. The cloud's ability to deliver continuous updates, advanced features, and reduced operational overheads makes it an increasingly attractive option. As technology continues to evolve, the balance between these deployment types will likely adjust, with hybrid models potentially becoming the norm in the global augmented analytics landscape.
Global Augmented Analytics Market, Segmentation by End-user
The Global Augmented Analytics Market has been segmented by End-user into BFSI, IT & Telecom, Government, Retail, Healthcare, Manufacturing, Transport & Logistics, and Others.
and personalized financial services. Augmented analytics helps financial institutions streamline decision-making processes, optimize risk management, and enhance customer engagement by leveraging predictive analytics and machine learning capabilities. The IT & telecom segment is a significant adopter of augmented analytics for managing complex datasets, optimizing network performance, and delivering personalized customer experiences. These tools empower IT teams to predict system failures, enhance operational efficiency, and implement data-driven strategies in a highly competitive environment.
In the government sector, augmented analytics is utilized to improve public services, optimize resource allocation, and ensure transparency. Governments leverage these tools to analyze vast amounts of data for policymaking, monitor public welfare programs, and detect anomalies in critical areas such as tax collection and public safety. The retail sector increasingly adopts augmented analytics to gain actionable insights into customer behavior, optimize inventory management, and personalize marketing strategies. By analyzing trends and patterns, retailers can enhance customer satisfaction and maximize revenue opportunities.
The healthcare industry is witnessing rapid adoption of augmented analytics for improving patient outcomes, optimizing resource allocation, and ensuring regulatory compliance. These tools enable healthcare providers to analyze patient data, predict disease outbreaks, and enhance the efficiency of clinical workflows. The manufacturing sector benefits from augmented analytics by leveraging predictive maintenance, optimizing production processes, and ensuring supply chain efficiency. These tools empower manufacturers to reduce downtime, improve quality control, and increase operational efficiency.
The transport and logistics segment utilizes augmented analytics to enhance route optimization, predict delivery delays, and improve supply chain visibility. The ability to analyze data from IoT devices and transportation systems helps businesses make informed decisions and improve overall efficiency. The others segment, which includes industries such as energy, education, and hospitality, is increasingly adopting augmented analytics to improve decision-making, optimize resource usage, and enhance customer experiences. The versatility of augmented analytics makes it valuable across diverse industry verticals.
Global Augmented Analytics Market, Segmentation by Geography
In this report, the Global Augmented Analytics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Augmented Analytics Market Share (%), by Geographical Region, 2024
The global augmented analytics market is poised for substantial growth across various regions from 2020 to 2030. North America is expected to maintain a leading position in the market due to the early adoption of advanced technologies and the presence of major players in the region. The United States, in particular, is driving market growth with its robust infrastructure and significant investments in AI and machine learning. The increasing demand for data-driven decision-making across industries such as healthcare, retail, and finance further bolsters the market in North America.
Europe is also projected to witness significant growth in the augmented analytics market. Countries like the UK, Germany, and France are at the forefront of adopting these technologies to enhance business operations and competitiveness. The region's focus on data privacy and security regulations, such as the GDPR, ensures a structured approach to data analytics adoption. European enterprises are increasingly recognizing the value of augmented analytics in improving efficiency and decision-making processes, which contributes to the market's expansion.
The Asia Pacific region is expected to experience the highest growth rate in the augmented analytics market during the forecast period. Rapid digital transformation, growing adoption of AI technologies, and a large base of small and medium-sized enterprises (SMEs) are key drivers in this region. Countries like China, India, and Japan are investing heavily in AI and analytics to gain a competitive edge. The increasing use of augmented analytics in industries such as manufacturing, telecommunications, and BFSI (Banking, Financial Services, and Insurance) is also propelling market growth in the Asia Pacific.
In the Middle East and Africa, the augmented analytics market is gaining traction, albeit at a slower pace compared to other regions. The growing awareness of the benefits of data analytics and the digitalization efforts in countries like the UAE and Saudi Arabia are key factors driving the market. Latin America is also witnessing steady growth, with Brazil and Mexico leading the charge. The region's focus on improving business efficiencies and the rising adoption of digital technologies are contributing to the gradual increase in demand for augmented analytics solutions. Overall, the global augmented analytics market is set to grow significantly across all these regions, driven by technological advancements and the increasing need for data-driven insights.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Augmented Analytics Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity
Drivers:
- Growing Demand for Personalized Customer Experiences
- Rising Adoption in Various Industries
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Enhanced Decision-Making and Efficiency-The global augmented analytics market is significantly driven by the need for enhanced decision-making and efficiency in businesses. Augmented analytics leverages AI, machine learning, and natural language processing to automate data insights, enabling quicker and more accurate decision-making. By integrating advanced algorithms, these systems can process vast amounts of data, uncover patterns, and predict trends that might be overlooked by traditional analytics methods. This capability allows organizations to make data-driven decisions with higher confidence and reduced time, leading to better strategic outcomes.
The efficiency gains from augmented analytics are profound. Traditional data analysis often involves manual processes, which are time-consuming and prone to human error. Augmented analytics automates these processes, reducing the time required to analyze data and generate insights. This automation not only speeds up the analysis but also frees up human resources to focus on more strategic tasks rather than routine data processing. Consequently, businesses can achieve operational efficiency, as decisions are based on accurate, real-time data insights.
The democratization of data analysis through augmented analytics is a crucial factor in enhancing decision-making across all levels of an organization. By providing intuitive interfaces and natural language querying capabilities, these tools make it possible for non-technical users to access and understand complex data insights. This accessibility ensures that decision-making is not confined to data scientists or IT departments but is extended to various stakeholders, including managers and frontline employees. As a result, more informed decisions are made throughout the organization, leading to improved performance and productivity.
In addition, the predictive and prescriptive capabilities of augmented analytics further bolster decision-making processes. These systems can forecast future outcomes based on historical data and suggest the best course of action, allowing businesses to proactively address potential issues and capitalize on opportunities. This forward-looking approach helps organizations to stay competitive in rapidly changing markets by anticipating trends and adjusting strategies accordingly. Overall, the enhanced decision-making and efficiency provided by augmented analytics are key drivers of its growing adoption in the global market.
Restraints:
- Lack of Skilled Workforce
- Integration Challenges
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Resistance to Change-Resistance to change is a significant restraint in the global augmented analytics market. Many organizations are accustomed to traditional methods of data analysis and decision-making, making it challenging to embrace new, advanced technologies. This resistance is often rooted in a lack of understanding or awareness of the benefits that augmented analytics can bring. Employees and management may fear that these technologies could render their existing skills obsolete, leading to reluctance in adopting them.
Organizational culture plays a crucial role in resistance to change. In environments where change is not actively encouraged or where past change initiatives have failed, there may be a heightened sense of skepticism towards new technologies. This cultural inertia can be particularly strong in large, established organizations with rigid structures and processes. Overcoming this resistance requires significant effort in change management, including clear communication of benefits, training, and fostering a culture that values innovation.
The implementation of augmented analytics often requires changes in workflows and business processes. Employees may resist these changes if they perceive them as disruptive or if they are not adequately involved in the transition process. This resistance can slow down the implementation of augmented analytics solutions and reduce their effectiveness. Organizations need to ensure that there is a comprehensive plan in place that includes stakeholder engagement, education, and support to facilitate a smoother transition.
The fear of data inaccuracies and mistrust in automated systems can also contribute to resistance. Decision-makers might be hesitant to rely on insights generated by augmented analytics, preferring instead to trust their own experience and intuition. This mistrust can be mitigated by demonstrating the accuracy and reliability of augmented analytics through pilot programs and by providing transparency in how the data is processed and analyzed. Building trust in these systems is essential for gaining the buy-in necessary to fully leverage the potential of augmented analytics in driving business growth.
Opportunities:
- Development of Industry-Specific Solutions
- Partnerships and Collaborations
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Expansion in Emerging Markets-Emerging markets in regions such as Asia-Pacific, Latin America, and Africa present significant growth opportunities for the global augmented analytics market. These regions are experiencing rapid digital transformation, with increasing internet penetration and smartphone adoption driving the generation of large volumes of data. Businesses in these markets are increasingly recognizing the value of data-driven decision-making and the competitive edge that augmented analytics can provide. As these economies continue to grow, the demand for advanced analytics solutions that can handle the complexity and volume of data is expected to rise substantially.
One of the primary factors contributing to the potential for augmented analytics in emerging markets is the growing adoption of cloud technologies. Cloud computing offers scalable and cost-effective solutions, enabling organizations of all sizes to leverage advanced analytics tools without the need for significant upfront investment in infrastructure. This democratization of technology allows even small and medium-sized enterprises (SMEs) in these regions to access powerful analytics capabilities, fostering a more data-driven business environment.
The diverse and dynamic nature of emerging markets creates unique challenges and opportunities for businesses operating within them. Augmented analytics can help companies navigate these complexities by providing deeper insights into market trends, consumer behaviors, and operational efficiencies. For instance, in the retail sector, augmented analytics can analyze consumer data to optimize inventory management, enhance customer experiences, and drive targeted marketing campaigns. In healthcare, these tools can improve patient outcomes by enabling more accurate diagnostics and personalized treatment plans.
Governments in emerging markets are increasingly investing in digital infrastructure and smart city initiatives, which further boost the demand for sophisticated analytics solutions. These initiatives often involve large-scale data collection and analysis, making augmented analytics an essential tool for managing and interpreting data effectively. By supporting these governmental efforts, augmented analytics can contribute to the overall economic development and technological advancement of emerging markets, creating a virtuous cycle of growth and innovation.
Competitive Landscape Analysis
Key players in Global Augmented Analytics Market include:
- Salesforce
- Sap
- IBM
- Microsoft
- Oracle
- Tableau Software
- Microstrategy
- SAS
- Qlik
- Tibco Software
- Sisense
- Information Builders
- Yellowfin
- ThoughtSpot
- Domo
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Component
- Market Snapshot, By Organization Size
- Market Snapshot, By Deployment Type
- Market Snapshot, By End-user
- Market Snapshot, By Region
- Global Augmented Analytics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Demand for Personalized Customer Experiences
- Rising Adoption in Various Industries
- Enhanced Decision-Making and Efficiency
- Restraints
- Lack of Skilled Workforce
- Integration Challenges
- Resistance to Change
- Opportunities
- Development of Industry-Specific Solutions
- Partnerships and Collaborations
- Expansion in Emerging Markets
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Augmented Analytics Market, By Component, 2021- 2031(USD Million)
- Software
- Services
- Global Augmented Analytics Market, By Organization Size, 2021- 2031(USD Million)
- Large Enterprises
- Small and Medium-Sized Enterprises
- Global Augmented Analytics Market, By Deployment Type, 2021- 2031(USD Million)
- On-Premises
- Cloud
- Global Augmented Analytics Market, By End-user, 2021- 2031(USD Million)
- BFSI
- IT & Telecom
- Government
- Retail
- Healthcare
- Manufacturing
- Transport & Logistics
- Others
- Global Augmented Analytics Market, By Geography, 2021- 2031(USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Augmented Analytics Market, By Component, 2021- 2031(USD Million)
- Competitive Landscape
- Company Profiles
- Salesforce
- Sap
- IBM
- Microsoft
- Oracle
- Tableau Software
- Microstrategy
- SAS
- Qlik
- Tibco Software
- Sisense
- Information Builders
- Yellowfin
- ThoughtSpot
- Domo
- Company Profiles
- Analyst Views
- Future Outlook of the Market