Augmented Intelligence Market Developments and Future Plans
Posted by Sakshi Mishra on April 22nd, 2021
Global Augmented Intelligence Market is estimated to record a CAGR of 35.8% during the forecast period from 2019 to 2025.
Important influencing elements affecting the expansion of the augmented intelligence market 2020 is the rising establishment of increasing demand for smart virtual assistants, increasing usage of big data analytics and cloud-based products and services. However, the existence of a limited number of professionals skilled with technology is one of the biggest obstacles to market expansion. On the basis of region, the market in Asia-Pacific is estimated to show growth at a high speed due to the increasing integration of profound learning as well as NLP technologies in particular sectors such as marketing, agriculture, finance, and law applications.
Augmented intelligence executes a crucial role in financial institutions as this humans-machines pair will allow them to make effective business decisions assuring the better flow of conversation of their employees with customers. Similarly, the healthcare industry also asks operational efficiency while dealing with patients, hence, augmented intelligence will allow them to increase their traditional settings. The global augmented intelligence market is estimated to expand at a considerable rate during the review period due to the rising demand for studying and analyzing great volumes of unstructured data among the enterprises. The global augmented intelligence market expansion is also estimated to be affected by the rising R&D investments by established players to adopt augmented intelligence solutions. Additionally, enterprises are estimated to involve in mergers and acquisitions to utilize the most of technology in favor of their organization.
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Global Augmented Intelligence Market Segmentation
The Global Augmented Intelligence Market has been classified on the grounds of End-Use Industry, offering, Region, and Technology.
On the basis of the End-Use Industry, the market has been classified into fintech, agriculture, human resources, manufacturing, automotive, healthcare, retail, and others. The healthcare vertical is estimated to expand considerably over the forecast period, followed by the BFSI vertical.
On the basis of offering, the market has been classified into software, hardware, and services. The hardware segment has been further classified into network, processors, and memory. The software segment consists of AI solutions and AI platforms. The services vertical has been classified into support & maintenance and deployment & integration.
On the basis of geography, the market has been classified into North America, Asia-Pacific, the Middle East, and Africa, Europe, and South America.
On the basis of technology, the market has been classified into context-aware computing, natural language processing, computer vision, and machine learning. Natural language processing is estimated to achieve the maximum market share during the assessment period due to its capability to process natural language interactions. Moreover, the natural language processing technology segment is expected to be followed by machine vision segments and machine learning.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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