Global Cloud Augmented Intelligence Market Overview:
The global market for cloud augmented intelligence is growing as organisations increasingly leverage cutting-edge technologies like big data, block chain, artificial intelligence, and the internet of things to meet customer expectations. Additionally, the market's expansion is positively impacted by the spike in demand for business intelligence products. However, factors including software implementation challenges and a shortage of cloud augmented intelligence specialists are anticipated to restrain market expansion. In contrast, it is anticipated that throughout the forecast period, significant companies would advance their use of augmented intelligence solutions and the volume and variety of data will expand within an automated process, providing lucrative chances for the market's growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- A Growing Amount of Sophisticated Corporate Data
- Expanding Use of Cutting-Edge Cloud Augmented Intelligence and Analytics Tools
- Scaling Up and Implementing Digital Initiatives
Roadblocks
- Apprehension about Humans Being Replaced By Technologies
- Concerns about Data Security
Opportunities
- Increased Use of Technology for Machine Learning, Artificial Intelligence, and Natural Language Processing
- Solutions for Cloud Augmented Intelligence Are Widely Used By SMES
Challenges
- Data Integration from Data Silos
- Ownership and Confidentiality of Data Collected
- Inadequate Skilled Workforce
Competitive Landscape:
Global Cloud Augmented Intelligence is a fragmented market due to the presence of various players. The players are focusing on investing more in technological advancements. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are AWS (United States), Microsoft (United States), Salesforce (United States), SAP (Germany), IBM (United States), SAS (United States), CognitiveScale (United States), QlikTech International (United States), TIBCO (United States), Google (United States), MicroStrategy (United States) and Sisense (United States). Additionally, following companies can also be profiled that are part of our coverage like Cosmo Tech (France), Jumio (United States), Lucidworks (United States) and Squirro (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Cloud Augmented Intelligence market by 2027. Considering Market by Technology, the sub-segment i.e. Machine Learning will boost the Cloud Augmented Intelligence market. Considering Market by Industry Vertical, the sub-segment i.e. IT & Telecom will boost the Cloud Augmented Intelligence market. Considering Market by Component, the sub-segment i.e. Software will boost the Cloud Augmented Intelligence market. Considering Market by Organisation Size, the sub-segment i.e. Small & Medium will boost the Cloud Augmented Intelligence market.
Latest Market Insights:
In January 2022, Microsoft Corp. announced its plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the met averse.
In March 2022, Schlumberger partnered with Dataiku to provide customers with a single, centralized platform for designing, deploying, governing, and managing AI and analytics applications, allowing everyday users to create low-code no-code AI solutions. and In April 2021, Oracle made its GoldenGate technology available as a highly automated, fully managed cloud service that clients can use to help ensure that their valuable data is always available and analyzable in real-time, wherever they need it.
What Can be Explored with the Cloud Augmented Intelligence Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cloud Augmented Intelligence Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cloud Augmented Intelligence
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Augmented Intelligence market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud Augmented Intelligence market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Verticals, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.