Augmented Intelligence Market Size
Market Overview
Augmented Intelligence market to surpass USD 257264.19 million by 2031 from USD 12123.9 million in 2021 at a CAGR of 35.73% in the coming years, i.e., 2022-31.
Augmented intelligence is a pattern for a human-centered partnership model in which people and artificial intelligence (AI) collaborate to improve cognitive performance, such as learning, decision-making, and new experiences.
Market Highlights
The augmented Intelligence market is expected to project a notable CAGR of 35.73% in 2031
The global augmented intelligence market is rapidly expanding, with increased demand originating from all major industries. Many scientific discoveries about the COVID-19 pandemic have been made possible by modern and highly effective augmented intelligence technology, with a variety of implications that contribute to a better understanding of the virus and, in turn, advance patient care and critical policy decisions defending global public health. With the growing use of augmented intelligence in industries such as government, aerospace & defense, BFSI, aviation, and retail, the market is expected to see significant growth in the coming years.
Augmented Intelligence Market: Segments
Machine learning segment to grow with the highest CAGR during 2021-31
Based on technology, the augmented intelligence market is segmented into machine learning, natural language processing, machine vision, context-aware computing, and others. The machine learning segment held the largest market share in 2019 and is expected to continue its dominance over the forecast period.
Healthcare segment to grow with the highest CAGR during 2021-31
The augmented Intelligence market is segmented by End-user into IT and telecommunications, Retail and E-Commerce, BFSI, Healthcare, and Others. Among these, the Healthcare category is expected to grow at a significant rate during the forecast period. The healthcare section is anticipated to develop considerably over the forecast period, adopted by the BFSI section.
Augmented Intelligence Market: Key Players
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Nvidia
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Intel
- Samsung Electronics
- Micron Technology
- Xilinx
- IBM
- Amazon Web Services (AWS)
- Microsoft
Augmented Intelligence Market: Regions
Augmented Intelligence market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The augmented Intelligence market in North America held the largest market share in the year 2020 and is projected to maintain its market dominance during the forecast period, followed by Europe and Asia Pacific. As a consequence of technological advancements, the region's market has become extremely competitive. Many technical advancements are attracted by growing populations and increased buying power. In the region, the consumer electronics industry has thrived. In the region, there is a high density of consumer electronic devices, such as cellphones. This is likely to contribute to the growth of the North America augmented intelligence market
Global Augmented Intelligence Market report also contains an analysis on:
Augmented Intelligence Market Segments:
- By Technology
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Machine Vision
- Others
- By Enterprise Size
- SMEs
- Large Enterprises
- By End-User
- IT and Telecommunication
- Retail and E-Commerce
- BFSI
- Healthcare
- Others
- Augmented Intelligence Market Dynamics
- Augmented Intelligence Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Frequently Asked Questions (FAQ):
The Augmented Intelligence Market size was estimated at USD xx in 2021 and is expected to reach USD xx by 2031.
Healthcare segment is anticipated to hold the Augmented Intelligence Market share.
Nvidia, Intel, Samsung Electronics, Micron Technology, IBM, Amazon Web Services (AWS), Microsoft, Google, Facebook,
Augmented intelligence is a pattern for a human-centered partnership model in which people and artificial intelligence (AI) collaborate to improve cognitive performance, such as learning, decision-making, and new experiences.
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