Augmented Analytics Market Future Prospects
The global augmented analytics market size is USD 9.2 billion in 2024, and it will grow at a CAGR of 27.2% during 2025–2030, to reach USD 39.2 billion by 2030.
This is driven by the surging importance to automate data collection and data preparation, which ultimately facilitate the increase in revenue of companies. With the evolving demands with respect to efficiency, cost-effectiveness, and productivity across industries, conventional analytics solutions are being armed with AI and ML for higher accuracy. In essence, the need for make better decisions in every facet of the economy is driving the focus on advanced analytics of data.
The key driver for the market is the rampant digitization around the world, from consumers to government processes. As more people gain access to smartphones and fast, low-latency internet, they are performing an increasing number of tasks online, including shopping, education, doctor consultants, and government documentation. Similarly, the automation of industrial processes is raising the volume of usable data, from which actionable insights are being increasingly derived using augmented analytics.