Role of Augmented Analytics in Autonomous Vehicles Drives Market Growth

Augmented analytics market is anticipated to grow at a CAGR of 26.8% during the forecast period (2024-2031). Augmented analytics is used by autonomous vehicles to evaluate vast volumes of data from LiDAR, radar, and camera sensors. Augmented Analytics is integrated with many vehicle systems that deal with powertrain, infotainment, body electronics, and autonomous driving systems. Improved decision-making, efficiency, and safety are achieved by autonomous aircraft through the integration of AI and machine learning with modern data analytics. The integration of AI and advanced analytics in aircraft systems is a topic of ongoing research and contribution from several universities. 

Browse the full report description of “Augmented Analytics Market Size, Share & Trends Analysis Report by Component (Software, and Services), By Services (Training and Consulting, Deployment and Integration, and Support and Maintenance), By Deployment Mode (On-Premises, and Cloud Based), and by Verticals (BFSI, Telecom & IT, Retail & Consumer Goods, Healthcare & Life sciences, Manufacturing, Governments & Defense and Others (Energy & Utilities, Transportation & Logistics, Media & Entertainment)) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/augmented-analytics-market

For instance, in April 2024, Purdue University and Windracers officials introduced the Windracers ULTRA, a fixed-wing, long-range aircraft, during the official launch of the Purdue-led Center on AI for digital, autonomous, and augmented aviation. The center, called AIDA3, will test the aircraft as part of its attempts to help make autonomous unmanned aerial vehicles more scalable, safer, and efficient. Electric or hybrid vehicles, ADAS-related growth, IoT applications, government regulations, technological progressions such as 5G and Edge Computing, and additionally AI are the main driving factors in this market.

Recent Developments

• In January 2023, SEERIST introduced new capabilities to enhance the value of its advanced analytics solution. It covers the "Latest" page enabling users to rapidly identify variations in regional or country stability, meaning out of noise, evaluation of possible cyberterrorism impact, and volume of disruptions. The company almost finalized the incorporation of human analysis content that earlier only used its CORE solution. These features aim to help users stay ahead of disruptive risks and threats.

• In November 2023, Datactics released the Augmented Data Quality Solution, which is an AI-based technology that enables the efficient management of data quality through data profiling, cleaning, matching, and remediation, and even provides insights on data breaks or outliers without coding.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Component

o By Services

o By Verticals

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Salesforce, Inc., IBM Corp., Microsoft, Google LLC (Alphabet Inc.), SAP SE and others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Augmented Analytics Market Report Segment

By Component

• Software
• Services

By Services

• Training and Consulting
• Deployment and Integration
• Support and Maintenance

By Deployment Mode

• On-Premises
• Cloud Based

By Verticals

• BFSI
• Telecom & IT
• Retail & Consumer Goods
• Healthcare & Life sciences
• Manufacturing
• Governments & Defense
• Others (Energy & Utilities, Transportation & Logistics, Media & Entertainment)

Global Augmented Analytics Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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