The Latin America, Middle East and Africa Augmented Intelligence Market would witness market growth of 28.2% CAGR during the forecast period (2022-2028).
The most significant distinction between AI and enhanced intelligence is autonomy. AI is designed to function without the need for human intervention. Such AI usually operates on a relatively limited set of parameters and is designed to relieve humans of routine duties. E-mail spam filters, plagiarism checkers, and Google's AI-powered search suggestions are all instances of AI in everyday life.
Since augmented intelligence's machine learning does not have to participate in any decision-making process, many of the barriers and technological challenges that face real AI are not an issue for it. Instead, augmented intelligence examines data, detects patterns, and informs users about those patterns, enabling human intelligence to take control. The viewing recommendations supplied by a streaming video service are an everyday example. User viewing behaviors are analyzed by AI algorithms, which then recommend additional viewing based on those habits. Viewers, on the other hand, must determine whether or not to act on algorithmic recommendations.
The Middle East and African countries have seen a considerable surge in utilization of advanced technology. Rapid digitalization in nations such as the United Arab Emirates and Saudi Arabia has resulted in a large number of linked devices in the area in recent years.
End-user businesses are rapidly turning to artificial intelligence (AI) to save money, boost production, and improve safety. Several government-led efforts are transforming the industrial sector and contributing to the reshaping of the landscape in key economies such as Saudi Arabia and the United Arab Emirates, as well as developing better institutional and regulatory frameworks to encourage private sector investment.
Several governments in the region have developed long-term plans to use AI and machine learning to boost economic growth or improve staff efficiency and government structure agility. AI programs are now carried out with direct government backing, but in the near future, enterprises in the region will have their own AI departments.
The Brazil market dominated the LAMEA Augmented Intelligence Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,340.1 million by 2028. The Argentina market is poised to grow at a CAGR of 28.9% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 27.8% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Computer Vision and Others. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government, Telecom & IT, Consumer Goods & Retail, Healthcare & Life Sciences, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Augmented Intelligence Market is Predict to reach $66.8 Billion by 2028, at a CAGR of 25%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc., IBM Corporation, SAP SE, Sisense, Inc., Microsoft Corporation, MicroStrategy, Inc., Tibco Software, Inc., Salesforce.com, Inc., and QlikTech International AB (Thoma Bravo).
By Component
By Technology
By Deployment Model
By Organization Size
By Vertical
By Country
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