The North America Augmented Intelligence Market would witness market growth of 24.4% CAGR during the forecast period (2022-2028).
Augmented intelligence is a different way of thinking about AI that emphasizes AI's helpful role, emphasizing the fact that cognitive technology is meant to complement rather than replace human intelligence. When employing machine learning and deep learning algorithms to uncover relationships and solve problems, the phrase enhanced, which means "to improve," emphasizes the importance of the human intellect.
The growing adoption of AI to improve customer service, as well as the growing adoption of augmented intelligence by a large number of businesses all over various verticals to enhance workflow and productivity, will provide ample new opportunities for the augmented intelligence market to grow during the forecasted period.
The implementation of advanced technologies in industry verticals like automotive, retail, healthcare, finance, and manufacturing is being driven by the tech leader's continual research and innovation. To improve its Artificial Intelligence (AI) business, Intel Corporation purchased Cnvrg.io, an Israeli startup that creates and manages a platform for data scientists to construct and run machine learning models, in November 2020. Although technology has always been an important part of these businesses, AI has pushed technology to the forefront.
This high demand and deployment of augmented intelligence in multiple industries of USA can be attributed to government programs that stimulate the use of AI in a variety of businesses. In February 2019, for example, U.S. President Donald J. Trump announced the American AI Initiative as the country's strategy for boosting artificial intelligence leadership. As part of this endeavor, federal agencies have established criteria for AI development and real-world deployment across several industrial sectors, fostering public trust in AI-based systems.
The health-care system in Canada is at a crossroads. It now faces the immense problem of caring for an ageing and expanding population in the midst of a data revolution unprecedented in human history. This is layered on top of a system that is straining to adapt to new demands, even as technological advancements begin to exceed integration in the area of healthcare.
The US market dominated the North America Augmented Intelligence Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,964.5 million by 2028. The Canada market is estimated to grow at a CAGR of 27.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 26.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Augmented Intelligence Market is Estimated 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
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