The Africa augmented analytics in BFSI market is anticipated to witness high growth in the coming years. This is attributed to increase in data-driven decisions owing to rise in digitalization of the market and maximization of operational efficiency. Moreover, increase in need to adhere with stringent regulations, rise in need to enhance customer experience, increase in need to ensure data security, and surge in the occurrence of big data are driving the market.
Further, prevalence of large amounts of data leads to an increased demand for analytics solutions that process this data quickly and efficiently. Augmented analytics offer businesses the ability to make faster and more productive decisions, while providing them with a competitive advantage. This trend is expected to continue to drive the market in the near future. In addition, development of infrastructure, increase in the level of internet penetration, and government initiatives toward high-tech are driving the market growth.
However, high cost of acquiring augmented analytics solutions is restraining the market growth. Moreover, lack of technical expertise to operate and manage these solutions is restricting the market growth. On the other hand, utilization of this technology to use analytics and generate valuable insights is anticipated to open up a lot of opportunities for services and solutions that contribute to the market's expansion in the coming years. Furthermore, market players in Africa are moving more toward digitally enabled solutions, which is offering new opportunities in the market. In addition, augmented analytics deliver effective decision-making insights with minimal resources, thus expected to create lucrative opportunities for market players.
The augmented analytics market in Africa is segmented into component, deployment model, enterprise size, and application. By component, the market is segregated into solution and service. In between them, the solution segment is expected to hold the majority of the market share during the projected period, owing to rise in need to acquire an efficient solution for data-driven decisions. Contrary, the service segment is anticipated to expand at a high rate owing to rise in need for trained professionals to deploy and manage these solutions. On the basis of deployment model, it is bifurcated into on-premise and cloud. Depending on enterprise size, the market is fragmented into large enterprises and small & medium-sized enterprises. By application, the Africa augmented analytics in BFSI market is classified into risk & compliance management, customer analytics, fraud detection, portfolio management, and others.
Key market players involved in this market include IBM Corporation, SAP SE, Oracle Corporation, SAS Institute Inc., Tableau Software (now part of salesforce), Qlik Technologies Inc. (now part of Thoma Bravo), TIBCO Software Inc., Information Builders (now part of TIBCO), MicroStrategy Inc., and Sisense Inc.
The key aspects of augmented analytics market are product development, R&D, pricing strategies, and end-user perceptions. These market players are focusing on developing advanced & innovative products & services along with setting pricing strategies as per consumer demand. Moreover, they are focusing on providing improved customer experiences, utilizing advanced analytics capabilities and customized solutions.
To conclude, the Africa augmented analytics in BFSI market is anticipated to witness significant growth in the coming years owing to rise in competition and rise in the need for enhanced customer experience. In addition, market players are focusing on introducing new and advanced solutions to achieve most out of it.
Key Benefits For Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in Africa augmented analytics in BFSI market.
- Assess and rank the top factors that are expected to affect the growth of Africa augmented analytics in BFSI market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the africa augmented analytics in BFSI market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
Africa Augmented Analytics in BFSI Market Report Highlights
| Aspects | Details |
 Forecast period | 2022 - 2032 |
 Report Pages | 74 |
 By Component |
|
 By Deployment Model |
|
 By Enterprise Size |
|
 By Application |
|
 Key Market Players | TIBCO Software Inc., Oracle Corporation, SAP SE, SAS Institute Inc.,, Qlik Technologies Inc. (now part of Thoma Bravo), MicroStrategy Inc.,, Tableau Software (now part of salesforce), IBM Corporation, Sisense Inc., Information Builders (now part of TIBCO) |
The Africa Augmented Analytics in BFSI Market is projected to grow at a CAGR of 28.2% from 2022 to 2032
Key market players involved in this market include IBM Corporation, SAP SE, Oracle Corporation, SAS Institute Inc., Tableau Software (now part of salesforce), Qlik Technologies Inc. (now part of Thoma Bravo), TIBCO Software Inc., Information Builders (now part of TIBCO), MicroStrategy Inc., and Sisense Inc.
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in africa augmented analytics in bfsi market.
3. Assess and rank the top factors that are expected to affect the growth of africa augmented analytics in bfsi market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the africa augmented analytics in bfsi market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
Africa Augmented Analytics in BFSI Market is classified as by component, by deployment model, by enterprise size, by application
Loading Table Of Content...
Loading Research Methodology...
