Decision Intelligence Market Size, Opportunities, Share, Growth, Regional Trends, Key Segments And Forecast 2033

The decision intelligence market size has grown rapidly in recent years. It will grow from $13.05 billion in 2023 to $15.38 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to rise of big data analytics, evolution of business intelligence tools, increased complexity in decision-making processes, growth in data integration capabilities, adoption of cloud computing for data storage.

The decision intelligence market size is expected to see rapid growth in the next few years. It will grow to $29.53 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to expansion of iot devices and data streams, complexity of cross-functional decision-making, integration of predictive analytics in decision-making, adoption of decision intelligence in supply chain management, customization of decision intelligence for specific industries, focus on continuous learning and adaptive decision systems
. Major trends in the forecast period include technological advancements in machine learning, integration of artificial intelligence in decision intelligence, growth in edge computing for real-time decision-making, integration of natural language processing for decision support.

Market Overview -
Decision intelligence is a practical domain encompassing various decision-making techniques, combining multiple traditional and advanced disciplines to design, model, align, execute, monitor, and tune decision models and processes. It is the digitization, augmentation, and automation of decision-making across the enterprise, combining artificial intelligence (AI) and machine learning (ML) to enable faster, more accurate decisions required by today's competitive and ever-changing business environment.

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Surging Growth In The Healthcare Industry Propels The Decision Intelligence Market
The increasing growth in the healthcare industry is expected to propel the growth of the decision intelligence market going forward. The healthcare industry refers to the sector that provides medical goods, services, and healthcare-related support to individuals, communities, and populations. In the healthcare industry, decision intelligence helps improve patient care, optimize healthcare processes, and enhance overall healthcare outcomes. Decision intelligence empowers healthcare professionals and organizations to make informed and data-driven decisions by leveraging data, analytics, and artificial intelligence. It helps identify individuals at high risk of developing certain diseases. For instance, in May 2023, according to a report published by The Office for National Statistics, a UK-based government department, between 2020 and 2021, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms to $297 billion. Further, total long-term care spending reached $76.62 billion (£60.0 billion) in 2021, up 4.4% in real terms from 2020. All non-government financing programs saw growth in 2021, with total non-government healthcare spending rising by 9.9% in real terms. Moreover, spending on preventive care was $45.93 billion (£35.1 billion) in 2021, more than doubling from 2020. Therefore, the increasing growth in the healthcare industry is driving the growth of the decision intelligence market.

Competitive Landscape -
Major companies operating in the decision intelligence market report are Google LLC, Microsoft Corporation, Intel Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Advanced Micro Devices Inc., Baidu Inc., Arm Limited, Alteryx, insightsoftware, Domo Inc., Alation, Sisense, Looker, Board International, ThoughtSpot, Systems Technology Group, Peak.ai, Heap, Ayasdi, Cerebra, Enlitic Inc., Provenir, Diwo Inc., AiCure LLC, Clarifai Inc., Metaphacts GmbH, H2O.ai Inc., Pyramid Analytics BV, Quantellia

Ai-Powered Technologies Drive Advancements In The Decision Intelligence Market
AI-powered technologies are a key trend gaining popularity in the decision intelligence market. Major companies operating in the decision intelligence market are focused on developing innovative AI-powered technologies to sustain their position in the market. For instance, in May 2023, MDS Global, a UK-based software company, launched MDS DecisionAI, an AI-powered marketing decision intelligence platform. This innovative platform uses artificial intelligence to help brands make better marketing decisions by giving them insights into their customers, competitors, and the market. It enables organizations to optimize their marketing and business strategies by offering a full suite of AI modules explicitly tailored for the telecoms industry, such as forecasting, churn, propensity models, and marketing and media mix analyses. To make interventions more quickly, it enables them to recognize monetization opportunities and blind spots. By applying AI, they may make better-informed judgments about when and how to change their strategy, invest in innovation, and allocate commercial and marketing budgets.

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Key Segments -
The decision intelligence market covered in this report is segmented -
1) By Component: Solution, Services, Platform
2) By Deployment Mode: On-Premise, Cloud Based
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Demand Forecasting, Discovering Cause, Logistics Optimization
5) By End User: Retail And E-Commerce, Healthcare, Banking, Financial Services And Insurance (BFSI), Energy, Manufacturing, Transportation And Logistics, Information Technology And Telecommunications, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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