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Decision Intelligence Market Analysis, Trends, Growth, Research And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Decision Intelligence Global Market Report 2023 identifies the increasing growth in the healthcare industry as the major driver for the decision intelligence market's growth in the forecast period. 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.
The global decision intelligence market is expected to grow from $11.07 billion in 2022 to $13.05 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The decision intelligence market is expected to reach $24.81 billion in 2027 at a CAGR of 17.4%.
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Major competitors in the decision intelligence market 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, and Quantellia.
A key trend in the decision intelligence market includes AI-powered technologies. 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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The decision intelligence market is segmented -
• By Component: Solution, Services, Platform
• By Deployment Mode: On-Premise, Cloud Based
• By Organization Size: Small And Medium Enterprises, Large Enterprises
• By Application: Demand Forecasting, Discovering Cause, Logistics Optimization
• 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the decision intelligence market.
The Business Research Company's "Global Decision Intelligence Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Decision Intelligence Market Include:
1. Executive Summary
2. Decision Intelligence Market Characteristics
3. Decision Intelligence Market Trends And Strategies
4. Decision Intelligence Market - Macro Economic Scenario
5. Global Decision Intelligence Market Size and Growth
……
32. Global Decision Intelligence Market Competitive Benchmarking
33. Global Decision Intelligence Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Decision Intelligence Market
35. Decision Intelligence Market Future Outlook and Potential Analysis
36. Appendix
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