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Decision Intelligence Market worth $23.09 billion by 2030, growing at a CAGR of 10.21% - Exclusive Report by 360iResearch
Decision Intelligence Market | 360iResearch
The Global Decision Intelligence Market to grow from USD 11.68 billion in 2023 to USD 23.09 billion by 2030, at a CAGR of 10.21%.
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Decision intelligence (DI) is a technology-based discipline that helps businesses make better decisions by integrating artificial intelligence (AI) and human decision-making. Decision intelligence combines different decision-making techniques with artificial intelligence (AI), automation, business intelligence (BI), and forward-thinking decision-makers to drive a significant impact on the organization, achieve a higher return on data, and allow users to gather actionable intelligence that powers more progressive decisions. Increasing demand for data-driven and real-time decision-making across businesses to stay competitive elevates the need for decision intelligence platforms. The increasing adoption and availability of AI and machine learning (ML) technologies drive the adoption of decision intelligence solutions. High implementation costs and security & privacy concerns associated with decision intelligence solutions hamper the market's growth. The ongoing introduction of advanced decision intelligence platforms that offer several benefits, such as scalability, flexibility, and cost-effectiveness, by market vendors is expected to create opportunities for market growth.
America's decision intelligence market is evolving and reinforcing over the forecast period with the growing integration of faster, more accurate, and automated decision intelligence across businesses. The rising need for advanced and digitized technologies is envisioned to offer massive opportunities for the decision intelligence market to grow in the region. Digitalization has given the European region further impetus to accelerate the technological transition by promoting enabling technologies such as cloud computing, quantum technologies, and AI & ML. The Digital Compass, a strategy proposal from the European Commission, sets specific digital targets and milestones to be reached by 2030 across skills, business, government, and infrastructure. According to Eurostat, in 2020, 7% of enterprises in the European Union (EU), with approximately ten people employed, used AI applications, and 2% of the enterprises used machine learning to analyze big data internally. The evolving use of new AI technologies with major government initiatives for digitalizing end-user industries is accelerating the potential for the adoption of decision intelligence software. The Asia-Pacific decision intelligence market is developing, driven by the existence of international players enhancing their product footprint across data analytics and Artificial intelligence (AI). Startups in the region are raising funds to accelerate research and development on AI product enhancement, thereby supporting the potential for designing decision intelligence tools.
Market Segmentation & Coverage:
This research report categorizes the Decision Intelligence Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Model, market is studied across Human-Based, Hybrid-Based, and Machine-Based. The Human-Based commanded largest market share of 41.70% in 2023, followed by Hybrid-Based.
Based on Provider, market is studied across Big Cloud Providers and Start-Ups. The Big Cloud Providers commanded largest market share of 78.03% in 2023, followed by Start-Ups.
Based on End-Use, market is studied across BFSI, Healthcare, Media and Entertainment, Oil and Gas, Retail, and Transportation. The BFSI commanded largest market share of 27.09% in 2023, followed by Retail.
Based on Application, market is studied across Demand Forecasting, Discovering Cause-and-Effect Links, and Logistics Optimization. The Demand Forecasting commanded largest market share of 48.95% in 2023, followed by Logistics Optimization.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 45.38% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Decision Intelligence Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Decision Intelligence Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Decision Intelligence Market, highlighting leading vendors and their innovative profiles. These include 4Cast Systems Ltd., Actico GmbH, Advanced Micro Devices, Inc., Aera Technology, Amazon Web Services, Inc., Arm Limited, Automation Anywhere, Inc., Busigence Technologies, C3.ai, Inc., Clarifai, Inc., Cloudera, Inc., Cogneau Systems Private Limited, Enlitic, Inc., Google LLC by Alphabet Inc., H2O.ai., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, nextmv.io inc., NVIDIA Corporation, Oracle Corporation, Paretos GmbH, Peak AI Ltd., Provenir, Pyramid Analytics BV, Salesforce, Inc., SymphonyAI Group by SAIGroup, Tellius, Inc., Vidora Corp., and Xylem Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Decision Intelligence Market, by Model
7. Decision Intelligence Market, by Provider
8. Decision Intelligence Market, by End-Use
9. Decision Intelligence Market, by Application
10. Americas Decision Intelligence Market
11. Asia-Pacific Decision Intelligence Market
12. Europe, Middle East & Africa Decision Intelligence Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Decision Intelligence Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Decision Intelligence Market?
3. What is the competitive strategic window for opportunities in the Decision Intelligence Market?
4. What are the technology trends and regulatory frameworks in the Decision Intelligence Market?
5. What is the market share of the leading vendors in the Decision Intelligence Market?
6. What modes and strategic moves are considered suitable for entering the Decision Intelligence Market?
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