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Decision Intelligence Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Decision Intelligence MarketThe global decision intelligence market was valued at USD 9.8 billion in 2021 and is projected to reach USD 39.3 billion by 2031, growing at a CAGR of 15.2% from 2022 to 2031. The need for rapid, accurate judgments to ensure better outcomes and an increasing need for multiple problem-solving options are some of the key factors projected to drive the worldwide decision intelligence market revenue growth during the forecast period.
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A wide range of industries is now able to fully utilize decision intelligence thanks to the development of ML and AI. This is then anticipated to fuel the market for decision intelligence's expansion.
Trends Influencing the Growth of Decision Intelligence Market
Decision intelligence integrates data with options and consequences for the goal of helping, augmenting, and automating business decisions. It blends techniques (such as decision theories and decision mapping) with technologies to enhance the decision-making process in businesses. (such as automation and machine learning). Decision intelligence includes both ongoing examination of choice results and the improvement of those outcomes through a feedback system. Additionally, it is anticipated that a sizeable portion of the market for decision intelligence's revenue growth would be fueled by the rising demand to reduce certain risks connected to human decision-making. One of the most pervasive problems in businesses is poor decision-making, which can reduce production and raise the cost of goods.
Decision intelligence is emerging as a solution to the urgent need to digitize and utilize cutting-edge technologies like AI and ML. It may integrate decision support, decision management, and complex systems applications. Forecasting and prediction power are improved by both AI and ML, supporting decision intelligence. In a wide range of use cases and industries, organizations employ decision intelligence to accelerate and automate decision-making processes. Decision intelligence helps bridge the gap between data and better decision-making for organizations striving to survive in a sea of data. This is then anticipated to fuel the market for decision intelligence's expansion.
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Key Segmentation
Component
• Platform
• Solutions
• Services
Deployment Mode
• On-premise
• Cloud
Large Enterprise Size
• Large Enterprise
• Small and Medium-sized Enterprises (SMEs)
Industry Verticals
• Energy and Utilities
• BFSI
• IT and Telecom
• Government
• Healthcare
• Manufacturing
• Retail and Consumer Goods
• Others
Key Players
Cargill, Incorporated, cj foods, corbion, GIMMESEAWEED, HUBER, IrishSeaweeds, MaraSeaweed, Ocean Harvest Technology Limited, qingdao bright moon seaweed group co.,ltd., Roland Foods LLC, SeaSnax, seasol international pty ltd, Seaweed & Co., SINGHA CORPORATION CO., LTD., TAOKAENOI FOOD & MARKETING PCL
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