Decision Intelligence Global Market 2024 - Top Regions, Latest Technology, Investment Opportunities, Future Trends And Outlook 2033

The Business Research Company recently released a comprehensive report on the Global Decision Intelligence Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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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Major Key Players of the Market:

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

Decision Intelligence Market 2024 Key Insights:

• 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%.
• Surging Growth In The Healthcare Industry Propels The Decision Intelligence Market
• Ai-Powered Technologies Drive Advancements In The Decision Intelligence Market
• North America was the largest region in the decision intelligence market in 2023

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