Press release
Decision Intelligence Market Expansion Continues, with Forecast Valuation of $35.34 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Decision Intelligence Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of decision intelligence has experienced swift expansion over the past few years. It's projected to increase from $15.06 billion in 2024 to $17.41 billion in 2025, showcasing a compound annual growth rate (CAGR) of 15.6%. Factors contributing to this growth during the historic period include the advent of big data analytics, the continuous development of business intelligence tools, a rise in complexity in decision-making procedures, enhanced data integration capacities, and the increasing adoption of cloud computing for data storage.
Decision Intelligence Market Size Forecast: What's the Projected Valuation by 2029?
The size of the decision intelligence market is predicted to experience a high growth rate in the forthcoming years. The market is anticipated to reach $35.34 billion by 2029, with a compound annual growth rate (CAGR) of 19.4%. The expansion within the forecast period could be due to the rise of IoT devices and data streams, the difficulties of cross-functional decision-making, the inclusion of predictive analytics in decision-making, the implementation of decision intelligence in managing supply chains, decision intelligence customization for specific industries, and a commitment to continual learning and adjustable decision systems. Significant trends within the forecasted period encompass advancement in machine learning technology, AI integration into decision intelligence, the rise of edge computing for real-time decision-making, and incorporating natural language processing for decision support.
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What Are the Drivers Transforming the Decision Intelligence Market?
Anticipated growth in the healthcare sector is set to stimulate expansion within the decision intelligence market. This sector encompasses the provision of medical products, healthcare-related services, and support to individuals, communities, and broader populations. Decision intelligence plays a crucial role within healthcare, not only improving patient care but also enhancing the efficiency of healthcare procedures and overall outcomes. It equips healthcare professionals and institutions with the ability to make informed, data-driven decisions utilizing data, analytics, and artificial intelligence, including the identification of those at a high risk of disease development. As an example, figures from the Centers for Medicare & Medicaid Services, a US Federal agency, show that US healthcare expenditure increased 4.1% in September 2024, amounting to $4.5 trillion or $13,493 per person, which constituted 17.3% of the country's Gross Domestic Product. Thus, the expanding healthcare industry is effectively fueling the growth of the decision intelligence market.
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What Long-Term Trends Will Define the Future of the Decision Intelligence Market?
The rise of AI-driven solutions is a notable trend in the decision intelligence market. Major players in this market are channeling their efforts to create ground-breaking AI-driven technologies to maintain their market lead. For instance, MDS Global, a software firm based out of the UK, debuted MDS DecisionAI, an AI-based marketing decision intelligence platform, in May 2023. This ingenious platform employs artificial intelligence to aid companies in making improved marketing choices through insights about their consumers, competitors and overall market. It allows businesses to refine their marketing and operational strategies by providing a comprehensive range of AI modules specifically designed for the telecom industry, including forecasting, churn and propensity models, and marketing and media mix analyses. Moreover, it helps them identify potential areas for revenue generation and previously undetected gaps faster. By leveraging AI, companies can make well-informed decisions regarding strategy shifts, innovation investments and allocation of commercial and marketing resources.
Which Segments in the Decision Intelligence Market Offer the Most Profit Potential?
The decision intelligencemarket 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
Subsegments:
1) By Solution: Predictive Analytics, Decision Support Systems, Machine Learning Models
2) By Services: Consulting Services, Implementation Services, Training And Support
3) By Platform: Cloud-Based Platforms, On-Premises Platforms, Hybrid Platforms
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Which Firms Dominate the Decision Intelligence Market by Market Share and Revenue in 2025?
Major companies operating in the decision intelligence market include 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
Which Regions Offer the Highest Growth Potential in the Decision Intelligence Market?
North America was the largest region in the decision intelligence market in 2024. The regions covered in the decision intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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