According to the latest report by Emergen Research. The global decision intelligence market size reached USD 10.30 Billion in 2020 and is expected to register a revenue CAGR of 13.7% during the forecast period, Increasing need to make fast and accurate decisions for better outcomes and increasing need for multiple problem-solving options are expected to support market revenue growth between 2021 and 2030. In addition, increasing need for making more accurate data-driven decisions will boost revenue growth of the market. Effective decision making is a major problem in organizations, and better decision making and evaluating tools to make business-critical decisions are required to resolve challenges.
Decision intelligence solution helps organizations to achieve better decisions, accommodate uncertainty factors, and improve their respective decision models. Companies are incorporating Artificial Intelligence (AI) to increase flexibility and differentiate their respective offerings. In addition, decision intelligence enhances the continuity of cross-organizational decision-making by designing models aimed at enhancing traceability, replicability, relevance, and trustworthiness. As a result, organizations can make more effective data-driven decisions.
The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Decision Intelligence industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2028.
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Key Highlights From the Report
· Hybrid-based segment is expected to register a substantially rapid revenue CAGR during the forecast period, owing to increasing demand for human-machine interactions in order to detect issues and achieve faultless judgement.
· Machine learning segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising need for predicting accurate outcomes. Machine learning algorithms use historical data as input for predicting new outputs.
· Big cloud providers segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increased demand for on-cloud services in order to have flexibility in using decision intelligence solutions.
· North America market is expected to register a considerably large revenue share due to robust presence of major players providing decision intelligence solutions such as Advanced Micro Devices, Inc., H2O.ai, Inc., AiCure LLC, and Clarifai, Inc. among others in countries in the region.
The report also studies the key companies of the Decision Intelligence market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are: Baidu, Inc., Advanced Micro Devices, Inc., Arm Limited, H2O.ai, Inc., AiCure LLC, Clarifai, Inc., Enlitic, Inc., Ayasdi AI LLC, HyperVerge, Inc., and Iris.ai AS.
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report further divides the Decision Intelligence market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Decision Intelligence market.
· Model Outlook (Revenue, USD Billion; 2018–2030)
o Human-based
o Hybrid-based
o Machine-based
· Software Outlook (Revenue, USD Billion; 2018–2030)
o Analytics
o Machine Learning
· Provider Outlook (Revenue, USD Billion; 2018–2030)
o Big Cloud Providers
o Start-Ups
· Application Outlook (Revenue, USD Billion; 2018–2030)
o Demand Forecasting
o Discovering Cause
o Logistics Optimization
· End-Use Outlook (Revenue, USD Billion; 2018–2030)
o BFSI
o Healthcare
o Energy
o Media and Entertainment
o Oil and Gas
o Retail
o Transportation
o Others
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Understanding the market size
The size of the Decision Intelligence market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Decision Intelligence report.
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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It further offers a comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Decision Intelligence market?
What are the key product types and applications of the Decision Intelligence industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Decision Intelligence market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Decision Intelligence Market by 2028?
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