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, according to latest analysis by Emergen Research. 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 latest research report is dubbed as the first document encompassing the latest information about the Decision Intelligence market that has been gravely affected by the COVID-19 pandemic. The global health crisis poses significant threats to the future growth of the Decision Intelligence industry. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed 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.
Some 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.
- In April 2021, Clarifai, Inc. collaborated with Palantir, Inc. to deliver its AI and machine learning algorithms on Palantir’s data management platform. This project is part of the first phase of the US Army\'s ground station modernization initiative, which supports the Tactical Intelligence Targeting Access Node (TITAN) program. The TITAN program combines ground stations to connect intelligence, surveillance, and reconnaissance sensors across all domains, thereby allowing for faster communication and decision-making.
Research Report on the Decision Intelligence Market Addresses the Following Key Questions:
- Who are the dominant players of the Decision Intelligence market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Decision Intelligence market?
- What are the key growth drivers and restraining factors of the Decision Intelligence market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Decision Intelligence market and its key segments?
Emergen Research has segmented the global Decision Intelligence market on the basis of type, type of care, and region
Segments Covered in this report are:
Model Outlook (Revenue, USD Billion; 2018–2030)
- Human-based
- Hybrid-based
- Machine-based
Software Outlook (Revenue, USD Billion; 2018–2030)
- Analytics
- Machine Learning
Provider Outlook (Revenue, USD Billion; 2018–2030)
- Big Cloud Providers
- Start-Ups
In conclusion, the Decision Intelligence Market report is an exhaustive database that will help readers formulate lucrative strategies. The Decision Intelligence Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Decision Intelligence market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Decision Intelligence with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
