With the emergence and long-term Impact of COVID-19, Global Decision Intelligence Market to reach USD 31.52 Billion by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global Decision Intelligence Market points towards a potential rise to USD 31.52 Billion by 2029. Decision Intelligence is used in fields such as healthcare, financial services and supply chains to fasten and automate decision-making processes in various cases. It helps in accurate decision-making with better outcomes making the right choice for every organization. It further helps to save time and bridge the gap between enterprise platforms and solutions. Additionally, emerging decision intelligence is benefitting from the advent of new technologies such as AI and ML. These technologies further help in mistakes free decision making alleviating poor human decisions.
Geographically, the global Decision Intelligence market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is dominating the market share for decision intelligence due to the increasing implementation of AI and ML technologies in this region. The growing retail and baking sector is demanding better judgments further driving the market for decision intelligence. Increasing expenditure on research and development of AI and IoT technologies is also contributing towards the growth. Europe is expected to be the fastest-growing region with the highest CAGR over the forecasted period due to the rising demand for manufacturing, transportation, and energy industries. There is also huge demand for autonomous vehicles leading to the rising need for decision intelligence.
The global Decision Intelligence market is highly competitive owing to the presence of several key manufacturers such as Baidu Inc, Advanced Micro Devices Inc, Arm Infrastructure Private Limited, H2O.ai, Inc, Clarifi Inc, Enlitic Inc, Ayasdi Ai LLC, HyperVerge Inc, Iris AI (Pty) Ltd, Syneos Health, Inc and others.
Global Decision Intelligence Market Size study & Forecast, by Component (Platform, Solutions, Services) by Solutions (Integrated, Standalone), by Services (Consulting, Deployment and Integration, Support and Maintenance), by Deployment Mode (Cloud, On-Premises), by Organization size (Large Enterprises, SMEs), by Vertical (BFSI, Retail and e-commerce, Government and defense, Healthcare and Life Sciences, Manufacturing, Telecom, IT & ITeS, Energy and Utilities, Transportation and logistics, Other verticals) and Regional Analysis, 2022-2029
Key findings of the study suggest:
- Global Decision Intelligence Market is anticipated to grow with a healthy growth rate of more than 17.8% over the forecast period 2022-2029.
- In the Solutions segment, Integrated emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increased demand for data-driven decision-making solutions in the region.
- Europe is also expected to grow at higher rate during 2022-2029 owing to availability of cloud-based decision intelligence solutions is expanding, driving affordability and accessibility for businesses in the region.
Bizwit Research & Consulting has considered following segments for the study:
- Deployment and Integration
- Support and Maintenance
By Deployment Mode:
By Organization Size
- Large Enterprises
- Retail and e-commerce
- Government and defense
- Healthcare and Life Sciences
- IT &ITeS
- Energy and Utilities
- Transportation and logistics
- Other verticals
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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