Market Research Future (MRFR) has published on the “Global Decision Intelligence Market”.
The Decision Intelligence Market is estimated to register a CAGR of 25.20% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Decision Intelligence Market— IBM(US), Oracle (US), Google (US), Intel (US), Microsoft (US), TCS(INDIA), DOMO(US), Board International (Switzerland), Provenir (New Jersey), and Pyramid Analytics (Netherlands).
Decision Intelligence Market Highlights
The global Decision Intelligence Market is accounted to register a CAGR of 25.20% during the forecast period and is estimated to reach USD 102.0 billion by 2032.
The growth of the decision intelligence market is primarily driven by advancements in big data technology for practical business intelligence and the emergence of machine learning (ML) and artificial intelligence (AI). These factors enable various sectors to effectively harness decision intelligence capabilities.
Segment Analysis
The global Decision Intelligence Market has been segmented based on Offering, Type, Business Function, and Verticals.
Based on the Offering, the market is segmented into Platforms, Solutions, and Services. The Solutions segment was attributed to holding the largest market share in 2023. Decision intelligence solutions equip organizations with the tools and technologies necessary to efficiently collect, analyze, and act upon data. These solutions are customized for various industries and applications, enabling businesses to make data-driven decisions, optimize operations, and maintain a competitive edge. As data-driven strategies become increasingly prioritized, the demand for these comprehensive solutions significantly contributes to the segment's dominant market share.
Based on the Type, the Decision Intelligence Market has been segmented into Decision Automation, Decision Augmentation, and Decision Support Systems. The Decision Automation segment was expected to hold the largest market share in 2023. Decision automation leads to cost savings and operational efficiencies by reducing manual intervention, minimizing errors, and optimizing resource allocation through data-driven insights. This approach aligns with business objectives aimed at enhancing productivity and profitability while ensuring accuracy and consistency in decision-making.
Based on the Business Function, the Decision Intelligence Market has been segmented into Marketing & Sales, Finance & Accounting, Human Resources, Operations, and Research & Development. The Human Resources segment was expected to hold the largest market share in 2023. Human Resources (HR) is experiencing substantial growth within the decision intelligence market due to advancements in analytics, AI-driven tools, and predictive modeling. Organizations are leveraging HR data for talent acquisition, retention, and workforce optimization using machine learning algorithms.
Based on the Verticals, the Decision Intelligence Market has been segmented into BFSI, Retail and eCommerce, Healthcare and Life Sciences, Telecommunications, Energy and Utilities, Manufacturing, Government, Defense, and Others. The Retail and e-commerce segment was expected to hold the largest market share in 2023. Decision Intelligence harnesses machine learning (ML) and advanced analytics to convert this data into actionable insights. Retailers can use Decision Intelligence for real-time personalization, optimizing product recommendations, and marketing campaigns. Additionally, Decision Intelligence supports data-driven inventory management, reducing stockouts and increasing efficiency. Furthermore, Decision Intelligence enhances fraud prevention efforts and optimizes supply chain logistics. In a competitive digital landscape, retailers increasingly view Decision Intelligence as essential for improving customer experience, boosting operational efficiency, and gaining a competitive edge.
Regional Analysis
The global Decision Intelligence Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Decision Intelligence Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Decision Intelligence Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Decision Intelligence Market comprises the Middle East, Africa, and Latin America.
The largest market share for the Decision Intelligence Market was maintained by the North American regional sector. The growth in the region is driven by extensive technology adoption across various industries in the U.S. and Canada. According to the 2022 Survey of Advanced Technology (SAT), 62.1% of enterprises in covered sectors have adopted advanced technologies. Leading sectors include utilities (80.5%), professional, scientific, and technical services (75.2%), finance and insurance (75.1%), and manufacturing (74.9%). Moreover, North America demonstrates strong expertise in AI-related R&D and has implemented supportive policies for sector development. Major vendors like IBM, Google, Microsoft, and others are increasing their investments to enhance product capabilities and bolster market expansion.
Moreover, the Europe market has been persistently growing over the forecast period. Western European countries like the UK, Germany, and France demonstrate robust adoption of decision intelligence, driven by their mature economies and strategic emphasis on digital transformation. The finance and healthcare sectors, in particular, derive significant benefits from these solutions, which help navigate regulatory compliance and enhance patient care. In 2022, Europe saw a 5% increase in foreign direct investment (FDI) projects in financial services, totaling 292 projects. The UK led this growth with 76 projects, marking a 17% increase from 2021 and highlighting its strong performance in the European market.
In the Asia-Pacific region, as economies around the world transform, businesses across diverse sectors are increasingly recognizing the importance of data-driven decision-making. This trend has led to a rising adoption of decision intelligence solutions. Moreover, countries within these regions are progressively embracing advanced technologies such as machine learning, AI, cloud computing, and big data analytics. These technologies play a crucial role in decision-making solutions, enabling organizations to effectively manage and analyze large volumes of data. Consequently, the expanding adoption of technology in the Asia Pacific region is driving market growth. For example, in November 2023, Quantexa established its Asia Pacific Headquarters in Singapore, underscoring its significant investment in delivering AI-powered Decision Intelligence solutions to government agencies and enterprises across the region.
Furthermore, the rest of the world's Decision Intelligence Market is divided into the Middle East, Africa, and Latin America. The expansion is driven by the rising presence of industries such as banking, logistics, and agriculture. This growth is fueled by an increasing number of companies utilizing business intelligence for tasks like fraud detection, crop management, and supply chain optimization. Meanwhile, the Middle East & Africa (MEA) market is anticipated to see significant growth in the coming years, propelled by heightened investments and government initiatives aimed at digitization.
Key Findings of the Study
- The global Decision Intelligence Market is expected to reach USD 102.0 billion by 2032, at a CAGR of 25.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because of the increasing investments in AI and analytics and the need for efficient decision-making in diverse industries.
- Based on Type, the Decision Automation segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%.
- IBM(US), Oracle (US), Google (US), Intel (US), Microsoft (US), TCS(INDIA), DOMO(US), Board International (Switzerland), Provenir (New Jersey), and Pyramid Analytics (Netherlands) are the key market players.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 128 |
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