Decision Intelligence Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to decision intelligence market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Decision Intelligence Market News

  • In March 2024, IBM launched a new Decision Intelligence platform in March 2024. This platform combines advanced AI solutions with business analytics tools that help North American companies optimize the decision-making process based on real-time insights into trends and patterns present in data.
  • In 2023, Digital Science & Research Solutions acquired metaphacts, which is a software company that operates in the knowledge graphs & decision intelligence domain. The acquisition was finalised in May 2023.
  • In October 2022, Pyramid Analytics created a new business practice designed to cater to the specific needs of the U.S. federal government. Pyramid endeavours to further expand its reach and enhance its position as the go-to provider of decision intelligence solutions for the U.S. Federal Government market segment.

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Decision Intelligence Market size was valued at USD 14.8 Billion in 2023 and is poised to grow from USD 17.15 Billion in 2024 to USD 48.19 Billion by 2032, growing at a CAGR of 15.90% during the forecast period (2025-2032).

The decision intelligence ecosystem is a broad, interconnected group of entities that together facilitate the smooth flow of machine and device communication via satellite. Consisting of a wide range of types of entities offering a diverse set of end-to-end services and solutions specifically aimed at ensuring swift and universal communication, the decision intelligence ecosystem includes solution/services/platform providers, end users, and regularity bodies. Being a concise type with well-established companies, as well as new, up-and-coming members, the market is dense with key industry players focused on acquiring and merging other market specialists. The method allows obtaining new products and services, incorporating top-notch technologies, and expanding the range of available end users. 'IBM ', 'Oracle ', 'Google (Alphabet) ', 'Amazon Web Services (AWS) ', 'Microsoft ', 'SAP SE ', 'SAS Institute ', 'FICO (Fair Isaac Corporation) ', 'H2O.ai ', 'DataRobot ', 'TIBCO Software ', 'Domo ', 'Aible ', 'KNIME ', 'Tableau Software (Salesforce) ', 'Altair Engineering '

Decision intelligence is an emerging discipline, which concept surrounds the idea of leveraging such technologies, structured methodologies as well as the expertise of humans in order to improve the decision-making process within businesses. The advantage of implementing such advanced analytic capabilities within the sphere of decision-making and operational workflows adds up to significant and positive outcomes. As time passes by, the market of decision intelligence only grows due to the growing investments into artificial intelligence and Internet-of-Things technologies and continuous improvement of technologies, which generate business insights.

Growing Adoption of Predictive Analytics: Predictive analytics uses both current and historical data to predict future results and trends. Predictive trends provide companies with a powerful advantage over their rivals as organizations can use accurate predictions made based on the data, seize opportunities and avoid risks. More companies are using predictive analysis for data-driven decisions and strategies which are expected to augment the decision intelligence market demand.

The market was dominated by North America in 2023, and it held the largest demand share of the overall revenue owing to the presence of many enhanced R&D capabilities provided by this region’s developed economies, research institutes, and many prominent Al enterprises in the field. The rising investment in innovative technology to enhance customer experience and corporate operations is expected to provide beneficial growth chances. Moreover, the region has immense experience in Al R&D and has recently invested in Al-related technology. Additionally, several policies have been implemented to help develop this field.

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Global Decision Intelligence Market
Decision Intelligence Market

Report ID: SQMIG45C2083

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