Global Management Decision Market Size, Share and Trends Analysis, By Component (Software and Services), By Deployment Model (On-Premise and Cloud), By Function (Credit Risk Management, Customer Experience Management, Compliance Management and Fraud Detection, Pricing Optimization, and Others), By Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), By Industry Vertical (BFSI, IT and Telecom, Retail and E-commerce, Healthcare, Manufacturing, Energy and Utilities, Government, Automotive, and Others), Forecast (2022-2028)

The global management decision market is expected to grow at a CAGR of 13.5% during the forecast period. Management decision making is the process of improving decision making by using all available information to increase decision precision, consistency, and agility, as well as making good choices while taking known risks and time constraints. It is a method or set of methods for improving and streamlining action items. It employs a variety of tools, including business rules, business intelligence, continuous improvement, artificial intelligence, and predictive analytics. It views decisions as reusable assets and implements technology at the decision point to automate the decision-making process. This decision could be fully automated or presented as a set of options for a human to choose from. Management decision software is specifically designed for business managers to provide them more control over the organization’s decision-making strategies.

On-premise segment has witnessed potential share in the market owing to the widespread use of on-premise management decision software in highly regulated industries where storing sensitive data in a public cloud environment is prohibited. As the majority of cloud-based software operates in a public cloud environment, businesses with these constraints use on-premise management decision software. However, the cloud-based segment is expected to grow at the fastest rate during the  forecast period owing to increased demand for cloud settings by small and medium enterprises and large enterprises owing to high scalability and cost-effectiveness.

Factors such as rapidly changing government and industry regulations across countries, growing demand for decision management solutions owing to increasing critical data and complex business situations, and increasing requirement to automate high-volume decisions across enterprises to bring agility, consistency, and accuracy are expected to fuel the market growth. Furthermore, ongoing partnerships and product launches in the market, as well as an increase in analytics spending, are expected to drive market growth during the forecast period. However, a lack of skilled professionals are expected to restrict the market growth during the forecast period. To deal with the market intense competition, major players are employing a variety of marketing strategies. Product launch is one of the most well-known strategies adopted by the market players. For instance, FICO released the most recent version of its decision management platform (DMP) in April 2019, which includes improved open application programming interfaces (APIs) that allow other software vendors and customers to extend the platform with complementary capabilities or connect it to other enterprise systems such as CRM or ERP.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Component
  • By Deployment Model
  • By Function
  • By Organization Size
  • By Industry Vertical
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- com, Inc., IBM Corp., andOracle Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Management Decision Market Report by Segment

By Component

• Software
• Services

By Deployment Model

• On-Premise
• Cloud

By Function

• Credit Risk Management
• Customer Experience Management
• Compliance Management
• Fraud Detection
• Pricing Optimization
• Others

By Organization Size

• Small and Medium-Sized Enterprises
• Large Enterprises

By Industry Vertical

• BFSI
• IT and Telecom
• Retail and E-commerce
• Healthcare
• Manufacturing
• Energy and Utilities
• Government
• Automotive
• Others

Global Management Decision Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle-East and Africa