Management Decision Market by Component (Software and Services), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), Industry Vertical (BFSI, IT & Telecom, Manufacturing, Retail & Consumer Goods, Government, Healthcare, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026906 | Pages: 100 | Industry: Technology, Media and Telecommunications | Date: Oct 2022 | Type: Global

The management decision market crossed US$ 5.08 billion mark in 2022 and is expected to hit US$ 11.88 billion by 2030, recording a CAGR of 11.2% during the forecast period.

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The adoption of services is anticipated to grow significantly in the management decision market forecast period.

The services segment in the management decision market is expected to grow at a higher CAGR. This is attributed to the fact that there is a huge deployment & integration, support & maintenance, and consulting services involved in this offering which further ensures smooth functioning of business decision management software solutions. Furthermore, companies implementing management decision software demand for an active support from skilled professionals in order to minimize their software downtime during the pre-and post-installation of solutions. Moreover, this services segment aims at providing the support needed to increase the efficiency of business processes, boost enterprise growth, and reduce unwanted IT expenses in the business operations. These factors, as a result promoting the growth of services segment in the market.

Within the report, the market is segmented into component, deployment mode, enterprise size, industry vertical, and geography. By component, the market is bifurcated into software and services. The deployment mode segment is divided into on-premise and cloud. By enterprise the management decision market is segmented into large enterprises and small & medium-sized enterprises. On the basis of industry verticals, the management decision market is segregated into BFSI, IT & telecom, manufacturing, retail & consumer goods, government, healthcare, and others.  Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Surge in need towards improving the quality of decision and further achieve business agility propels the growth of management decision market.

There is a huge number of complicated decisions need to be made every day across several business verticals and therefore, there is a continues demand for management decisions software in the market. In addition, business decision management software helps in solving problems associated with repeated decisions and further allows managers & other decision-makers to rely on a system that provides better efficiency. Furthermore, companies generally engage in a continual process to make improvements in their existing operations, therefore a decision management system makes a company more agile as it makes business units adapt the decision-making logic. This, therefore eliminates the need for associated complex approval processes and dedicated IT projects.

Automation and intelligence decisioning.

Several organizations are automating key operational decisions and other repeatable decisions involved in the daily business operations.  Moreover, automated business decision-making provides a substantial competitive advantage for companies operating in the market. In addition, automation also helps the system to process data more accurately and concisely, which further enhances decision-making process depending on the previous knowledge and insights about the taken decision. Intelligence, design, choice, and implementation is the major process for the automation and intelligence decisioning adopted by several organizations in the market. These factors, as a result becoming major trends in the market.

Recent strategic developments in management decision market

The management decision market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2021, Oracle has announced to add support across Oracle Fusion Cloud Payroll, which is a part of Oracle Fusion Cloud Human Capital Management (HCM). In addition, this new offering is planned to help make payments to workers faster and easier across local and multinational companies.
  • In January 2021, FICO which is a data analytics company has announced the partnership with with Yapi Kredi, which one of the largest private banks in Turkey. This partnership aims at seamlessly conducting smarter analytics & data pipelines, and to further enhance AI/machine learning lifecycle management.
  • In June 2021, Slovenská sporiteľňa, which is one of the largest commercial banks in Slovakia, announced a partnership with FICO. In addition, the partnership aims at increasing the profitability & improve its cash loan portfolio management.

The management decision market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ACTICO GmbH, Equifax Inc., Experian plc, Fair Isaac Corporation, IBM, Oracle, Pegasystems Inc., Inc., SAP SE, SAS Institute Inc., and others, are among the prominent players operating in the market.

Target audience for the report:

  • Managed service providers
  • Management decision software providers
  • Technology-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of Management decision
  • Research institutes, organizations, and consulting companies

 Scope of the report:

In this report, the market has been segmented on the basis of:

  • Component
    • Software
    • Services
  • Deployment Mode
    • On-premise
    • Cloud
  • Enterprises Size
    • Large Enterprises
    • Small & Medium-sized Enterprises
  • Industry Vertical
    • BFSI
    • IT & Telecom
    • Manufacturing
    • Retail & Consumer Goods
    • Government
    • Healthcare
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Salesforce
    • IBM
    • Oracle
    • Experian plc
    • ACTICO
    • GmbH

The List of Companies
- Salesforce
- Oracle
- Experian plc

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