Global Management Decision Market Report and Forecast 2024-2032

Global Management Decision Market Outlook

The global management decision market stood at a value of around USD 6.97 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 13.8% to reach USD 22.40 billion by 2032.

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Software Segment Predicted to Hold a Significant Market Share over the Forecast Period

Based on component, the software segment is predicted to hold a significant market share over the forecast period. This is due to the rise in the application of decision-making software among the companies, which deal with banking, financial services, and insurance into their business process systems. The rising demand for training and consulting owing to the growing need for expertise and low investment to upgrade decision management capabilities is expected to propel the segment growth.

North America Secured the Largest Market Share and is Anticipated to Retain its Dominance in the Management Decision Industry

Geographically, North America is predicted to dominate the management decision industry during the forecast period. North America has a high concentration of healthcare, IT and telecom, BFSI, and life sciences companies that extensively contribute to the utilisation of management decision solutions. Furthermore, in North American countries such as Canada and the US, organisations have invested and adopted emerging technologies, such as analytics, cloud platforms, and big data, which is expected to bode well for the management decision industry growth.

Management Decision: Market Segmentation

Management decision, also known as enterprise decision management (EDM), involves all aspects of building, designing, and automated decision-making systems that an organisation utilises to manage its interactions with employees, suppliers, and customers by making use of different tools such as business intelligence, artificial intelligence, predictive analytics, and continuous improvement, among others.

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By component, the industry can be segmented into:

• Software
• Services

Based on deployment model, the industry can be bifurcated into:

• On-Premise 
• Cloud

On the basis of function, the industry can be divided into:

• Credit Risk Management
• Customer Experience Management
• Compliance Management and Fraud Detection
• Pricing Optimisation
• Others

By organisation size, the industry can be segmented into:

• Small and Medium Sized Enterprises
• Large Enterprises

Based on industry vertical, the industry can be segmented into:

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

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rapidly Changing Industry and the Favourable Government Regulations to Bolster the Growth of the Global Management Decision Industry

The rapid technological advancements across different industry verticals are leading to an increase in demand for decision management solutions The management decision industry has been growing considerably for the last few years. The favourable government regulations across countries, rapidly changing industry, growing necessity to automate high volume decisions across the organisation, and growing competition between enterprises are expected to propel the growth of the global management decision industry. Moreover, new product launches by technology companies and a surge in spending on data and analytics are expected to offer new opportunities to the market in the coming years.

Key Industry Players in the Global Management Decision Market

The report gives a detailed analysis of the following key players in the global management decision market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ACTICO GmbH
• Experian Information Solutions, Inc.
• International Business Machines Corporation
• Oracle Corporation
• SAS Institute Inc.
• Fair Isaac Corporation
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report