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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Model |
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| Breakup by Function |
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| Breakup by Organisation Size |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global management decision market attained a value of nearly USD 6.97 billion.
The market is projected to grow at a CAGR of 13.8% between 2024 and 2032.
The major market drivers include the increasing necessity to automate high volume decisions in organisations, new product launches, rising deployment of decision-making software in companies, and a surge in spending on data and analytics by various organisation.
The rising competition between enterprises, rapid technological advancements, and favourable government regulations across countries are the key trends guiding the market.
The major regions in the management decision market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Software and services are the various components of robotics technology.
On-premise and cloud are the major deployment models considered in the market report.
Credit risk management, customer experience management, compliance management and fraud detection, and pricing optimisation, among others, are the significant segments based on function of management detection included in the market report.
Small and medium sized enterprises and large enterprises are the different organisation sizes considered in the market report.
BFSI, IT and telecom, retail and e-commerce, healthcare, manufacturing, energy and utilities, government, and automotive, among others, are the several industry verticals of management detection.
The major players in the market are ACTICO GmbH, Experian Information Solutions, Inc., International Business Machines Corporation, Oracle Corporation, SAS Institute Inc., and Fair Isaac Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124