Decision Management Market Size, Share, and Analysis, By Component (Software and Services), By Deployment Type (On-premise and Cloud), By Function (Credit risk management, Collection management, Customer experience management, Fraud detection management, Pricing Optimization, and Others), By End-User Industry (BFSI, IT and Telecom, Retail and E-commerce, Healthcare, Manufacturing, Energy and Utilities, Government, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Decision Management Market Size, Share, and Analysis, By Component (Software and Services), By Deployment Type (On-premise and Cloud), By Function (Credit risk management, Collection management, Customer experience management, Fraud detection management, Pricing Optimization, and Others), By End-User Industry (BFSI, IT and Telecom, Retail and E-commerce, Healthcare, Manufacturing, Energy and Utilities, Government, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Decision Management Market is projected to grow at a CAGR of 19.3% in the forecast period (2024-2034), with the market size valued at USD 7.8 billion in 2023 and expected to reach USD 39.6 billion by 2034.
Decision management is a systematic approach to creating, optimizing, and executing decisions within an organization. It combines data analytics and business principles to improve decision-making across multiple operations. This approach aims to enhance the consistency and efficiency of decision processes by utilizing technology, data analysis, and human expertise. Its main objective is to simplify complex decision-making by breaking it down into manageable components. Decision models, algorithms, and predictive analytics are frequently used in decision management systems to automate recurrent decisions, enabling organizations to rely on data-driven decisions and adapt their strategies in response to evolving circumstances. Furthermore, decision management facilitates informed and timely decisions, resulting in enhanced business performance.
MARKET HIGHLIGHTS
The Decision Management Market is projected to grow at a CAGR of 19.3% during the forecast period (2024-2034), with the market size expected to reach USD 39.6 billion by 2034. This growth is driven by increasing digitization across industries, leading to rising demand for smooth and reliable decision-making operations. Organizations are adopting decision management solutions to improve resource allocation, enhance customer interactions, and increase operational flexibility. The incorporation of AI and machine learning functionalities within decision management systems enables advanced and predictive decision-making capabilities. Additionally, cloud-based services are gaining popularity for their scalability and remote accessibility. The market expansion is further fueled by the surge in demand for decision support systems and the need to comply with regulations, swiftly adopted by industries recognizing the value of data-driven decisions.
Decision Management Market Segments:
- By Component
- Software
- Services
- By Deployment Type
- On-premise
- Cloud
- By Function
- Credit risk management
- Collection management
- Customer experience management
- Fraud detection management
- Pricing Optimization
- Others
- By End-User Industry
- BFSI
- IT and Telecom
- Retail and E-commerce
- Healthcare
- Manufacturing
- Energy and Utilities
- Government
- Automotive
- Others
Growth Drivers
Growing Infrastructure Development Encourages Industry Expansion
Increased Focus on Operational Effectiveness Promotes Market Growth
Restraint
Data Integrity and Quality Challenges May Limit Market Expansion
Key Players
- IBM Corporation
- SAS Institute Inc.
- Oracle Corporation
- SAP SE
- FICO (Fair Isaac Corporation)
- TIBCO Software Inc.
- Pegasystems Inc.
- Experian Information Solutions, Inc.
- OpenText Corporation
- Sapiens International Corporation
- Red Hat, Inc. (part of IBM)
- Software AG
- ACTICO GmbH
- Sparkling Logic, Inc.
- Equifax Inc.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2. Business Trends
- 1.3. Decision Management Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2. Decision Management Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Decision Management Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2. COVID-19 overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1. Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4. Market Restraints
- 7.5. Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1. Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10. Decision Management Market
- 10.1. Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Decision Management Market Size & Forecast 2024A-2034F
- 11.1. Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Component
- 11.3.1.1. Software
- 11.3.1.1.1. By Value (USD Million) 2024-2034F
- 11.3.1.1.2. Market Share (%) 2024-2034F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.1.2. Services
- 11.3.1.2.1. By Value (USD Million) 2024-2034F
- 11.3.1.2.2. Market Share (%) 2024-2034F
- 11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.2. By Deployment Type
- 11.3.2.1. On-Premises
- 11.3.2.1.1. By Value (USD Million) 2024-2034F
- 11.3.2.1.2. Market Share (%) 2024-2034F
- 11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.2.2. Cloud
- 11.3.2.2.1. By Value (USD Million) 2024-2034F
- 11.3.2.2.2. Market Share (%) 2024-2034F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3. By Function
- 11.3.3.1. Credit Risk Management
- 11.3.3.1.1. By Value (USD Million) 2024-2034F
- 11.3.3.1.2. Market Share (%) 2024-2034F
- 11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.2. Collection Management
- 11.3.3.2.1. By Value (USD Million) 2024-2034F
- 11.3.3.2.2. Market Share (%) 2024-2034F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.3. Customer Experience Management
- 11.3.3.3.1. By Value (USD Million) 2024-2034F
- 11.3.3.3.2. Market Share (%) 2024-2034F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.4. Pricing Optimization
- 11.3.3.4.1. By Value (USD Million) 2024-2034F
- 11.3.3.4.2. Market Share (%) 2024-2034F
- 11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.5. Fraud Detection Management
- 11.3.3.5.1. By Value (USD Million) 2024-2034F
- 11.3.3.5.2. Market Share (%) 2024-2034F
- 11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.6. Others
- 11.3.3.6.1. By Value (USD Million) 2024-2034F
- 11.3.3.6.2. Market Share (%) 2024-2034F
- 11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.6.4.
- 11.3.4. By End-User
- 11.3.4.1. BFSI
- 11.3.4.1.1. By Value (USD Million) 2024-2034F
- 11.3.4.1.2. Market Share (%) 2024-2034F
- 11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.2. IT and Telecom
- 11.3.4.2.1. By Value (USD Million) 2024-2034F
- 11.3.4.2.2. Market Share (%) 2024-2034F
- 11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.3. Retail and E-Commerce
- 11.3.4.3.1. By Value (USD Million) 2024-2034F
- 11.3.4.3.2. Market Share (%) 2024-2034F
- 11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.4. Healthcare
- 11.3.4.4.1. By Value (USD Million) 2024-2034F
- 11.3.4.4.2. Market Share (%) 2024-2034F
- 11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.5. Manufacturing
- 11.3.4.5.1. By Value (USD Million) 2024-2034F
- 11.3.4.5.2. Market Share (%) 2024-2034F
- 11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.6. Energy & Utilities
- 11.3.4.6.1. By Value (USD Million) 2024-2034F
- 11.3.4.6.2. Market Share (%) 2024-2034F
- 11.3.4.6.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.7. Government
- 11.3.4.7.1. By Value (USD Million) 2024-2034F
- 11.3.4.7.2. Market Share (%) 2024-2034F
- 11.3.4.7.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.8. Automotives
- 11.3.4.8.1. By Value (USD Million) 2024-2034F
- 11.3.4.8.2. Market Share (%) 2024-2034F
- 11.3.4.8.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.4.8.4.
- 11.3.4.9. Others
- 11.3.4.9.1. By Value (USD Million) 2024-2034F
- 11.3.4.9.2. Market Share (%) 2024-2034F
- 11.3.4.9.3. Y-o-Y Growth (%) 2024-2034F
- 12. North America Decision Management Market Size & Forecast 2024A-2034F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Component
- 12.3.2. By Deployment Type
- 12.3.3. By Function
- 12.3.4. By End-User Industry
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13. Europe Decision Management Market Size & Forecast 2024A-2034F
- 13.1. Overview
- 13.2. Key Findings
- 13.2.1. By Component
- 13.2.2. By Deployment Type
- 13.2.3. By Function
- 13.2.4. By End-User Industry
- 13.3. Country
- 13.3.1. Germany
- 13.3.2. United Kingdom
- 13.3.3. France
- 13.3.4. Italy
- 13.3.5. Spain
- 13.3.6. Russia
- 13.3.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia-Pacific Decision Management Market Size & Forecast 2024A-2034F
- 14.1. Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Component
- 14.3.2. By Deployment Type
- 14.3.3. By Function
- 14.3.4. By End-User Industry
- 14.4. Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Decision Management Market Size & Forecast 2024A-2034F
- 15.1. Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Component
- 15.3.2. By Deployment Type
- 15.3.3. By Function
- 15.3.4. By End-User Industry
- 15.4. Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Decision Management Market Size & Forecast 2024A-2034F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Component
- 16.3.2. By Deployment Type
- 16.3.3. By Function
- 16.3.4. By End-User Industry
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. IBM Corporation
- 18.1.1. Company Overview
- 18.1.2. Financial Overview
- 18.1.3. Key Product; Analysis
- 18.1.4. Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. SAS Institute Inc.
- 18.3. Oracle Corporation
- 18.4. SAP SE
- 18.5. FICO (Fair Isaac Corporation)
- 18.6. TIBCO Software Inc.
- 18.7. Pegasystems Inc.
- 18.8. Experian Information Solutions, Inc.
- 18.9. OpenText Corporation
- 18.10. Sapiens International Corporation
- 18.11. Red Hat, Inc. (part of IBM)
- 18.12. Software AG
- 18.13. ACTICO GmbH
- 18.14. Sparkling Logic, Inc.
- 18.15. Equifax Inc.
- 18.16. Other Prominent Players
- 19. Appendix
- 20. Consultant Recommendation
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