Management Decision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Management Decision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global management decision market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 12.56% during 2022-2028.

Management decision is the process of streamlining and improving data-driven decisions of the organization by applying various tools, such as business intelligence (BI), artificial intelligence (AI) and advanced analytics. It is utilized by business managers to ensure optimal growth, consistency, precision and enhanced control over the decision strategies. It involves collecting, filtering, analyzing, processing and formulating the data and information and choosing the best alternative. Management decision aids in strengthening the organization, providing additional alternatives, generating information, improving acceptance and commitment. It is widely used across various industries, such as healthcare, retail, manufacturing, information technology (IT), telecommunication and banking, financial services and insurance (BFSI).

Management Decision Market Trends:
Significant growth in the BFSI industry across the globe is one of the key factors creating a positive outlook for the market. Management decision solutions are widely used by banks and other financial institutions for performing repetitive operations, such as critical credit, insurance claim and fraud detection management. Moreover, the widespread adoption of analysis-based digital decision services and solutions across departments and organizations for enhanced consistency, efficiency, productivity and transparency is providing a thrust to the market growth. Various technological advancements, such as the integration of big data, predictive analytics and business rules management solutions, are acting as other growth-inducing factors. These technologies are widely used for the processing and utilization of large amounts of data in real-time and the implementation of more accurate decisions. In line with this, the integration of artificial intelligence (AI) with multiple management decision solutions to analyze and provide critical insights, relevant information and automate processes are positively impacting the market growth. Other factors, including the rapid digitization of banking processes, along with the increasing number of small and medium-sized enterprises (SMEs), are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global management decision market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, function, organization size and industry vertical.

Breakup by Component:

Software
Services

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Function:

Credit Risk Management
Collection Management
Customer Experience Management
Fraud Detection Management
Pricing Optimization
Others

Breakup by Organization Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Industry Vertical:

BFSI
Manufacturing
Retail and E-Commerce
IT and Telecom
Healthcare
Government
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACTICO GmbH, Equifax Inc., Experian Information Solutions Inc. (Experian plc), Fair Isaac Corporation, International Business Machines Corporation, Oracle Corporation, Pegasystems Inc., Salesforce.com Inc., SAP SE, Sapiens International Corporation, SAS Institute Inc. and TIBCO Software Inc.

Key Questions Answered in This Report
1. What was the size of the global management decision market in 2022?
2. What is the expected growth rate of the global management decision market during 2023-2028?
3. What has been the impact of COVID-19 on the global management decision market?
4. What are the key factors driving the global management decision market?
5. What is the breakup of the global management decision market based on the component?
6. What is the breakup of the global management decision market based on the deployment mode?
7. What is the breakup of the global management decision market based on the function?
8. What is the breakup of the global management decision market based on the organization size?
9. What is the breakup of the global management decision market based on the industry vertical?
10. What are the key regions in the global management decision market?
11. Who are the key players/companies in the global management decision market?