Management Decision Market Report by Component (Software, Services), Deployment Mode (On-premises, Cloud-based), Function (Credit Risk Management, Collection Management, Customer Experience Management, Fraud Detection Management, Pricing Optimization, and Others), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Industry Vertical (BFSI, Manufacturing, Retail and E-Commerce, IT and Telecom, Healthcare, Government, and Others), and Region 2024-2032
The global management decision market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.4 Billion by 2032, exhibiting a growth rate (CAGR) of 10.9% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.7 Billion
Market Forecast in 2032
US$ 17.4 Billion
Market Growth Rate (2024-2032)
10.9%
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 2024-2032. Our report has categorized the market based on component, deployment mode, function, organization size and industry vertical.
Breakup by Component:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
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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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Component, Deployment Mode, Function, Organization Size, Industry Vertical, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global management decision market was valued at US$ 6.7 Billion in 2023.
We expect the global management decision market to exhibit a CAGR of 10.9% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of analysis-based digital decision services and solutions for an enhanced consistency, efficiency, productivity, and transparency across numerous organizations, during the remote working scenario.
The rising integration of AI with multiple management decision solutions for analyzing and providing critical insights, relevant information, and automate processes, is primarily driving the global management decision market.
Based on the component, the global management decision market can be segmented into software and services, where software currently holds the majority of the total market share.
Based on the deployment mode, the global management decision market has been divided into on-premises and cloud-based. Currently, on-premises currently exhibit a clear dominance in the market.
Based on the function, the global management decision market can be categorized into credit risk management, collection management, customer experience management, fraud detection management, pricing optimization, and others. Among these, credit risk management currently accounts for the majority of the global market share.
Based on the organization size, the global management decision market has been segregated into small and medium-sized enterprises and large enterprises. Currently, large enterprises hold the largest market share.
Based on the industry vertical, the global management decision market can be bifurcated into BFSI, manufacturing, retail and E-Commerce, IT and telecom, healthcare, government, and others. Among these, the BFSI industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global management decision market include 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.
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