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Management Decision Market Worth 6.18 Billion USD by 2022
[March 15, 2018]

Management Decision Market Worth 6.18 Billion USD by 2022


PUNE, India, March 15, 2018 /PRNewswire/ --

According to a new market research report "Management Decision Market by Software, Service, Deployment Type, Function (Credit Risk Management, Collection Management, Customer Experience Management), Organization Size, Industry, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 3.09 billion in 2017 to USD 6.18 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period.

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Browse 67 market data Tables and 41 Figures spread through 136 Pages and in-depth TOC on "Management Decision Market"

https://www.marketsandmarkets.com/Market-Reports/management-decision-market-21799742.html

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Increase in need for business agility and faster operational decisions is the major driver of the Management Decision Market growth. Moreover, it is increasingly important for enterprises to adhere to increasing government compliance, and accelerate return on investment for organizations, which drive the Management Decision Market growth.

Rapid adoption of management decision software, owing to robust and well-established economies, is expected to make North America the largest regional market. 

In the US and Canada, organizations have rapidly adopted and invested in the emerging technologies, such as analytics, big data, and cloud platforms. North America has the first-mover advantage of adopting new technologies, such as big data and cloud platforms. Moreover, there has been an increasing demand among enterprises to automate business decision-making process and increase productivity in the region. Several companies willingly invest in North America due to presence of numerous large enterprises in the region. The factors driving the growth of the Management Decision Market in North America are stable economy, technology enhncements, and optimized infrastructure costs.



The BFSI segment is expected to account for the largest market size during the forecast period  

The Banking, Financial Services, and Insurance (BFSI) segment includes commercial banks, insurance companies, non-banking financial companies, stock brokerage firms, and payment gateway providers. This industry deals with critical financial data and credit risks; hence, it is a good contributor in the Management Decision Market. Owing to the continuous changes in the competitive environment, companies need to enhance their operational efficiencies. Hence, management decision software empowers financial institutions to automate their business decision-making process to enhance the operational efficiencies of an organization. Furthermore, growing need to deal with increasing number of recurring operation decisions daily is expected to drive the demand for management decision software.


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The large enterprises segment is expected to gain a larger market share during the forecast period. 

Organizations with more than 1,000 employees are categorized as large enterprises. Large enterprises have their customers across various regions and account for high market shares, technical expertise, and effective business strategies. This large enterprise expected to invest in new and latest technologies to run their business effectively. The market size of the Management Decision Market is larger in the large enterprises segment. Moreover, adoption of management decision software in large enterprises has become an integral part of these large-scale organizations to sustain in the competitive market.  Furthermore, large enterprises prefer implementing software and services that are expected to assist them in increasing their profits.

The major vendors in the Management Decision Market include FICO (US), SAS (US), TIBCO (US), Oracle (US), IBM (US), Sapiens (Israel), Experian (Ireland), ACTICO (Germany), Pegasystems (US), Equifax (US), Parmenides (Germany), Decision Management Solutions (US), and Sparkling Logic (US).

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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SOURCE MarketsandMarkets


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