According to the latest report by IMARC Group, titled “Management Decision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global management decision market reached a value of US$ 5.2 Billion in 2021. Management decision refers to the process of making streamlined and data-driven enterprise decisions. It involves the utilization of advanced tools, such as advanced analytics, artificial intelligence (AI) and business intelligence (BI), for collecting, filtering, analyzing, processing and formulating information. Management decision solutions provide enhanced control, automate value-added services to the organizations, ensure compliance and aid in improving the overall customer experience. They are widely used across various industries, such as banking, financial services and insurance (BFSI), healthcare, information technology (IT), energy and telecommunication.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global management decision market is primarily being driven by significant growth in the BFSI industry. Management decision solutions are widely used for detecting frauds and managing insurance claims and critical loans. Moreover, various technological advancements, such as the launch of mobile banking (m-banking) applications, and digital communication solutions for real-time updates and information gathering, are favoring the market growth. Other factors, including the integration of artificial intelligence (AI), big data, predictive analytics and business rules management solutions, along with increasing demand for cloud-based enterprise resource planning (ERP) software in the manufacturing industry, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2027, exhibiting at a CAGR of 12.8% during 2022-2027.
Competitive Landscape:
- 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.
- TIBCO Software Inc.
Key Market Segmentation:
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:
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
