According to the latest report by IMARC Group, titled “Management Decision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the study provides a detailed analysis of the industry, including the global management decision market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Management Decision Market?
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 12.4% during 2023-2028.
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What is Management Decision?
Management decision is the method of selecting the best course of action from several alternatives to achieve organizational goals, considering various factors, such as cost, time, and available resources. It uses various tools, such as artificial intelligence (AI), business intelligence (BI), and advanced analytics, to streamline and improve data-driven decisions. It helps increase the efficiency and productivity of the organization by reducing waste and optimizing resources. It also helps improve the quality of decisions, ensuring that the right decisions are made at the right time, due to which management decision is witnessing a considerable demand across the manufacturing, information technology (IT), healthcare, retail, telecommunication, and banking, financial services and insurance (BFSI) industries.
Management Decision Market Trends:
The global management decision market is primarily bolstered by the increasing complexity of business operations. Moreover, the growing importance of risk management and the surging number of small and medium-sized enterprises (SMEs) are accelerating the market growth. Besides, the rising use of data analytics and increasing demand for cloud-based solutions are providing an impetus to the market growth. Other factors, such as the rapid digitization of banking processes and the escalating demand for analysis-based digital decision services and solutions across departments and organizations, are creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
- ACTICO GmbH
- Equifax Inc.
- Experian Information Solutions Inc
- (Experian plc)
- Fair Isaac Corporation
- International Business Machines Corporation
- Oracle Corporation
- Pegasystems Inc.
- com Inc.
- SAP SE
- Sapiens International Corporation
- SAS Institute Inc.
- TIBCO Software Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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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.
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