Market Values: The Management Decision Market achieved a valuation of US$ 6.83 billion in 2022, with Software Components emerging as the dominant segment.
Report Scope: The comprehensive Management Decision Market report delves into all facets of decision management, encompassing the design, control, construction, and administration of automated decision-making systems. These systems play a pivotal role in an organization’s interactions with consumers, workforces, and suppliers. The evaluative software aids in managing and analyzing extensive data, delivering decisive results, and addressing critical challenges.
Research Methodology: To compile this report, a rigorous research methodology was employed. For more details on the methodology, please refer to the free sample report.
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Market Dynamics: The Management Decision Market is witnessing substantial growth, driven by the integration of Artificial Intelligence (AI) into decision management solutions. This incorporation leverages domain knowledge and human expertise to provide data-driven insights, supporting incremental revenue and profit. The market is propelled by the global need for faster operational decisions and enhanced business agility.
Organizations are adopting various marketing strategies to address market competition, such as the release of enhanced Decision Management Platforms with improved open Application Programming Interfaces (APIs), as demonstrated by Fair Isaac Corporation (FICO) in April 2021.
However, challenges include the high implementation cost of Management Decision applications and a shortage of skilled workers. Despite these hurdles, the increasing expenditure on analytics presents substantial opportunities for market growth.
Market Segment Analysis:
Regional Insights:
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Management Decision Market Segmentation:
by Component
Software
Services
by Deployment
Cloud
On-premise
Management Decision Market Key Players:
1. IBM
2. FICO
3. SAS
4. Oracle
5. Pega systems
6. Tibco Software
7. Sapiens International Corporation Experian
8. Equifax
9. Actico
10. Parmenides
11. Sparkling Logic
12. Decision Management Solutions
13. Open Rules
14. TIBCO
15. Experian
16. Fair Isaac Corporation
17. Salesforce.com, Inc.
18. Manthan Software Services Pvt. Ltd.
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Table of content for the Management Decision Market includes:
Key Offerings:
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