Management Decision Market - Global Forecast to 2022
DUBLIN, April 4, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The management decision market 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, owing to the increase in need for business agility and faster operational decisions.
In addition, the rapidly changing regulations across countries are expected to contribute to the growth of the market. Moreover, enterprises consider management decision as an important part of their decision-making processes to improve operational efficiency of the organizations.
Rapidly changing competitive scenarios have encouraged enterprises to adopt management decision solutions to improve the operational efficiencies. The Banking, Financial Services, and Insurance (BFSI) companies deal with critical credit management and need to effectively manage collection management and fraud detection management for its day to day financial operations. Increasing number of repeatable operation decisions daily is expected to drive the demand for management decision software in the BFSI vertical. These are some of the key aspects that have contributed to the large adoption of management decision solutions by the BFSI industry. The BFSI industry has been a major contributor, in terms of the revenue generated, in the management decision market.
The credit risk management segment is estimated to dominate the management decision market in 2017. Credit risk management is an important process as it directly impacts the revenue management of an organization. Management decision software assists lending institutions, banks, and other enterprises in making a critical decision related to credit risk by offering benefits, such as minimizing compliance risks, enhancing business responsiveness, and streamlining workflow processes.
Management Decision Market
North America is estimated to account for the largest market size and dominate the management decision market in 2017, while Europe is expected to reach the largest market size by 2022. North America has a high concentration of BFSI, telecom and IT, and healthcare and life sciences companies that largely contribute to the adoption of management decision solutions. However, the Asia Pacific (APAC) region is expected to provide high growth opportunities for the providers of management decision software. This is attributed to the increasing commercial investments by several companies in developing countries.
The major software and service providers 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), OpenRules (US), and Sparkling Logic (US). These players have adopted various growth strategies, such as new product launches, product upgradations, and partnerships with technology companies to maintain their position in the global market.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Research Assumptions and Limitations
2.4 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in Management Decision Market
4.2 Market By Component
4.3 Market By Deployment Type
4.4 Market By Function
4.5 Market By Organization Size
4.6 Market Top 3 Industries and Regions
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Need for Business Agility
5.2.1.2 Growing Need for Faster Operational Decisions
5.2.1.3 Compliance With Government and Industry Regulations
5.2.1.4 Accelerated Roi in Organizations
5.2.2 Restraints
5.2.2.1 Resistance of the Middle Management to Adopt Management Decision Software
5.2.3 Opportunities
5.2.3.1 Big Data and Cloud to Provide Efficiency in the Management Decision Software
5.2.3.2 Increased Spending on Analytics
5.2.4 Challenges
5.2.4.1 Managing Cultural Changes
5.3 Management Decision Market: Use Cases
6 Management Decision Market, By Component
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Deployment and Integration
6.3.2 Support and Maintenance
6.3.3 Consulting
7 Market By Function
7.1 Introduction
7.2 Collection Management
7.3 Customer Experience Management
7.4 Fraud Detection Management
7.5 Pricing Optimization
7.6 Credit Risk Management
7.7 Others
8 Management Decision Market, By Deployment Type
8.1 Introduction
8.2 Cloud
8.3 On-Premises
9 Market By Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises
10 Management Decision Market, By Industry
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Retail and Consumer Goods
10.4 Telecom and IT
10.5 Healthcare and Life Sciences
10.6 Manufacturing
10.7 Government
10.8 Transportation and Logistics
10.9 Energy and Utilities
10.10 Others
11 Management Decision Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking
12.3 Competitive Scenario
13 Company Profiles
13.1 IBM
13.2 FICO
13.3 SAS
13.4 Oracle
13.5 Pegasystems
13.6 Tibco Software
13.7 Sapiens International Corporation
13.8 Experian
13.9 Equifax
13.10 Actico
13.11 Key Innovators
13.11.1 Parmenides
13.11.2 Sparkling Logic
13.11.3 Decision Management Solutions
13.11.4 OpenRules
For more information about this report visit https://www.researchandmarkets.com/research/nrfs3t/management?w=5
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