Management Decision Market to Reach $11.64 Bn, Globally, by 2027 at 13.7% CAGR: Allied Market Research

Rise in demand of decision management solutions due to increasing critical data and complex business situation, and growing requirement to automate high-volume decisions across the enterprises drive the global management decision market.

News provided by

Allied Market Research

Sep 21, 2020, 09:00 ET

PORTLAND, Ore., Sept. 21, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Management Decision Market by Component (Software and Services), Deployment Model (On-premise and Cloud), Function (Credit Risk Management, Customer Experience Management, Compliance Management & Fraud Detection, Pricing Optimization, and Others), Organization Size (Small & Medium Sized Enterprises and Large Enterprises), and Industry Vertical (BFSI, IT and Telecom, Retail and E-commerce, Healthcare, Manufacturing, Energy and Utilities, Government, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global management decision market garnered $4.13 billion in 2019, and is estimated to reach $11.64 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.

Drivers, restraints, and opportunities

Rapidly changing government and industry regulations across countries, rise in demand of decision management solutions, and growing requirement to automate high-volume decisions across the enterprises drive the growth of the global management decision market. However, lack of availability of skilled personnel with sufficient knowledge hinders the market growth. On the other hand, ongoing partnership & product launches as well as increase in spending on analytics are anticipated to offer new opportunities in the coming years.

Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/5992

Covid-19 Scenario

The demand for the management decision making software has been increased due to consistently changing working strategies during COVID 19 outbreak. .
In addition, the market has witnessed increase demand due to surge in the requirement to automate high-volume decisions across the enterprises to improve consistency, and accuracy during remote working.

The software segment to maintain its lead status

Based on component, the software segment accounted for more than three-fifths of the global management decision market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to increase in integration of decision-making software among the organizations, which deals with banking, financial services, & insurance into their business process systems. However, the services segment is estimated to portray the highest CAGR of 15.4% from 2020 to 2027. Growing demand for training & consulting services by considering the necessity of low investment and increase in the demand for expertise to improve decision management capabilities drives the growth of the segment.

Get detailed COVID-19 impact analysis on the management decision market: https://www.alliedmarketresearch.com/request-for-customization/5992

The on-premise segment to maintain its leadership position

Based on deployment model, the on-premise segment contributed to the highest market share with nearly three-fifths of the global management decision market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to high adoption of on-premise management decision software among the heavily regulated industries. However, the cloud-based segment is estimated to generate the fastest CAGR of 14.6% from 2020 to 2027. This is attributed to growing investment in cloud applications.

North America is anticipated to dominate the market by 2027

Based on region, North America accounted for the highest share based on revenue, holding for nearly two-fifths of the global management decision market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed to rapid adoption of latest technologies in countries such as the U.S. and Canada and surge in investment in the emerging technologies such as big data, analytics, and cloud platforms. However, Asia-Pacific is estimated to generate the fastest CAGR of 17.0% from 2020 to 2027. This is due to rise in commercial investments by several companies in the developing countries such as China and India

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5992

Leading market players

Tibco Software
Fair Isaac Corporation
Salesforce.com, Inc.
IBM Corporation
SAS Institute Inc.
Oracle Corporation
Manthan Software Services Pvt. Ltd.
Sapiens International
ACTICO GmbH.
Experian Information Solutions, Inc.

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Artificial Intelligence Software Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Cloud Analytics Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Cognitive Media Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter