Management Decision Market by Component, Deployment, End-Use Industry

List of Tables

[187 Pages Report] The Management Decision Market size was estimated at USD 7.67 billion in 2023 and expected to reach USD 8.79 billion in 2024, at a CAGR 15.12% to reach USD 20.55 billion by 2030.

Management decision involves evaluating the pros and cons of various choices and choosing the best option to achieve a desired outcome. It is the arena where businesses interact with their customers and competitors, offering products and services that cater to specific needs and demands. The increasing demand for effective decisions in enterprises for automated and faster operational decisions is growing the need for management decision systems. However, information overloading issues of management decisions and lack of skilled personnel hamper the growth of the management decision market. Furthermore, new product innovations, expansions into untapped markets, and strategic partnerships are expected to generate lucrative opportunities for the management decision market.

KEY MARKET STATISTICS
Base Year [2023]	USD 7.67 billion
Estimated Year [2024]	USD 8.79 billion
Forecast Year [2030]	USD 20.55 billion
CAGR (%)	15.12%

Component: Increasing need for management decision services in organizations to optimize business processes

Services encompass various offerings to assist businesses in managing their processes, resources, and technology infrastructure. The software category includes diverse solutions such as enterprise resource planning (ERP) software, customer relationship management (CRM) systems, human resources management systems (HRMS), and specialized industry-specific applications. Enterprises select software based on functionality, integration capabilities, customization options, ease of use, scalability, and cost-effectiveness.

Deployment: Wide adoption of cloud deployments owing to its rapid implementation and cost-effectiveness

Cloud deployment refers to hosting software, applications, and services on a remote server that can be accessed via the Internet. Cloud deployment allows for rapid implementation and easy resource allocation adjustments in business. On the other hand, an on-premises deployment refers to hosting software and applications within an organization's own data center or physical infrastructure. This model suits businesses with strict regulations or those handling sensitive data. Government, healthcare, and financial services industries commonly prefer on-premises solutions.

End-Use Industry: Increasing penetration of management decision services in IT and telecom industry for network optimization

The need for automation in the BFSI sector has increased exponentially to improve patient outcomes, reduce costs, increase efficiency in operations, and enhance data security. AI-powered solutions are being increasingly adopted for diagnostics support, such as image recognition, to detect anomalies faster than manual processes. In the IT and telecom industry segment, management decisions are adopted for network optimization and seamless connectivity across devices while maintaining security measures for businesses. Manufacturing companies are focusing on enhancing production efficiency, reducing operational costs, and increasing the overall quality of their products. Retailers are prioritizing personalized experiences for customers through targeted marketing strategies by leveraging customer data analysis while streamlining supply chain operations.

Regional Insights

The managed decision market in the Americas is rapidly growing owing to the rise of social commerce and mobile payments with increasing deployment of data-driven decisions among enterprises. In the European Union (EU), digital transformation trends, increasing preference for online transactions over traditional brick-and-mortar stores across various sectors such as retail, healthcare, and entertainment, and increase in e-commerce penetration rates have accelerated the demand for managed decision solutions to ensure agility and consistency in business operations. The Asia-Pacific region has experienced rapid growth in recent years, leading to increased urbanization and consumer spending across various industries. The region has embraced digital transformation, with e-commerce giants shaping consumer behavior. The retail landscape in the Asia-Pacific is advancing through the integration of technologies, including AI-powered recommendation systems and contactless payments, which has led to improved use of managed decisions to enhance customer experiences.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Management Decision Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Management Decision Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Management Decision Market, highlighting leading vendors and their innovative profiles. These include 1000minds, Actico Gmbh, Decision Management Solutions, Experian Information Solutions, Inc., Fair Isaac Corporation, FlexRule Pty Ltd, International Business Machines Corporation, Manthan Software Services Pvt. Ltd., nRule Technology Inc, Oracle Corporation, Pegasystems Inc., Sapiens International, Sas Institute Inc., Tibco by Cloud Software Group, Inc., and XpertRule Software Ltd..

Market Segmentation & Coverage

This research report categorizes the Management Decision Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
  - Consulting
  - Deployment & Integration
  - Support & Maintenance

Software

Deployment
- On-Cloud
- On-Premises

End-Use Industry
- BFSI
- Healthcare
- IT & Telecom
- Manufacturing
- Retail

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Management Decision Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Management Decision Market?

3. What are the technology trends and regulatory frameworks in the Management Decision Market?

4. What is the market share of the leading vendors in the Management Decision Market?

5. Which modes and strategic moves are suitable for entering the Management Decision Market?

Product Code: MRR-2131A4086C94

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Demand for effective decisions to bring agility and consistency in enterprises
  - 5.1.1.2. Increased emphasis on data-driven business decision
  - 5.1.1.3. Rising need for automated and faster operational decisions
- 5.1.2. Restraints
  - 5.1.2.1. Information overload and overemphasize decision making
- 5.1.3. Opportunities
  - 5.1.3.1. Advent of autonomous and intelligent decision
  - 5.1.3.2. Increasing firm's investment in business automation
- 5.1.4. Challenges
  - 5.1.4.1. Lack of availability of skilled personnel and limited awareness
5.2. Market Segmentation Analysis
- 5.2.1. Component: Increasing need for management decision services in organizations to optimize business processes
- 5.2.2. Deployment: Wide adoption of cloud deployments owing to its rapid implementation and cost-effectiveness
- 5.2.3. End-Use Industry: Increasing penetration of management decision services in IT and telecom industry for network optimization
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Management Decision Market, by Component

6.1. Introduction
6.2. Services
6.3. Software

7. Management Decision Market, by Deployment

7.1. Introduction
7.2. On-Cloud
7.3. On-Premises

8. Management Decision Market, by End-Use Industry

8.1. Introduction
8.2. BFSI
8.3. Healthcare
8.4. IT & Telecom
8.5. Manufacturing
8.6. Retail

9. Americas Management Decision Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Management Decision Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Management Decision Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Introducing MeetingCulture.ai from Decisions: Bringing enterprise-grade AI to meetings
- 12.3.2. Asana Launches Prediction-Based AI Tools to Improve Decision Making
- 12.3.3. Pyramid Analytics and Profit Software Partner to Bring Decision Intelligence, the Next Wave in Analytics and BI (ABI) to the Nordics
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio