Decision Management Global Market Report 2024

Description

Decision management encompasses the structured approach to identifying, automating, and refining decisions within an organization, aimed at enhancing operational efficiency, effectiveness, and uniformity. Leveraging data, analytics, and technology, decision management facilitates informed decision-making across diverse business domains. Its overarching objective is to streamline decision processes, bolster operational effectiveness, and leverage opportunities to align with strategic goals.

The primary deployment models for decision management systems are on-premise and cloud-based solutions. On-premise deployment involves installing and managing software or systems directly within the client's infrastructure, rather than relying on external hosting or cloud services. This approach caters to a wide range of enterprises, spanning small and medium-sized businesses to large corporations, and supports diverse functionalities such as data analytics, business process management, operations research, and robotics. Its application extends across various industries including automotive, banking and finance, healthcare, manufacturing, retail, telecommunications, and more.

The decision management market research report is one of a series of new reports from The Business Research Company that provides decision management market statistics, including decision management industry global market size, regional shares, competitors with a decision management market share, detailed decision management market segments, market trends and opportunities, and any further data you may need to thrive in the decision management industry. This decision management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The decision management market size has grown rapidly in recent years. It will grow from $5.66 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 19.5%. The growth observed in the historic period can be attributed to focus on customer experience management solutions, growing demand for Automation in decision processes, growing demand for Personalization in decision-making, growing importance of agility in decision processes, increasing migration to Cloud Computing solutions.

The decision management market size is expected to see rapid growth in the next few years. It will grow to $14.00 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. Anticipated growth in the forecast period is driven by several key factors. Firstly, there is a heightened focus on predictive analytics as organizations seek more accurate insights into future trends and outcomes. Additionally, the increasing integration of Internet of Things (IoT) data is expected to contribute to this growth, providing valuable data for decision-making processes.

The surge in demand for artificial intelligence (AI) is poised to propel the expansion of the decision management market. AI, emulating human intelligence processes, finds increasing utility owing to factors such as data proliferation, advancements in AI algorithms, heightened computing power, and growing awareness and education. Decision management, leveraging AI's capabilities, aims to streamline decision-making processes across diverse industries and applications. According to the IBM Global AI Adoption Index 2022 report released in May 2022, a poll encompassing 7,502 businesses revealed a notable uptick in AI integration, with more than a third of businesses (35%) reporting its use, marking a four-point increase from the previous year. Moreover, 42-64% of businesses were in the exploration phase, anticipating AI's potential to enhance business productivity and streamline job processes. In 2022, there was a 13% surge in the likelihood of organizations adopting AI compared to the preceding year, thereby propelling the growth of the decision management software market.

Prominent players in the decision management market are intensifying their focus on developing innovative tools, notably AI-assisted interactive decision management tools, to gain a competitive advantage. These tools leverage AI algorithms to aid users in making well-informed decisions. For instance, in March 2024, Sparkling Logic, a US-based software company, introduced AI Assistant, an interactive decision management tool integrated into its SMARTS business rules and decision management platform. AI Assistant, employing a large language model (LLM) form of generative AI, facilitates natural language interactions for tasks such as creating and modifying project assets such as data, decision flows, and business rules.

In March 2024, LatentView Analytics, an India-based software firm, finalized the acquisition of Decision Point Analytics. This strategic move aims to bolster LatentView's proficiency in areas such as data engineering, data science, data visualization, and revenue growth management solutions. By strengthening capabilities in these domains, the acquisition seeks to facilitate expansion into new markets, including Latin America. Decision Point Analytics, based in the US, specializes in analytics, big data solutions, and decision management services.

Major companies operating in the decision management market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Salesforce Inc., CGI Inc., Moodys Investors Service Inc, Equifax Inc., Experian plc, SAS Institute Inc., Pegasystems Inc., SAP SE, ACI Worldwide Inc., Fair Isaac Corporation, TIBCO Software Inc., Quantiphi Inc., Altair Engineering Inc., Sapiens International, Appian Corporation, Aible Inc., Meridian Link, Bosch Software Innovations GmbH, RapidMiner Inc., ACTICO GmbH, InRule Technology Inc., Neota Logic Inc.

North America was the largest region in the decision management market in 2023. The regions covered in the decision management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the decision management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The decision management market includes revenues earned by entities by providing services such as consultancy and advisory, software implementation and integration, customization and development of decision models, training and support, as well as ongoing maintenance and optimization services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Decision Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on decision management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for decision management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The decision management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Deployment: On-Premise; Cloud-Based
2) By Enterprise Type: Small And Medium Enterprises(SMEs); Large Enterprises
3) By Function: Data Analytics; Business Process And Rule Management; Operations Research; Robotics
4) By Industry: Automotive; Banking, Financial Services, And Insurance (BFSI); Healthcare; Manufacturing; Retail; Information Technology (IT) And Telecommunications; Other Industries
Companies Mentioned: Microsoft Corporation; International Business Machines Corporation; Oracle Corporation; Salesforce Inc.; CGI Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17533

1. Executive Summary

2. Decision Management Market Characteristics

3. Decision Management Market Trends And Strategies

4. Decision Management Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Decision Management Market Size and Growth

5.1. Global Decision Management Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Decision Management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Decision Management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Decision Management Market Segmentation

6.1. Global Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premise
Cloud-Based
6.2. Global Decision Management Market, Segmentation By Enterprise Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small And Medium Enterprises(SMEs)
Large Enterprises
6.3. Global Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Data Analytics
Business Process And Rule Management
Operations Research
Robotics
6.4. Global Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Banking, Financial Services, And Insurance (BFSI)
Healthcare
Manufacturing
Retail
Information Technology (IT) And Telecommunications
Other Industries

7. Decision Management Market Regional And Country Analysis

7.1. Global Decision Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Decision Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Decision Management Market

8.1. Asia-Pacific Decision Management Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Decision Management Market

9.1. China Decision Management Market Overview
9.2. China Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Decision Management Market

10.1. India Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Decision Management Market

11.1. Japan Decision Management Market Overview
11.2. Japan Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Decision Management Market

12.1. Australia Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Decision Management Market

13.1. Indonesia Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Decision Management Market

14.1. South Korea Decision Management Market Overview
14.2. South Korea Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Decision Management Market

15.1. Western Europe Decision Management Market Overview
15.2. Western Europe Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Decision Management Market

16.1. UK Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Decision Management Market

17.1. Germany Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Decision Management Market

18.1. France Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Decision Management Market

19.1. Italy Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Decision Management Market

20.1. Spain Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Decision Management Market

21.1. Eastern Europe Decision Management Market Overview
21.2. Eastern Europe Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Decision Management Market

22.1. Russia Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Decision Management Market

23.1. North America Decision Management Market Overview
23.2. North America Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Decision Management Market

24.1. USA Decision Management Market Overview
24.2. USA Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Decision Management Market

25.1. Canada Decision Management Market Overview
25.2. Canada Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Decision Management Market

26.1. South America Decision Management Market Overview
26.2. South America Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Decision Management Market

27.1. Brazil Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Decision Management Market

28.1. Middle East Decision Management Market Overview
28.2. Middle East Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Decision Management Market

29.1. Africa Decision Management Market Overview
29.2. Africa Decision Management Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Decision Management Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Decision Management Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Decision Management Market Competitive Landscape And Company Profiles

30.1. Decision Management Market Competitive Landscape
30.2. Decision Management Market Company Profiles
- 30.2.1. Microsoft Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. International Business Machines Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Oracle Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Salesforce Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. CGI Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Decision Management Market Other Major And Innovative Companies

31.1. Moodys Investors Service Inc
31.2. Equifax Inc.
31.3. Experian plc
31.4. SAS Institute Inc.
31.5. Pegasystems Inc.
31.6. SAP SE
31.7. ACI Worldwide Inc.
31.8. Fair Isaac Corporation
31.9. TIBCO Software Inc.
31.10. Quantiphi Inc.
31.11. Altair Engineering Inc.
31.12. Sapiens International
31.13. Appian Corporation
31.14. Aible Inc.
31.15. Meridian Link

32. Global Decision Management Market Competitive Benchmarking

33. Global Decision Management Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Decision Management Market

35. Decision Management Market Future Outlook and Potential Analysis

35.1 Decision Management Market In 2028 - Countries Offering Most New Opportunities
35.2 Decision Management Market In 2028 - Segments Offering Most New Opportunities
35.3 Decision Management Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer