The global management decision market size was US$ 4.93 billion in 2021. The global management decision market size is forecast to reach US$ 14.95 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.2% during the forecast period from 2022 to 2030.

Management Decision (MD) is also called enterprise decision management (EDM) or business decision management (BDM). In the context of managing customer, employee, and supplier interactions, it includes all aspects of designing, developing, and managing automated decision-making systems. The use of technology at decision points results in automated decision-making. Decisions become reusable assets. There is the possibility of fully automated decisions, or human decisions may present possible alternatives. Organizations in the financial services, banking, and insurance sectors are increasingly integrating decision-making software into their customer-facing applications as well as their business process systems.

Factors Influencing Market Growth

• A number of factors are driving the global management decision market, including the rapid changes to government and industry regulations across countries, a growing need for decision management solutions driven by increasing critical data volumes and complex business environments, and an increased need to automate high-volume decisions across organizations to improve agility, consistency, and accuracy.
• A surge in spending on analytics and ongoing product launches in the decision management market are forecast to drive the global market in the coming years.
• The lack of skilled professionals with sufficient knowledge and the overwhelming amount of information among enterprises may slow down the overall market's growth in the forecast period.

Impact Analysis of COVID-19

The COVID-19 pandemic had a positive influence on the management decision market. As a result of the COVID-19 pandemic and the proliferation of remote work environments, businesses face new challenges. Companies in the various sectors need to implement digital technologies to improve their quality of decision making, create consistency, and utilize management decision software solutions and services in order to better support tactical and strategic decisions within organizations as a result of the COVID-19 pandemic.

Regional Insights

North America held the highest share in 2021. Companies in North America are embracing and investing in emerging technologies like big data, analytics, and cloud platforms. U.S. companies are increasingly focusing on advanced analytics. Decision Management Systems embed analytical insight into their operational decisions. In addition, a number of factors, such as the presence of large companies and increased demand from organizations to automate corporate decision-making processes to boost productivity, are driving the expansion of the management decision market.

Asia-pacific is forecast to grow at a high rate in the market during the forecast period. Various corporations have increased their commercial investments in developing nations such as China and India. Furthermore, a strong economy and continued expansion of the services sector are encouraging businesses to invest heavily in management software to maintain growth and productivity.

Leading Competitors

The leading prominent companies profiled in the global management decision market are:

• Actico GmbH
• Experian Information Solutions, Incorporated
• Fair Isaac Corporation
• International Business Machines Corporation
• Manthan Software Services Pvt. Limited
• Oracle Corporation
• Salesforce.Com, Incorporated
• Sapiens International
• Sas Institute Incorporated
• Tibco Software Incorporated
• Other Prominent Players

Scope of the Report

The global management decision market segmentation focuses on Component, Vertical, Deployment Mode, Function, and Region.

Segmentation based on Component

• Software
• Services
  • Deployment and Integration
  • Support and Maintenance
  • Consulting

Segmentation based on Vertical

• Credit risk management
• Collection management
• Customer experience management
• Fraud detection management
• Pricing Optimization
• Others

Segmentation based on Deployment Mode

• On-Premises
• Cloud

Segmentation based on Function

• BFSI
• IT and Telecom
• Manufacturing
• Retail and Consumer Goods
• Government
• Healthcare and Life Sciences
• Energy and Utilities
• Transportation and Logistics
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America