Market Overview

Management Decisions: Global Market Outlook (2018-2022) - A $6.18 Billion Market Opportunity - Increase in Need for Business Agility and Faster Operational Decisions - ResearchAndMarkets.com

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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"

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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.

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.

Companies Featured

  • Actico
  • Decision Management Solutions
  • Equifax
  • Experian
  • FICO
  • IBM
  • OpenRules
  • Oracle
  • Parmenides
  • Pegasystems
  • SAS
  • Sapiens International Corporation
  • Sparkling Logic
  • Tibco Software

For more information about this report visit https://www.researchandmarkets.com/research/2td6gh/management?w=4

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