Management Decision Market Major Factors with Key Players 2020 | IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation, TIBCO Software Inc

Management decision is the process of improving decision making by using all available information to increase precision, consistency, and agility of decisions and making good choices taking known risks and time constraints into consideration. It is a process, or a set of processes used to improve and streamline action items. It makes use of different tools such as business rules, business intelligence, continuous improvement, artificial intelligence, and predictive analytics. It treats decisions as reusable assets and introduces technology at decision point to automate decision-making process. This decision may be fully automated or presented as possible choices for a human to select. Organizations which are dealing in financial services, banking, and insurance are integrating this software into their business process systems as well as their customer facing applications, which provides a significant growth to the management decision market growth.

Growth in need for faster operational decisions and rapid change in regulations across countries are the major factors that drive the growth of the management decision market. In addition, acceleration of return on investment for organizations fuel the growth of the market. However, resistance from the middle management to adopt management decision software hampers the market growth. Furthermore, adoption of big data and cloud computing in management decision software and increase in investments on analytics are anticipated to provide major opportunities in the market.

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The management decision market is segmented into component, deployment mode, organization size, application, industry vertical, and region. In terms of component, it is bifurcated into solution and services. By deployment mode, it is segmented into on-premise and cloud. As per organization size, it is bifurcated into large enterprises and small & medium enterprises. By application, it is divided into synthetic collection management, customer experience management, fraud detection management, pricing optimization, credit risk management, and others. As per industry vertical, it is categorized into BFSI, retail & agriculture, IT & telecom, education, healthcare and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the management decision market analysis IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation, TIBCO Software Inc., Sapiens International., Pegasystems Inc., Sparkling Logic, Experian Information Solutions, Inc. and Equifax, Inc. Current and future market trends are outlined to determine the overall attractiveness of the market.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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