Management decision market is projected to reach $11,647.00 million by 2027 with a leading market players - Tibco Software, Fair Isaac Corporation, Salesforce.com, Inc., IBM Corporation, SAS Institute Inc

The global management decision market garnered $4.13 billion in 2019, and is estimated to reach $11.64 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.

The global management decision market was led by the North America in 2019, and is projected to maintain its dominance during the forecast period. The dominance of the region is due to rapid adoption of latest technologies in countries such as the U.S. and Canada along with surge in investment in the emerging technologies, which includes big data, analytics, and cloud platforms.

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Rise in demand of decision management solutions due to increasing critical data and complex business situation, and growing requirement to automate high-volume decisions across the enterprises drive the global management decision market.

Based on region, North America accounted for the highest share based on revenue, holding for nearly two-fifths of the global management decision market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed to rapid adoption of latest technologies in countries such as the U.S. and Canada and surge in investment in emerging technologies such as big data, analytics, and cloud platforms. However, Asia-Pacific is estimated to generate the fastest CAGR of 17.0% from 2020 to 2027. This is due to rise in commercial investments by several companies in developing countries such as China and India.

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Based on deployment model, the on-premise segment contributed to the highest market share with nearly three-fifths of the global management decision market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to high adoption of on-premise management decision software among the heavily regulated industries. However, the cloud-based segment is estimated to generate the fastest CAGR of 14.6% from 2020 to 2027. This is attributed to growing investment in cloud applications.

Based on component, the software segment accounted for more than three-fifths of the global management decision market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to increase in integration of decision-making software among the organizations, which deals with banking, financial services, & insurance into their business process systems. However, the services segment is estimated to portray the highest CAGR of 15.4% from 2020 to 2027. Growing demand for training & consulting services by considering the necessity of low investment and increase in the demand for expertise to improve decision management capabilities drives the growth of the segment.

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Some of the key management decision industry players profiled in the report include Tibco Software, Fair Isaac Corporation, Salesforce.com, Inc., IBM Corporation, SAS Institute Inc., Oracle Corporation, Manthan Software Services Pvt. Ltd., Sapiens International, ACTICO GmbH., and Experian Information Solutions, Inc. This study includes management decision market trends, management decision market analysis, and future estimations to determine the imminent investment pockets.

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