About Decision Management Applications
Decision management applications decision-oriented evaluative software that help an enterprise to solve critical issues, manage and analyses vast knowledge, and delivers decisive results. Also, enterprises are using decision management applications for minimizing error and to get accurate results within a brief period of time. This application helps an organization maximize its profit and potency. According to the standard approach, call management used to be done manually without using any technical tools or applications.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Management decision solutions help keep track of data such as basic employee information, performance assessment, social security numbers, financials, and other data. The software’s ability to provide customized solutions considering the current workforce dynamics exhibits its high growth potential. The solution majorly helps an organization in fraud detection, risk management, pricing management, and marketing management. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Decision Management Applications market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), ACTICO (Germany), SAS Institute Inc (United States), Absolutdata Holdings, Inc (Singapore), Mu Sigma Inc. (India), Manthan Software Services Pvt. Ltd. (India), Salesforce.Com, Inc (United States), Larsen & Toubro Infotech (India), Processmaker (United States), Openrules (United States), Nimble, Inc (United States), Pipelinedeals, Inc. (United States), Sapiens International Corporation (Israel), Scorto, Inc. (United States) and Sparkling Logic (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Decision Management Applications market by Type (Analytical Management Application, Business Rule Management Application, Operational Optimisation Application, Testing Management Application, Workflow Management Application and Monitoring & Governance Application), Application (Business Research Management, Fraud Management, Regulatory Compliance Management, Accounting And Revenue Management, Human Resource Management, Credit Risk Management and Customer Management) and Region.
On the basis of geography, the market of Decision Management Applications has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises will boost the Decision Management Applications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Healthcare will boost the Decision Management Applications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of the Application
Market Growth Drivers:
A Growing Demand for Enterprise Resource Planning (ERP) Software, Rising Need to Improve Operational Efficiency and Increase In Adoption of Cloud-Based Deployment
Challenges:
Data Security Concerns and Lack Of Skilled Personnel
Restraints:
Incompatible Hardware and Equipment and High Cost of Deployment
Opportunities:
Technological Innovation in The Application
Market Leaders and their expansionary development strategies
In October 26, 2023. Cloud-based decision management leader Pegasystems acquires Orchestria, a leading provider of low-code decision automation platforms. This move strengthens Pegasystems' offerings in the low-code space and expands its reach into new markets.
On November 2, 2023. Leading analytics and decision management company FICO announces its agreement to acquire Experian's Decision Management Solutions business. This acquisition will enhance FICO's decision management capabilities and expand its reach in the financial services industry.
Key Target Audience
Providers of Decision Management Applications, Governmental and Regulatory bodies and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.