About Management Decision Solutions
Businesses have acquired a competitive advantage over the last few decades by automating business operations. ERP, SCM, and CRM have spawned new businesses and ecosystems. Automation has reached the stage where it is no longer a competitive advantage. Decision optimization will be the next wave of differentiation. A smart decision system is at the heart of decision optimization. Business rules, prediction models, and optimization are all part of a decision system. Business rules codify a company's best practises and accumulated human expertise over time. Predictive models employ statistics and mathematical algorithms to suggest the optimal course of action at any given moment. The best result is achieved by optimization, which uses constraint-based programming or mathematical programming approaches that were first used in operations research.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Management Decision Solutions 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.
TIBCO Software, Inc. (United States), Oracle Corporation (United States), FICO (United States), SAS (United States), IBM Corporation (United States), Sapiens International (Israel), Experian PLC (Ireland), Parmenides AG (Germany), Decision Management Solutions (United States), OpenRules, Inc. (United States) and Sparkling Logic, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ACTICO GmbH (Germany), Pegasystems Inc. (United States) and Equifax Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Management Decision Solutions market by , Application (Credit Risk Management, Collection Management, Customer Experience Management, Fraud Detection Management, Pricing Optimization and Others) and Region.
On the basis of geography, the market of Management Decision Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 End Use, the sub-segment i.e. BFSI will boost the Management Decision Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premises will boost the Management Decision Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Scale, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Management Decision Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Management Decision Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration with Machine Learning programs across the AI-based Platforms
Market Growth Drivers:
Demand for Managerial Efficiency Across Different Functional Levels, Digitization across Various segments Promoting Data extraction Opportunities and Enhanced Regulatory Compliance Through MDS
Challenges:
Fierce Competitive Pressure and Shift from Traditional Approach to Software based Platform
Restraints:
Concerns Regarding Data Leakage and Cyber Theft
Opportunities:
Low Implementation in Small and Medium Enterprises Across the Globe and Increasing Number of Business Enterprises and Startups
Market Leaders and their expansionary development strategies
In March 2024, LatentView Analytics has Acquired of Decision Point Analytics. Strategic acquisition presents LatentView with compelling growth with a GenAI product and Revenue Growth Management solutions for global CPG brands
On 2nd March, 2021 - CalAmp Launched New Fleet Management Experience to Accelerate the Speed of Smart Decision Making with Data Insights. The New Offering Features Redesigned User Interface Streamlines Track and Trace Visualizations and Magnifies Mission-Critical Insights to Increase Fleet Efficiency, Cost-Savings and Safety.
Key Target Audience
Management Decision Solutions Developers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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.