DUBLIN--(BUSINESS WIRE)--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" report has been added to ResearchAndMarkets.com's offering.
The management decision market size is expected to grow from US$3.09 billion in 2017 to US$6.18 billion by 2022, at a CAGR of 14.9% during the forecast period.
The growth in the need for faster operational decisions and business agility, adherence to the increasing government compliance, and acceleration of return on investment for organizations are expected to drive the growth of Management decision market. The major factor that restricts market growth is the resistance of middle management to adopt management decision software.
The credit risk management function is estimated to dominate the management decision market in 2017. These functions have been in high demand in the highly regulated industry, such as BFSI and retail and consumer goods, where the companies use management decision to optimize and automate the operational and tactical decision-making process. The credit risk management helps companies to minimize compliance risk, improve business operations, and streamline workflow processes.
The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. The increased competitive market scenario has encouraged SMEs to invest in management decision software to make effective decisions for their business growth due to the dearth of an in-house resource in SMEs.
As opposed to the large enterprises, SMEs face resource crunch and require methods to solve the complexities for better cost optimization of their assets and requirements. Cloud-based management decision solutions enable SMEs to streamline the business operational decision-making process and enhance business productivity. Owing to the limited budget, SMEs prefer cloud-based solutions over on-premises solutions, and this adoption trend is expected to accelerate in the forthcoming years, enabling the cloud deployment type to have a considerable market size during the forecast period.
North America is estimated to account for the largest market share in 2017, while APAC is expected to grow at the highest CAGR.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Management Decision Market, By Component
7 Market By Function
8 Management Decision Market, By Deployment Type
9 Market By Organization Size
10 Management Decision Market, By Industry
11 Management Decision Market, By Region
12 Competitive Landscape
13 Company Profiles
- Decision Management Solutions
- Sapiens International Corporation
- Sparkling Logic
- Tibco Software
For more information about this report visit https://www.researchandmarkets.com/research/bwqn3v/management?w=4