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The management decision market size is projected to grow from USD 6.2 billion in 2023 to USD 11.4 billion by 2028, at a CAGR of 13.0% during the forecast period. An increasing online consumer base with the growing adoption of smartphones will fuel the demand for management decisions. The compelling need to manage regulatory and compliance standards will increase the demand for management decision software and services. Decision management software helps organizations meet government agencies' standards, rules, and regulations. Organizations must comply with labor laws, file financial reports, and maintain regulatory compliance, among other business functions.

Major Management Decision Companies Include

•  IBM (US)
• FICO (US)
• SAS (US)
• Oracle (US)
• Pegasystems (US)
• TIBCO Software (US)

Various globally established players, such as IBM (US), FICO (US), SAS (US), Oracle (US), Pegasystems (US), TIBCO Software (US), Sapiens International Corporation (Israel), are dominating the management decision market. To increase their market share in the management decision market, these competitors have used a variety of growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

To know about the assumptions considered for the study download the pdf brochure

IBM offers IBM Cloud Pak for Business Automation and IBM Operational Decision Manager (ODM) in the management decision market. IBM ODM combines decision-making and change detection tools to provide a business rule management system that is easy to evolve, trace, audit, and test. In November 2022, IBM launched IBM Business Analytics Enterprise, a software solution that helps enterprises overcome data and analytics silos. The suite offers business intelligence, planning, budgeting, reporting, forecasting, and dashboard capabilities, enabling users to make data-driven decisions and navigate disruptions effectively. It provides a comprehensive view of data sources across the organization, facilitating informed decision-making and enhancing overall business performance.

SAS is a business analytics and business intelligence software, solutions, and services provider. The company offers SAS Decision Manager, SAS Intelligent Decisioning, and SAS Real-Time Decision Manager in the management decision market. In February 2023, SAS Decision Manager 5.2, integrated with SAS Viya 3.4, introduced several new features and enhancements to enhance decision-making capabilities. Users can now utilize data grid variables within rules, providing greater flexibility in decision logic. Custom DS2 code files can be added and edited directly in decisions, enabling users to leverage custom code. The integration of analytic store models allows users to include them in decisions and publish them to various platforms like SAS Cloud Analytic Services, Apache Hadoop, SAS Micro Analytic Service, and Teradata.

FICO (Fair Isaac Corporation): FICO is an American data analytics company headquartered in Bozeman, Montana. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, FICO is best known for its FICO Score, a widely used credit scoring model that assesses credit risk for individuals. Beyond credit scoring, FICO provides a range of analytics software and tools for businesses to make data-driven decisions in areas such as fraud detection, risk management, and customer engagement. The company's solutions are used by financial institutions, insurance companies, and other organizations to optimize operations and enhance decision-making processes.

Oracle Corporation: Oracle is a multinational technology company headquartered in Austin, Texas. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle is renowned for its database software, cloud engineering systems, and enterprise software products. The company offers a comprehensive suite of cloud applications, platform services, and engineered systems, which help businesses manage and analyze data, streamline operations, and improve performance. Oracle's flagship product, the Oracle Database, is widely used across industries for data management and processing. Additionally, Oracle provides cloud infrastructure services through Oracle Cloud, making it a key player in the technology and cloud computing sectors.

TIBCO Software Inc.: TIBCO Software Inc. is an American company specializing in integration, API management, and analytics software. Headquartered in Palo Alto, California, TIBCO provides a range of solutions that help businesses connect disparate systems, manage APIs, and analyze data in real-time. The company's products support digital transformation initiatives by enabling organizations to integrate data and processes across cloud and on-premises environments. TIBCO's technology is widely used in industries such as finance, telecommunications, healthcare, and retail to improve operational efficiency, customer engagement, and decision-making capabilities.

Related Reports:

Management Decision Market by Offering, Vertical (BFSI, Retail & Consumer Goods, Telecom, IT & ITeS, Healthcare & Lifesciences, Manufacturing, Government, Transportation & Logistics, Energy & Utilities), Application and Region - Global Forecast to 2028