HOME Research Insight FICO (US) and IBM (US) are the Key Players in the Management Decision Market

FICO (US) and IBM (US) are the Key Players in the Management Decision Market

Management decision has been adopted by several companies across the globe to counter the growing need for faster operational decisions and business agility. The increasing adoption of management decision software helps organizations adhere to increasing government compliance and accelerate return on investment for organizations, which are driving the management decision market growth. The strategic partnership is an important growth strategy adopted by the key market players to develop new services and gain traction in the management decision market. MarketsandMarkets expects the management decision market to grow from USD 3.09 Billion in 2017 to USD 6.18 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period.

The major vendors of the management decision market include FICO (US), SAS (US), TIBCO (US), Oracle (US), IBM (US), Sapiens (Israel), Experian (Ireland), ACTICO (Germany), Pegasystems (US), Equifax (US), Parmenides (Germany), Decision Management Solutions (US), and Sparkling Logic (US). These players have adopted various growth strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to grow in the management decision market.

FICO (US), with a significant presence in the market, has aspired to become the top market provider of management decision solutions by focusing on decision management software. In April 2016, FICO launched Decision Central, a management decision solution, which enabled businesses to improve their performance by taking decisions that could be modified and improved over time. In July 2017, FICO opened its new office in Florida to serve its Latin American and Caribbean customers.

IBM (US) is another top player in the management decision market. In the management decision market, the company offers its flagship product, named IBM Operational Decision Manager (ODM), with various deployment options and finest features to keep its customers satisfied in the ever-competitive market. In July 2017, IBM partnered with Automation Anywhere, a leading vendor in robotic process automation. This partnership enabled IBM to enhance its digital automation product portfolio. IBM offerings for automation of business processes has helped enhance the decision-making capabilities of its customers.

Related Reports:

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

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