The “Management Decision Market – Growth, Trends and Forecasts (2020-2025)” report was added to ResearchAndMarkets.com offer.
The management decisions market is expected to register a CAGR of 15.26% over the forecast period of 2020 to 2025.
Companies mentioned
- IBM Company
- Oracle Corporation
- SAS Institute Inc.
- TIBCO Software Inc.
- FICO (Fair Isaac Corporation)
- Pegasystems Inc.
- SAP SE
- Actico GmbH
- Sapiens International Company
- Equifax, Inc.
- Scorto, Inc.
- Experian Information Solutions, Inc.
- Sparkling Logic, Inc.
- InRule Technology, Inc.
- DMC Dubai (Decision Management Consultants)
Key market trends
BSFI is expected to hold a significant
Even in the digital world, a variety of businesses must meet the requirements of risk management and compliance. The finance and insurance industries are particularly affected by credit risk assessment, fraud detection, anti-money laundering and digital insurance claims processing, which are only a small part selection of typical decision management use cases. Business decision solutions provide the methods and technologies to completely digitize the corresponding controls and calculations, store them centrally, and execute them consistently and automatically across all business systems and processes. Financial transactions must be audit-proof, and transparency and traceability are central aspects of management decision solutions.
Digital transformation and mobile banking have dramatically changed the communication between customers and businesses. Instead of static mass communication, customers want frequent updates based on their specific needs and situation. Whether for services or product information, customers expect digital channels to offer the same level of personalization that is available with their trusted banking advisors. ING Germany, a Dutch multinational banking and financial services company, has opted for a combination of predictive analytics, big data and business rule management to implement the next best customer action requirements. Predictive analytics ensures that the right database is selected. Big Data enables the processing and use of large amounts of data in real time, and business rule management decisions to select and control optimal content.
North America is expected to hold a significant share
The North American region is home to the presence of important players such as Oracle Corporation, IBM Corporation, and SAS Institute, Inc., to name a few. The emergence of robust management decision models has prompted different types of organizations in the North American region to opt for solutions for supply chain optimization, customer management, debt collection, debt collection, fraud and financial inclusion. For example, in 2019, Procter & Gamble (P&G), an American multinational consumer goods company, optimized its consumer product transitions using a business decision solution, saving millions of dollars and enabling it reduce the time spent planning initiatives. Supply chain innovation has increased analytical efficiency by 90%, reducing weekly analysis time to less than five minutes.
In April 2020, FICO announced the 2019 winners of the FICO Decisions Awards, which recognize organizations that have achieved remarkable success using FICO management decision solutions where a significant number of North American companies have been awarded. For example, BNSF Railway, one of the largest freight railways in North America, has optimized its management of affected train crews, allowing it to significantly reduce operating costs while complying with all union, industry and company regulations. Discover’s PULSE network, one of the leading debit / ATM networks in the United States, has dramatically improved its fraud detection, stopping 30% more fraud, increasing the value detection rate by 40% and improving the rate. false positives of 25%.
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Main topics covered:
1. INTRODUCTION
1.1 Hypotheses of the study and market definition
1.2 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Market overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.3 Assessment of the impact of COVID-19
5 MARKET DYNAMICS
5.1 Market drivers
5.1.1 Growing need for business agility which requires faster and more efficient decision-making
5.2 Market restrictions
5.2.1 High monetary cost involved for implementation
6 MARKET SEGMENTATION
6.1 By component
6.1.1 Software
6.1.2 Services
6.2 By type of deployment
6.2.1 On site
6.2.2 Cloud
6.3 By End User Industry
6.3.1 BFSI
6.3.2 IT and Telecom
6.3.3 Health care
6.3.4 Retail
6.3.5 Manufacturing
6.3.6 Other end-user industries
6.4 Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
7.1 Company profiles
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information on this report, visit https://www.researchandmarkets.com/r/jxnrqn
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210126005659/en/
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