Global DM Software (Decision-making Software) Market by Type (Cloud based, On premise), By Application (Large Enterprise, SMB) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global DM software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for decision-making software across different industries, such as large enterprises and SMBs. DM software helps organizations make better and faster decisions by providing them with actionable insights from data. Cloud-based DM software is expected to witness higher growth than on-premise DM software during the forecast period, owing to its advantages such as lower costs, scalability, and ease of use. North America is expected to lead the global DM software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.



Get Free Sample Report

Product Definition:

DM software (decision-making software) is a computer application that helps individuals or groups make decisions by organizing and analyzing information. The importance of DM software is that it can help individuals or groups make better, more informed decisions by providing them with the tools to collect and analyze data.

Cloud based:

Cloud-based decision making software is a type of software that helps organizations in making decisions. It provides an interactive environment where the users can make a choice and get immediate results. The factors such as growing demand for data transparency, increasing adoption of cloud technology by small and medium enterprises, rising need to manage business information are driving the growth of this market globally.

On premise:

On premise is a term used for software that is installed and operated on the customer's own computer. The DM software industry has been growing at an exponential rate over the last few years, owing to its increasing demand from decision-making companies across various industries. These industries include BFSI, government & public sector, manufacturing, telecom & ITES among others.

The primary function of any organization is to make decisions regarding its growth.

Application Insights:

The large enterprise application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth over the forecast period as this application type is widely adopted by large enterprises to manage complex decision-making processes. The need for managing multiple projects and tasks across different departments within an organization has become critical, especially in organizations where decisions have a major impact on various business processes or assets. Thus, these software are adopted by large enterprises as they offer a flexible approach to make decisions while handling complex situations with several options and scenarios through a single platform that can be easily customized as per specific requirements.

The SMB (small & medium-sized business) application segment is expected to register the highest CAGR of XX% from 2018 to 2030 owing to increasing adoption of these software among small businesses for various purposes including sales & marketing, product development and management, human resources (HR), finance & accounting).

Regional Analysis:

North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to early adoption of technologies and presence of major players. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing number of small & medium enterprises in countries such as China, India, and Japan. These enterprises are increasingly adopting software solutions for decision-making processes including critical path method (CPM), Pareto charting, scenario planning, and others. Moreover, these countries have a strong presence of IT companies offering software development services which will drive growth further.

Growth Factors:

Increasing demand for big data and analytics software
Rising number of internet users and growing penetration of smartphones and tablets
Proliferation of cloud-based solutions
Emergence of social media as a powerful business tool
Growing trend towards digitization


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
DM Software (Decision-making Software) Market Research Report
By Type
Cloud based, On premise
By Application
Large Enterprise, SMB
By Companies
SAP, Qlik, Information Builders, Parmenides, TIBCO Software, Riskturn, Paramount Decisions, Lumina Decision Systems, Ideyeah Solutions, GoldSim Technology Group, 1000Minds, Tribium Software, Palisade, Banxia Software, CampaignGO, Defense Group, Dataland Software
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.

Global DM Software (Decision-making Software) Market Report Segments:
The global DM Software (Decision-making Software) market is segmented on the basis of:
Types
Cloud based, On premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprise, SMB
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
SAP
Qlik
Information Builders
Parmenides
TIBCO Software
Riskturn
Paramount Decisions
Lumina Decision Systems
Ideyeah Solutions
GoldSim Technology Group
1000Minds
Tribium Software
Palisade
Banxia Software
CampaignGO
Defense Group
Dataland Software



Get Free Sample Report

Highlights of The DM Software (Decision-making Software) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud based
On premise
By Application:
Large Enterprise
SMB
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the DM Software (Decision-making Software) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?