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Initially, human instinct was assumed to often result in the right and good decisions; however, there were numerous cases where gut-driven human decisions were wrong. The decision support systems (DSS) uses organizational information systems to analyze data and strengthen their decision-making. A DSS is an information system used to support business activities and corporate decision-making processes. The process is fundamentally depending on the database and supportable information. Therefore, with the increasing adoption of big data and data-driven business software, DSS solution demand has also escalated. The DSS software can analyze and assess which of several alternatives offered the best business return. They combine useful information from raw data, documents, business models, and personal knowledge to find and solve business problems. Over time, with the enhancements in computer capabilities, this decision support systems approach expanded to include sophisticated software that allows users to evaluate various scenarios' business outcomes. Thus, decision support systems are gaining much popularity worldwide.
DSSs help in the planning and management of complex business operations. It also helps in making decisions with the problems that can be rapidly changing. So, In today's competitive business landscape, comprehensive DSS software has become indispensable. DSSs can be standalone or integrated business software that helps vendors improve the reliability, quality of work and speed up the decision process.
Organizations have massively started adopting enterprise information systems that support business processes. This factor would be positively impacting market growth. Integration of DSS with the business process management software is further propels the demand for a decision support system. Advanced hardware/software infrastructure, a favorable business climate, and substantial computing resources are the key factors that drive global market growth. The growing popularity of cloud-based software further accelerating the demand for cloud and hybrid SaaS model of DSS. Many businesses have started adopting DSS software to support immediate business needs and yield a forthcoming competitive advantage. Therefore, the decision support system software market would likely to experience unprecedented growth during the forecast period.
Key Market Driver -
• Rising proliferation of the big data accelerate the market growth • Increasing adoption of data-driven business software to boost the adoption
Key Market Restraint -
• Lack of awareness and skilled workforce are hampering the market growth
The competition in the global decision support system (DSS) Software market is strong. DSS capabilities into existing business operations management systems to offer a cost-effective solution to their customers. Partnerships, collaborations, mergers, and acquisitions are some of the key vendors' ultimate business strategies for sustaining their competitiveness and business value in the global marketplace.
Some of the players in the global DSS market include RIB DATAPINE GMBH, LogicNets, inc., GTMHUB INC., Miznee Ltd., 1000minds, airfocus GmbH, Spider Strategies, Inc., Minitab, LLC., QlikTech International A.B., Loomio Cooperative Limited., Rockwell Automation, Inc., TransparentChoice Ltd., Paramount Decisions Inc., GoldSim Technology Group LLC, Allovance (Decision Support Systems, LLC), Palisade Company, Expert Choice, and among others.
The well-established, fastest growing business network encourages the adoption of advanced business optimization approaches. The presence of prominent market players and awareness about business software's advantages are the key factors to propel the DSS market growth across North America. Frequently changing geopolitical circumstances force organizations to adopt comprehensive decision support system software that supports organizational changing business requirements and helps in decision making. Thus, the factors together would drive significant market growth across the region.
Significant utilization of business tools and computer resources are likely to support the DSS market growth in South America.
A favorable medical regulatory framework would positively impact the clinical decision system software market growth across Europe. Also, IT managers across the region are increasingly adopting the DSS tools in order to attain the potential to yield future competitive advantage. Thus, Europe is anticipated to showcase significant market growth over the forecast period.
The Asia Pacific would likely emerge as the most opportunistic area for the DSS market to grow. The significant technology adoption and progressive data-driven approaches of industries would play a vital role in driving the DSS market growth across the Asia Pacific. Several factors, such as the presence of skilled IT expertise, the rising government healthcare expenditure, and government initiatives supporting the adoption of clinical DSS (CDSS) solutions, are responsible for driving the market growth in emerging countries such as India and China. The government initiatives such as the Digital India campaign started by the Indian government in July 2015 would be likely to boost the clinical decision support system's demand.
The Middle East and Africa are anticipated to register an adequate growth rate due to ongoing digitization and technology adoption.
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