GVR Report cover Decision Support System Market Size, Share & Trends Report

Decision Support System Market Size, Share & Trends Analysis Report By Software Type, By Deployment, By Application, By Region, And Segment Forecasts, 2022 To 2030

  • Report ID: GVR453281
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global decision support system market size could gain impetus with the surging need to help businesses in decision-making activities that warrant a sequence of actions and judgment. The demand for a software program to assess enormous volumes of data will be pronounced across the agriculture, healthcare, and automotive industries.

Decision support systems (DSS) are instrumental in assisting people in authority to collate information and make robust decisions analyzing massive troves of data. DSS is a part of business intelligence that fosters operations and management using sources, such as data warehouses, revenue projections, cubes, and electronic health records. The applications of data-driven DSS include executive information systems, management reporting systems, and geographic information systems (GIS). Lately, DSS has gained prominence in the agriculture sector to help farmers decide the apt time to plant and develop virtual factories to boost crop planning. DSS has become sought-after in a host of knowledge domains, including the medical and forest management sectors. To illustrate, DSS can be used to access previous medical records to assess the outcomes of the earlier decisions.

Decision Support System Market

Segments

Details

Software Type

Integrated, Stand-alone

Deployment

Cloud, On-Premise, Hybrid

Application

Crop planning, GPS route planning, Clinical DSS, ERP dashboards, Others

Region

North America; Europe; Asia Pacific; Latin America; MEA

 

With informed decision-making, DSS has gained considerable traction for increased productivity and automation of the monotonous managerial process. It is worth mentioning that it also enhances interpersonal communication and synthesizes collected data and information into actionable insights. For instance, companies could seek DSS to forecast their revenue for the next fiscal year based on current variables and past product sales. Accordingly, DSS is used in having actionable and robust decisions.

In terms of deployment, the cloud decision support system could remain dominant as it minimizes the processing time and boosts the cooperation and communication between the decision-makers. The rising prominence of cloud computing and cloud architectures, such as a hosted private cloud, private cloud, and hybrid cloud, will complement the growth of big data and mobile applications. Cloud-based decision engagement solutions could cash in on behavioral, cognitive, and decision science.

Decision support system market share could receive impetus from the rising footfall of GPS route planning. DSS has gained immense popularity in planning the best and fastest routes between two points. Notably, it has set the trend to keep a check on traffic in real-time. Meanwhile, the Enterprise resource planning (ERP) system will also benefit from DSS to help manage the business operation. Integrated ERP system has become sought-after for inventory control, order management, customer relationship management, and warehouse management, among others.

Stakeholders envisage the U.S. and Canada to witness investment galore, mainly due to expanding penetration of healthcare information technology. Specifically, the clinical decision support system will remain prominent due to the surging number of medication errors across the region. Moreover, cloud-based CDSS has become trendier in monitoring health conditions and interest in patients’ social medial interactions.

The increasing footprint of DSS software across Australia, China, and India could spur Asia Pacific decision support system market growth over the next few years. The application of sensitivity analysis, statistical, and forecasting models will augur well for the regional growth. To illustrate, the DSS software system for time series analysis and regression models has become palpable to make an informed decision.

The competitive landscape suggests forward-looking companies will prioritize organic and inorganic strategies. Shifting trends in technological advancements, product and service rollouts, and mergers & acquisitions will remain pivotal in the ensuing period. To illustrate, in January 2021, the Gippsland Health Alliance (GHA) contemplated expanding Allscripts Sunrise™ electronic health record (EHR) across Gippsland, Australia.

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