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Business Rules Management System Brms Market

Business Rules Management System (BRMS) Market Forecasts to 2028 – Global Analysis By Product Type (User-Friendly Interface, Supporting Natural Language), End User (Government, Healthcare, Retail, Logistics), and By Geography

4.4 (62 reviews)
Published: June 2021 ID: SMRC20580
4.4 (62 reviews)
Published: June 2021 ID: SMRC20580

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Business Rules Management System (BRMS) Market is accounted for $1.00 billion in 2020 and is expected to reach $2.81 billion by 2028 growing at a CAGR of 13.8% during the forecast period. Reduced dependency on it teams for writing business rules, increasing need to manage regulatory and policy compliance and growing need to improve process efficiency are driving the market growth. However profit-driven approach of companies is hampering the growth of the market.

Business rules management system (BRMS) is a technology that enables businesses to capture decision logic as a business rule and later automate it across the software applications instead of embedding it into multiple applications every single time it is modified or developed freshly. This methodology helps in managing those rules externally away from the code of existing applications. The adoption of BRMS offers advantages such as safeguarding the integrity of decision logic, identifying conflicting and incomplete rule logics, complining rules for open standards integration into applications, and enabling scalability. Apart from these, the BRMS enables users to enhance the ability to respond quickly, improve productivity, and improve accuracy.

Based on the organization size, the large enterprises segment is going to have lucrative growth during the forecast period. Business entities employing more than 1,000 people are categorized as large enterprises. The adoption of BRMS software and services among large enterprises is high, and the trend is expected to continue during the forecast period. Large enterprises are majorly investing in advanced technologies to increase their overall productivity and efficiency. Large enterprises are significantly focused on simplifying the operations and management of cloud-native applications on any cloud and even across clouds. BRMS software helps large enterprises in making effective decisions, and hence the adoption of the BRMS software and services is expected to be higher among the large enterprises.

By geography, North America is going to have lucrative growth during the forecast period, owing to the demand for improved decision making and increasing efficiency and enhance accuracy. The regional market has been segmented into the US, Canada, and Mexico. Companies such as Nestle in the United States have mentioned adopting BRMS solutions for monitoring and comply with the complex business rules in the country. With this adoption, the company has mentioned that it has streamlined the coherent design of smart, rule-based business operations suitable for the digital age. Additionally, the Canadian Government has mentioned adopting BRMS software by partnering with the Business Rule Solutions Inc. based in the United States.

Some of the key players profiled in the Business Rules Management System (BRMS) Market include Bosch, Business Rule Solutions, CA Technologies, FICO, IBM, Inrule Technology, Object Connections, OpenText, Oracle, Pegasystems, Progress Software, Red Hat, SAP SE, Software AG and Sparkling Logic.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.00 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

13.8%

Predicted 2028 Value:

USD 2.81 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures                            

259

Chapters Covered:

Component, Operating Environment, Deployment Type, Subscription Type, Organization Size, Product Type, and End User

Core Drivers and Opportunities:

  • Increasing need to manage regulatory and policy compliance
  • Growing need to improve process efficiency
  • Increasing focus of companies on data-driven decision-making

Restraining Factors & Market Threats:

  • Companies’ resistance in adopting modern technologies
  • Lack of documentation on business rules


Components Covered:
• Software
• Solutions
• Platform
• Services

Operating Environments Covered:
• Windows
• Linux
• Mainframe
• Open Sources

Deployment Types Covered:
• On-Premises
• Cloud

Subscription Types Covered:
• Monthly
• Yearly

Organization Sizes Covered:
• Large Enterprises
• Small and Medium Enterprises (SMEs)

Product Types Covered:
• User-Friendly Interface
• Supporting Rules Monitoring & Repairing
• Providing Rule Repsitory
• Supporting Natural Language

End Users Covered:
• Aerospace and Defense
• Banking, Financial Services and Insurance (BFSI)
• Energy and Utilities
• Government
• Healthcare and Life Sciences
• Manufacturing
• Retail and Consumer Goods
• Telecom and Information Technology (IT)
• Travel and Transportation
• Logistics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Business Rules Management System (BRMS) Market is majorly driven by reduced dependency on IT teams for writing business rules, rapid digital transformation across industries, and rapid industrialization in developed and developing countries.

The retail and consumer goods segment is growing at a highest CAGR owing to the rising consumer purchasing power. With the proliferation of online markets, retailers are adopting more innovative technologies, such as cloud computing, big data analytics, digital stores, and social networks.

North America dominated with a significant market share due to the large investments in BRMS software, better receptiveness to the adoption of new and emerging technologies, and high penetration of the internet.

Asia Pacific market is growing at a highest CAGR owing to increasing presence of major manufacturers, availability of various subsidiaries by the government such as 100% FDI, and increasing number of SMEs.

Key players profiled in the Business Rules Management System (BRMS) Market include Bosch, Business Rule Solutions, CA Technologies, FICO, IBM, Inrule Technology, Object Connections, OpenText, Oracle, Pegasystems, Progress Software, Red Hat, SAP SE, Software AG and Sparkling Logic.

1 Executive Summary     
      
2 Preface    
 
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Product Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Business Rules Management System (BRMS) Market, By Component     
 5.1 Introduction    
 5.2 Software    
 5.3 Solutions    
 5.4 Platform    
 5.5 Services    
  5.5.1 Integration and Deployment   
  5.5.2 Support and Maintenance   
  5.5.3 Training and Consulting   
      
6 Global Business Rules Management System (BRMS) Market, By Operating Environment     
 6.1 Introduction    
 6.2 Windows    
 6.3 Linux    
 6.4 Mainframe    
 6.5 Open Sources    
      
7 Global Business Rules Management System (BRMS) Market, By Deployment Type     

 7.1 Introduction    
 7.2 On-Premises    
 7.3 Cloud    
      
8 Global Business Rules Management System (BRMS) Market, By Subscription Type     
 8.1 Introduction    
 8.2 Monthly    
 8.3 Yearly    
      
9 Global Business Rules Management System (BRMS) Market, By Organization Size     
 9.1 Introduction    
 9.2 Large Enterprises    
 9.3 Small and Medium Enterprises (SMEs)    
      
10 Global Business Rules Management System (BRMS) Market, By Product Type     
 10.1 Introduction    
 10.2 User-Friendly Interface    
 10.3 Supporting Rules Monitoring & Repairing    
 10.4 Providing Rule Repsitory    
 10.5 Supporting Natural Language    
      
11 Global Business Rules Management System (BRMS) Market, By End User     
 11.1 Introduction    
 11.2 Aerospace and Defense    
 11.3 Banking, Financial Services and Insurance (BFSI)    
 11.4 Energy and Utilities    
 11.5 Government     
 11.6 Healthcare and Life Sciences    
 11.7 Manufacturing    
 11.8 Retail and Consumer Goods    
 11.9 Telecom and Information Technology (IT)    
 11.10 Travel and Transportation    
 11.11 Logistics     
 11.12 Other End Users    
  11.12.1 Education   
  11.12.2 Media and Entertainment   
      
12 Global Business Rules Management System (BRMS) Market, By Geography     
 12.1 Introduction    
 12.2 North America    
  12.2.1 US   
  12.2.2 Canada   
  12.2.3 Mexico   
 12.3 Europe    
  12.3.1 Germany   
  12.3.2 UK   
  12.3.3 Italy   
  12.3.4 France   
  12.3.5 Spain   
  12.3.6 Rest of Europe   
 12.4 Asia Pacific    
  12.4.1 Japan   
  12.4.2 China   
  12.4.3 India   
  12.4.4 Australia   
  12.4.5 New Zealand   
  12.4.6 South Korea   
  12.4.7 Rest of Asia Pacific   
 12.5 South America    
  12.5.1 Argentina   
  12.5.2 Brazil   
  12.5.3 Chile   
  12.5.4 Rest of South America   
 12.6 Middle East & Africa    
  12.6.1 Saudi Arabia   
  12.6.2 UAE   
  12.6.3 Qatar   
  12.6.4 South Africa   
  12.6.5 Rest of Middle East & Africa   
      
13 Key Developments     
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 13.2 Acquisitions & Mergers    
 13.3 New Product Launch    
 13.4 Expansions    
 13.5 Other Key Strategies    
      
14 Company Profiling     
 14.1 Bosch    
 14.2 Business Rule Solutions    
 14.3 CA Technologies    
 14.4 FICO    
 14.5 IBM    
 14.6 Inrule Technology    
 14.7 Object Connections    
 14.8 OpenText    
 14.9 Oracle    
 14.10 Pegasystems    
 14.11 Progress Software    
 14.12 Red Hat    
 14.13 SAP SE    
 14.14 Software AG    
 14.15 Sparkling Logic    


List of Tables      
1 Global Business Rules Management System (BRMS) Market Outlook, By Region (2019-2028) (US $MN)      
2 Global Business Rules Management System (BRMS) Market Outlook, By Component (2019-2028) (US $MN)     
3 Global Business Rules Management System (BRMS) Market Outlook, By Software (2019-2028) (US $MN)     
4 Global Business Rules Management System (BRMS) Market Outlook, By Solutions (2019-2028) (US $MN)     
5 Global Business Rules Management System (BRMS) Market Outlook, By Platform (2019-2028) (US $MN)     
6 Global Business Rules Management System (BRMS) Market Outlook, By Services (2019-2028) (US $MN)     
7 Global Business Rules Management System (BRMS) Market Outlook, By Integration and Deployment (2019-2028) (US $MN)     
8 Global Business Rules Management System (BRMS) Market Outlook, By Support and Maintenance (2019-2028) (US $MN)     
9 Global Business Rules Management System (BRMS) Market Outlook, By Training and Consulting (2019-2028) (US $MN)     
10 Global Business Rules Management System (BRMS) Market Outlook, By Operating Environment (2019-2028) (US $MN)     
11 Global Business Rules Management System (BRMS) Market Outlook, By Windows (2019-2028) (US $MN)     
12 Global Business Rules Management System (BRMS) Market Outlook, By Linux (2019-2028) (US $MN)     
13 Global Business Rules Management System (BRMS) Market Outlook, By Mainframe (2019-2028) (US $MN)     
14 Global Business Rules Management System (BRMS) Market Outlook, By Open Sources (2019-2028) (US $MN)     
15 Global Business Rules Management System (BRMS) Market Outlook, By Deployment Type (2019-2028) (US $MN)     
16 Global Business Rules Management System (BRMS) Market Outlook, By On-Premises (2019-2028) (US $MN)     
17 Global Business Rules Management System (BRMS) Market Outlook, By Cloud (2019-2028) (US $MN)     
18 Global Business Rules Management System (BRMS) Market Outlook, By Subscription Type (2019-2028) (US $MN)     
19 Global Business Rules Management System (BRMS) Market Outlook, By Monthly (2019-2028) (US $MN)     
20 Global Business Rules Management System (BRMS) Market Outlook, By Yearly (2019-2028) (US $MN)     
21 Global Business Rules Management System (BRMS) Market Outlook, By Organization Size (2019-2028) (US $MN)     
22 Global Business Rules Management System (BRMS) Market Outlook, By Large Enterprises (2019-2028) (US $MN)     
23 Global Business Rules Management System (BRMS) Market Outlook, By Small and Medium Enterprises (SMEs) (2019-2028) (US $MN)     
24 Global Business Rules Management System (BRMS) Market Outlook, By Product Type (2019-2028) (US $MN)     
25 Global Business Rules Management System (BRMS) Market Outlook, By User-Friendly Interface (2019-2028) (US $MN)     
26 Global Business Rules Management System (BRMS) Market Outlook, By Supporting Rules Monitoring & Repairing (2019-2028) (US $MN)     
27 Global Business Rules Management System (BRMS) Market Outlook, By Providing Rule Repsitory (2019-2028) (US $MN)     
28 Global Business Rules Management System (BRMS) Market Outlook, By Supporting Natural Language (2019-2028) (US $MN)     
29 Global Business Rules Management System (BRMS) Market Outlook, By End User (2019-2028) (US $MN)     
30 Global Business Rules Management System (BRMS) Market Outlook, By Aerospace and Defense (2019-2028) (US $MN)     
31 Global Business Rules Management System (BRMS) Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) (US $MN)     
32 Global Business Rules Management System (BRMS) Market Outlook, By Energy and Utilities (2019-2028) (US $MN)     
33 Global Business Rules Management System (BRMS) Market Outlook, By Government (2019-2028) (US $MN)     
34 Global Business Rules Management System (BRMS) Market Outlook, By Healthcare and Life Sciences (2019-2028) (US $MN)     
35 Global Business Rules Management System (BRMS) Market Outlook, By Manufacturing (2019-2028) (US $MN)     
36 Global Business Rules Management System (BRMS) Market Outlook, By Retail and Consumer Goods (2019-2028) (US $MN)     
37 Global Business Rules Management System (BRMS) Market Outlook, By Telecom and Information Technology (IT) (2019-2028) (US $MN)     
38 Global Business Rules Management System (BRMS) Market Outlook, By Travel and Transportation (2019-2028) (US $MN)     
39 Global Business Rules Management System (BRMS) Market Outlook, By Logistics (2019-2028) (US $MN)     
40 Global Business Rules Management System (BRMS) Market Outlook, By Other End Users (2019-2028) (US $MN)     
41 Global Business Rules Management System (BRMS) Market Outlook, By Education (2019-2028) (US $MN)     
42 Global Business Rules Management System (BRMS) Market Outlook, By Media and Entertainment (2019-2028) (US $MN)     
      
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.      

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