+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Business Rules Management System Market by Software, Service (Integration and Deployment, Training and Consulting, and Support and Maintenance), Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2023

  • ID: 4668463
  • Report
  • November 2018
  • Region: Global
  • 144 Pages
  • Markets and Markets
The Global BRMS Market is Expected to Grow from USD 0.84 Billion in 2018 to USD 1.41 Billion by 2023, at a CAGR of 11% During the Forecast Period

FEATURED COMPANIES

  • ACTICO
  • CA Technologies
  • Fujitsu
  • Newgen Software
  • Pegasystems
  • SAS
  • MORE

Increased need to manage regulatory and policy compliance needs is expected to fuel the demand for Business Rules Management System (BRMS) solutions across the globe



The global BRMS market is expected to grow from USD 0.84 Billion in 2018 to USD 1.41 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11% during the forecast period. BRMS helps organizations in complying with various regulations, including capital requirements in banking or eligibility requirements for government benefits. It enables companies to capture policies and regulations, making it easier to enforce those rules during every transaction through automated processes. However, the existing vendor services make it difficult for companies to switch to new vendors, due to high switching cost, changes to be made in implementation, and training employees to use these new systems. These factors might restrict the adoption of BRMS solutions.

The software segment is estimated to hold a larger market size during the forecast period

The BRMS solutions provide the ability to define relationships between different business rules and relate these business rules to various IT applications that need to be enforced with one or more of these business rules. Moreover, the BRMS solutions and services are adopted for their major advantage, which is, the business rules are managed externally, away from the application code.

The integration and deployment segment is estimated to hold the largest market size during the forecast period

Integration and deployment services provided by BRMS service providers offer cohesive services to end-users, including large enterprises and SMEs. These services help in efficiently implementing and integrating the BRMS software with the organization’s existing IT infrastructure systems. System integration services also help organizations plan their integration layout as per their business requirement.

North America is estimated to have the largest market share in 2018, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period

North America is estimated to hold the largest market size in the global BRMS market in 2018. North America is the most matured region in the BRMS market, as most large enterprises are located in this region. On the other hand, the BRMS market in APAC is expected to witness exponential growth to become the fastest-growing region.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.

The breakdown of the primary profiles is given below:

  • By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
  • By Designation: C-Level: 35%, Director-Level: 25%, and Others: 40%
  • By Region: North America: 45%, Europe: 20%, APAC: 30%, and RoW: 5%

The key vendors profiled in the report are as follows:
1. IBM (US)
2. FICO (US)
3. Pegasystems (US)
4. Oracle (US)
5. CA Technologies (US)
6. Red Hat (US)
7. Object Connections (Australia)
8. Sparkling Logic (US)
9. OpenText (Canada)
10. Software AG (Germany)
11. SAS (US)
12. ACTICO (Germany)
13. Newgen Software (India)
14. Fujitsu (Japan)
15. Intellileap (India)
16. Signavio (Germany)
17. Agiloft (US)
18. Decisions LLC (US)
19. Experian Information Solutions (Ireland)
20. Business Rule Solutions (US)
21. TIBCO (US)
22. SAP (Germany)
23. Bosch (Germany)
24. InRule (US)
25. Progress Software (US)
26. Decision Management Solutions (US)

Research coverage

The market has been segmented on the basis of components (software and service). The services in the market include integration and deployment, training and consulting, and support and maintenance. The organization size segment includes Small and Medium-sized Enterprises (SMEs) and large enterprises. The deployment type in the market includes on-premises and cloud. The market by vertical covers Banking, Financial Services, and Insurance (BFSI), government and defense, telecommunications and IT, manufacturing, retail and consumer goods, healthcare and life sciences, transportation and logistics, energy and utilities, others (media and entertainment, and education). The market has also been segmented on the basis of major regions, namely, North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

Key benefits of buying the report

1. The report comprehensively segments the BRMS market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across verticals and regions.
2. The report would help stakeholders understand the pulse of the market and provide them with information about the key market drivers, restraints, challenges, and opportunities.
3. It would help stakeholders better understand their competitors and gain more insights to enhance their positions in the market. The competitive landscape section includes new product launches, partnerships, agreements and collaborations, mergers and acquisitions, and expansions related to the global BRMS market.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACTICO
  • CA Technologies
  • Fujitsu
  • Newgen Software
  • Pegasystems
  • SAS
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Regions Covered
1.5 Years Considered for the Study
1.6 Currency
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.1.2.3 Market Breakdown and Data Triangulation
2.2 Market Size Estimation
2.2.1.1 Bottom-Up Approach
2.2.1.2 Top-Down Approach
2.3 Research Assumptions
2.3.1.1 Assumptions for the Study
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Business Rules Management System Market
4.2 Business Rules Management System Market in North America, By Vertical and Country
4.3 Business Rules Management System Market: Major Countries

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduced Dependency on It Teams for Writing Rules
5.2.1.2 Increased Need to Manage Regulatory and Compliance Policy
5.2.1.3 Growing Need to Improve Process Efficiency
5.2.2 Restraints
5.2.2.1 Companies’ Resistance in Adopting Modern Technologies
5.2.2.2 Profit-Driven Approach of Companies
5.2.3 Opportunities
5.2.3.1 Increasing Focus of Companies on Data-Driven Decision Making
5.2.3.2 Rising Number of SMEs Creating New Revenue Opportunities for Vendors
5.2.4 Challenges
5.2.4.1 Lack of Documentation on Business Rules
5.2.4.2 Fear of Vendor Lock-In

6 Business Rules Management System Market, By Component
6.1 Introduction
6.2 Software
6.2.1 External Management of Business Rules is A Major Advantage of Adopting BRMS Software and Services
6.1 Services
6.1.1 BRMS Services are Extensively Used Among Enterprises to Maximize the Efficiency of the Business Processes

7 Business Rules Management System Market, By Service
7.1 Introduction
7.2 Integration and Deployment
7.2.1 System Integration Services Help Organizations Plan Their Integration Layouts as Per Their Business Requirements
7.3 Support and Maintenance
7.3.1 Maintenance Services Facilitate Upgrades to Existing Systems and Aid in Solving Product Issues
7.4 Training and Consulting
7.4.1 Consulting Services Provide Expert Assistance for Strategic Planning and Implementation of BRMS Software

8 Business Rules Management System Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.2.1 Immediate Responses, Quick Business Decisions, and Customer Satisfaction Help Small and Medium-Sized Enterprises in Expanding Their Business, Generating More Revenue, and Ensuring Desired Outcomes
8.3 Large Enterprises
8.3.1 BRMS Software Helps Large Enterprises in Effective Decision-Making

9 Business Rules Management System Market, By Deployment Type
9.1 Introduction
9.2 On-Premises
9.2.1 The On-Premises Deployment of BRMS Software Helps Organizations Manage Costs and Maintain Compliance
9.3 Cloud
9.3.1 Cloud-based BRMS Softwareoffers Agility and Provides More Functionalities at an Affordable Cost

10 Business Rules Management System Market, By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.2.1 BFSI Companies are Adopting Advanced Technologies and BRMS Software and Services to Increase Their Operational Efficiency
10.3 Government and Defense
10.3.1 BRMS Software and Services Help Government Agencies Put Policies To practice
10.4 Telecom and IT
10.4.1 The Adoption of BRMS Software has Helped in Significantly Expanding the Portfolios of Telecom and IT Enterprise Customers
10.5 Manufacturing
10.5.1 BRMS Software Helps Accelerate Decision-Making and Improve the Efficiency of Business Processes By Automating and Increasing the Agility in Organizations
10.6 Retail and Consumer Goods
10.6.1 BRMS Software Helps in Decision-Making By Acting as A Bridge to Connect Customer Transaction With Customer Insights and Action Data
10.7 Healthcare and Life Sciences
10.7.1 BRMS Software Offers Greater Control, Improved Flexibility, and the Ability to Rapidly Deploy Business Rules Across Processes, Information Systems, and Channels
10.8 Transportation and Logistics
10.8.1 BRMS Software Maximizes Efficiency, Speeds Up Delivery, and Ensures Smooth Functioning of Business Without Disruption
10.9 Energy and Utilities
10.9.1 BRMS Software Helps Meet the Compliance requirements in the Energy and Utilities Vertical
10.10 Others

11 Business Rules Management System Market, By Region
11.1 Introduction
11.2 North America
11.2.1 Adopting BRMS Software and Services Helps the Region Sustain in the Market and Increase Its Productivity By Improving Application Performance
11.2.1.1 United States
11.2.1.2 Canada
11.3 Europe
11.3.1 the Growing Number of Enterprise Applications and Increasing Complexities in Applications and Infrastructure are Expected to Increase the Adoption of BRMS Software in the European Market
11.3.1.1 United Kingdom
11.3.1.2 Germany
11.3.1.3 France
11.3.1.4 Rest of Europe
11.4 Asia Pacific
11.4.1 Enterprises Need for Services With Lower Capital and Operational Expenditure Expected to Increase the Adoption Rate of BRMS Software in the Region
11.4.1.1 Japan
11.4.1.2 Australia and New Zealand
11.4.1.3 China
11.4.1.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Lower Capex and Opex are the Major Drivers for the Adoption of BRMS Software and Services in This Region
11.5.1.1 Kingdom of Saudi Arabia
11.5.1.2 South Africa
11.5.1.3 United Arab Emirates
11.5.1.4 Rest of Middle East and Africa
11.6 Latin America
11.6.1 There is A Huge Potential for the Growth of BRMS Software and Service Providers in This Region, Owing to the Increasing Awareness of Bmrs Software Benefits
11.6.1.1 Brazil
11.6.1.2 Mexico
11.6.1.3 Rest of Latin America

12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 New Product Launches/Product Upgradations
12.2.2 Partnerships, Agreements, and Collaborations
12.2.3 Mergers and Acquisitions
12.2.4 Business Expansions

13 Company Profiles
13.1 Introduction
13.2 IBM
13.2.1 Business Overview
13.2.2 Products Offered
13.2.3 Recent Developments
13.2.4 SWOT Analysis
13.2.5 MnM View
13.3 FICO
13.3.1 Business Overview
13.3.2 Products Offered
13.3.3 Recent Developments
13.3.4 SWOT Analysis
13.3.5 MnM View
13.4 Pegasystems
13.4.2 Products Offered
13.4.3 Recent Developments
13.4.4 SWOT Analysis
13.4.5 MnM View
13.5 Oracle
13.5.2 Products Offered
13.5.3 Recent Developments
13.5.4 SWOT Analysis
13.5.5 MnM View
13.6 CA Technologies
13.6.2 Products Offered
13.6.3 Recent Developments
13.6.4 SWOT Analysis
13.6.5 MnM View
13.7 Progress Software
13.7.2 Products and Services Offered
13.7.3 1.4.3 Recent Developments
13.8 Red Hat
13.8.2 Products Offered
13.8.3 Recent Developments
13.9 SAP
13.10 Bosch
13.10.1 Business Overview
13.10.2 Products Offered
13.11 Inrule Technology
13.11.1 Business Overview
13.11.2 Platforms and Services Offered
13.11.3 Recent Developments
13.11.4 MnM View
13.12 Object Connections
13.12.1 Business Overview
13.12.2 Products Offered
13.13 Business Rule Solutions
13.13.1 Business Overview
13.13.2 Services Offered
13.14 Software AG
13.14.1 Business Overview
13.14.2 Solutions and Services Offered
13.15 Sparkling Logic
13.15.1 Business Overview
13.15.2 Products Offered
13.16 OpenText
13.16.1 Business Overview
13.16.2 Products and Services Offered
13.17 Decisions LLC
13.17.1 Business Overview
13.17.2 Platforms Offered
13.18 SAS
13.18.1 Business Overview
13.18.2 Services Offered
13.19 TIBCO
13.19.1 Business Overview
13.19.2 Products and Services Offered
13.20 Newgen Software
13.20.1 Business Overview
13.20.2 Products Offered
13.21 Fujitsu
13.21.1 Business Overview
13.21.2 Products Offered
13.22 Experian
13.22.1 Business Overview
13.22.2 Solutions Offered
13.23 ACTICO
13.23.1 Business Overview
13.23.2 Solutions, Products, and Services Offered
13.24 Intellileap
13.24.1 Business Overview
13.24.2 Products Offered
13.25 Agiloft
13.25.1 Business Overview
13.25.2 Solutions and Services Offered
13.26 Signavio
13.26.1 Business Overview
13.26.2 Products and Services Offered
13.27 Decision Management Solutions
13.27.1 Business Overview
13.27.2 Solutions and Services Offered

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables
Table 1 Business Rules Management System Market Size, By Component, 2016-2023 (USD Million)
Table 2 Software: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 3 Services: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 4 Business Rules Management System Market Size, By Service, 2016-2023 (USD Million)
Table 5 Integration and Deployment: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 6 Support and Maintenance: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 7 Training and Consulting: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 8 Business Rules Management System Market Size, By Organization Size, 2016-2023 (USD Million)
Table 9 Small and Medium-Sized Enterprises: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 10 Large Enterprises: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 11 Business Rules Management System Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 12 On-Premises: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 13 Cloud: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 14 Business Rules Management System Market Size, By Vertical, 2016-2023 (USD Million)
Table 15 Banking, Financial Services, and Insurance: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 16 Government and Defense: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 17 Telecom and IT: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 18 Manufacturing: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 19 Retail and Consumer Goods: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 20 Healthcare and Life Sciences: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 21 Transportation and Logistics: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 22 Energy and Utilities: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 23 Others: Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 24 Business Rules Management System Market Size, By Region, 2016-2023 (USD Million)
Table 25 North America: Business Rules Management System Market Size, By Component, 2016-2023 (USD Million)
Table 26 North America: Business Rules Management System Market Size, By Service, 2016-2023 (USD Million)
Table 27 North America: Business Rules Management System Market Size, By Organization Size, 2016-2023 (USD Million)
Table 28 North America: Business Rules Management System Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 29 North America: Business Rules Management System Market Size, By Vertical, 2016-2023 (USD Million)
Table 30 North America: Business Rules Management System Market Size, By Country, 2016-2023 (USD Million)
Table 31 Europe: Business Rules Management System Market Size, By Component, 2016-2023 (USD Million)
Table 32 Europe: Business Rules Management System Market Size, By Service, 2016-2023 (USD Million)
Table 33 Europe: Business Rules Management System Market Size, By Organization Size, 2016-2023 (USD Million)
Table 34 Europe: Business Rules Management System Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 35 Europe: Business Rules Management System Market Size, By Vertical, 2016-2023 (USD Million)
Table 36 Europe: Business Rules Management System Market Size, By Country, 2016-2023 (USD Million)
Table 37 Asia Pacific: Business Rules Management System Market Size, By Component, 2016-2023 (USD Million)
Table 38 Asia Pacific: Business Rules Management System Market Size, By Service, 2016-2023 (USD Million)
Table 39 Asia Pacific: Business Rules Management System Market Size, By Organization Size, 2016-2023 (USD Million)
Table 40 Asia Pacific: Business Rules Management System Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 41 Asia Pacific: Business Rules Management System Market Size, By Vertical, 2016-2023 (USD Million)
Table 42 Asia Pacific: Business Rules Management System Market Size, By Country, 2016-2023 (USD Million)
Table 43 Middle East and Africa: Business Rules Management System Market Size, By Component, 2016-2023 (USD Million)
Table 44 Middle East and Africa: Business Rules Management System Market Size, By Service, 2016-2023 (USD Million)
Table 45 Middle East and Africa: Business Rules Management System Market Size, By Organization Size, 2016-2023 (USD Million)
Table 46 Middle East and Africa: Business Rules Management System Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 47 Middle East and Africa: Business Rules Management System Market Size, By Vertical, 2016-2023 (USD Million)
Table 48 Middle East and Africa: Business Rules Management System Market Size, By Country, 2016-2023 (USD Million)
Table 49 Latin America: Business Rules Management System Market Size, By Component, 2016-2023 (USD Million)
Table 50 Latin America: Business Rules Management System Market Size, By Service, 2016-2023 (USD Million)
Table 51 Latin America: Business Rules Management System Market Size, By Organization Size, 2016-2023 (USD Million)
Table 52 Latin America: Business Rules Management System Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 53 Latin America: Business Rules Management System Market Size, By Vertical, 2016-2023 (USD Million)
Table 54 Latin America: Business Rules Management System Market Size, By Country, 2016-2023 (USD Million)
Table 55 New Product Launches/Product Upgradations, 2015-2018
Table 56 Partnerships, Agreements, and Collaborations, 2017-2018
Table 57 Mergers and Acquisitions, 2017

List of Figures
Figure 1 Business Rules Management System Market: Research Design
Figure 2 Business Rules Management System Market: Bottom-Up Approach
Figure 3 Business Rules Management System Market: Top-Down Approach
Figure 4 Business Rules Management System Market Snapshot, 2016-2023
Figure 5 Top 3 Segments of the Business Rules Management System Market in 2018
Figure 6 North America Accounted for the Highest Market Share of the Business Rules Management System Market in 2018
Figure 7 Reduced Dependency on It Teams for Writing Business Rules is Expected to Drive the Growth of the Business Rules Management System Market
Figure 8 Banking, Financial Services, and Insurance Vertical and the United States Accounted for the Highest Shares in the Business Rules Management System Market in 2018
Figure 9 Australia and New Zealand to Grow at the Fastest Rate During the Forecast Period
Figure 10 Drivers, Restraints, Opportunities, and Challenges: Business Rules Management System Market
Figure 11 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 12 Support and Maintenance Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Large Enterprises Segment is Expected to Register A Higher CAGR During the Forecast Period
Figure 14 Cloud Deployment Type is Expected to Register A Higher CAGR During the Forecast Period
Figure 15 Retail and Consumer Goods Vertical is Expected to Register the Highest CAGR During the Forecast Period
Figure 16 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 North America: Market Snapshot
Figure 18 Asia Pacific: Market Snapshot
Figure 19 Key Developments By the Leading Players in the BRMS Market During 2015-2018
Figure 20 Geographic Revenue Mix of Top 5 Players
Figure 21 IBM: Company Snapshot
Figure 22 SWOT Analysis: IBM
Figure 23 FICO: Company Snapshot
Figure 24 SWOT Analysis: FICO
Figure 25 Pegasystems: Company Snapshot
Figure 26 SWOT Analysis: Pegasystems
Figure 27 Oracle: Company Snapshot
Figure 28 SWOT Analysis: Oracle
Figure 29 CA Technologies: Company Snapshot
Figure 30 SWOT Analysis: CA Technologies
Figure 31 Progress Software: Company Snapshot
Figure 32 Red Hat: Company Snapshot
Figure 33 SAP: Company Snapshot
Figure 34 Bosch: Company Snapshot
Figure 35 Inrule Technology: Company Snapshot
Figure 36 Object Connections: Company Snapshot
Figure 37 Software AG : Company Snapshot
Figure 38 Sparkling Logic: Company Snapshot
Figure 39 OpenText: Company Snapshot
Figure 40 Decisions LLC: Company Snapshot
Figure 41 SAS: Company Snapshot
Figure 42 Newgen Software: Company Snapshot
Figure 43 Fujitsu: Company Snapshot
Figure 44 Experian: Company Snapshot
Figure 45 ACTICO: Company Snapshot
Figure 46 Agiloft: Company Snapshot

Note: Product cover images may vary from those shown

Loading
LOADING...

  • ACTICO
  • Agiloft
  • Bosch
  • Business Rule Solutions
  • CA Technologies
  • Decision Management Solutions
  • Decisions LLC
  • Experian
  • FICO
  • Fujitsu
  • IBM
  • Inrule Technology
  • Intellileap
  • Newgen Software
  • Object Connections
  • OpenText
  • Oracle
  • Pegasystems
  • Progress Software
  • Red Hat
  • SAP
  • SAS
  • Signavio
  • Software AG
  • Sparkling Logic
  • TIBCO
Note: Product cover images may vary from those shown
Adroll
adroll