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Global Business Rules Management System (BRMS) Market By Component (Software & Services), By Organization Size (Large Enterprises & SMEs), By Deployment Mode (On-premise & Cloud), By Vertical, By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4761467
  • Report
  • Region: Global
  • 111 pages
  • TechSci Research
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Global Business Rules Management System (BRMS) Market Forecast to Exhibit a CAGR of 11.42% During the Forecast Period

FEATURED COMPANIES

  • CA Technologies, Inc.
  • Fair Isaac Corporation
  • Fujitsu Limited
  • InRule Technology
  • Oracle Corporation
  • Pegasystems Inc.
  • MORE
The global Business Rules Management System (BRMS) market is forecast to exhibit a CAGR of 11.42% during the forecast period, growing from $847.70 million in 2018 to $1630.67 million by 2024, on account of surging demand for managing regulatory and policy compliance needs, globally. Business rules management system (BRMS) is a software used to install, outline, perform and monitor the complexity of decision logic used in an organization. Moreover, enterprises are adopting BRMS software, as it offers low dependency on IT team for changing business rules, lower costs and Line of Business (LOB) control over implemented decision logics, etc.

?usiness Rules Management System (BRMS) market can be segmented based on component, organization size, deployment mode and vertical. In terms of component, the market can be bifurcated into software and services. Services segment includes support & maintenance service, integration & deployment services and training & consulting services. Integration & deployment segment is the largest segment, as it includes support related to the easy implementation and use of applications. Moreover, the former segment ensures uninterrupted operation of the BRMS software, thereby aiding market growth during the forecast period.

In terms of organization size, business rules management system (BRMS) market can be classified into SMEs and large enterprises. Large enterprises segment is anticipated to capture the leading market share in coming years, as it helps in taking effective decisions and large enterprises have more change adapting tendency. In terms of vertical, the market for business rules management system (BRMS) can be classified into BFSI, manufacturing, IT & telecom, government & defense and others. Government & defense is one of the emerging sectors in the market, as it helps to accelerate the decision making process and improve the efficiency of business processes.

The Global Business Rules Management System (BRMS) market is gaining traction and expanding to various regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa. In 2018, North America dominated the global Business Rules Management System (BRMS) market and the trend is likely to continue during the forecast period, backed by huge investments in BRMS solutions in economies such as US and Canada.

Major players operating in the global Business Rules Management System (BRMS) market are Oracle Corporation, International Business Machines Corporation (IBM), CA Technologies, Inc., Fair Isaac Corporation and Pegasystems Inc., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2018, IBM updated its BRMS system, which now supports decision modeling. In the same year, Red Hat Inc. also updated its BRMS software with Decision Manager 7.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:
  • To analyze and forecast the global Business Rules Management System (BRMS) market size.
  • To classify and forecast the global Business Rules Management System (BRMS) market based on component, deployment mode, organization size, vertical and regional distribution.
  • To identify drivers and challenges for the global Business Rules Management System (BRMS) market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global Business Rules Management System (BRMS) market.
  • To identify and analyze the profile of leading players operating in the global Business Rules Management System (BRMS) market.
Some of the leading players in the global Business Rules Management System (BRMS) market include Oracle Corporation, International Business Machines Corporation (IBM), CA Technologies, Inc., Fair Isaac Corporation and Pegasystems Inc., etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of service providers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

The author calculated the global Business Rules Management System (BRMS) market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Business Rules Management System (BRMS) software providers
  • Security and intelligence service providers
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Business Rules Management System (BRMS)
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global Business Rules Management System (BRMS) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Component:
  • Services
  • Integration & Deployment Services
  • Support & Maintenance Services
  • Training & Consulting Services
  • Software
Market, by Organization Size:
  • Large Enterprises
  • Small & Medium Sized Enterprises
Market, by Deployment:
  • Cloud
  • On-premise
Market, by Vertical:
  • BFSI
  • Manufacturing
  • Government & Defense
  • IT & Telecom
  • Others
Market, by Region:

North America
  • United States
  • Canada
  • Mexico
Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
South America
  • Brazil
  • Argentina
  • Colombia
Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Qatar
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Business Rules Management System (BRMS) market.

Available Customizations

With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
*Note - Custom Research License:

10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CA Technologies, Inc.
  • Fair Isaac Corporation
  • Fujitsu Limited
  • InRule Technology
  • Oracle Corporation
  • Pegasystems Inc.
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Global Business Rules Management System Respondents, Benefits
4.2. Global Business Rules Management System Respondents, Adoption Challenges
4.3. Global Business Rules Management System Respondents, By Key Factors Driving Adoption
4.4. Global Business Rules Management System Respondents, By Vendor Selection
4.5. Global Business Rules Management System Respondents, By Vendor Challenge

5. Global Business Rules Management System (BRMS) Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Software and Services)
5.2.1.1. Services (Integration & Deployment Services; Support & Maintenance Services; and Training & Consulting Services)
5.2.2. By Organization Size (Large Enterprises and Small & Medium Enterprises)
5.2.3. By Deployment Mode (Cloud Deployment and On-Premise Deployment)
5.2.4. By Vertical (BFSI; Manufacturing; Government & Defense; IT & Telecom; and Others)
5.2.5. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)
5.2.6. By Company (2018)
5.3. Market Attractiveness Index (By Component; By Vertical and By Region)

6. North America Business Rules Management System (BRMS) Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Organization Size
6.2.3. By Deployment Mode
6.2.4. By Vertical
6.2.5. By Country (United States; Canada; Mexico)
6.3. North America: Country Analysis
6.3.1. United States Business Rules Management System (BRMS) Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Component
6.3.1.2.2. By Vertical
6.3.2. Canada Business Rules Management System (BRMS) Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Component
6.3.2.2.2. By Vertical
6.3.3. Mexico Business Rules Management System (BRMS) Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Component
6.3.3.2.2. By Vertical

7. Europe Business Rules Management System (BRMS) Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Organization Size
7.2.3. By Deployment Mode
7.2.4. By Vertical
7.2.5. By Country (Germany; UK; France; Italy; Spain; and Rest of Europe)
7.3. Europe: Country Analysis
7.3.1. Germany Business Rules Management System (BRMS) Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Component
7.3.1.2.2. By Vertical
7.3.2. United Kingdom Business Rules Management System (BRMS) Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Component
7.3.2.2.2. By Vertical
7.3.3. France Business Rules Management System (BRMS) Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Component
7.3.3.2.2. By Vertical
7.3.4. Italy Business Rules Management System (BRMS) Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Component
7.3.4.2.2. By Vertical
7.3.5. Spain Business Rules Management System (BRMS) Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Component
7.3.5.2.2. By Vertical

8. Asia-Pacific Business Rules Management System (BRMS) Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Organization Size
8.2.3. By Deployment Mode
8.2.4. By Vertical
8.2.5. By Country (China; Japan; India; South Korea; Australia; and Rest of Asia Pacific)
8.3. Asia-Pacific: Country Analysis
8.3.1. China Business Rules Management System (BRMS) Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Component
8.3.1.2.2. By Vertical
8.3.2. India Business Rules Management System (BRMS) Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Component
8.3.2.2.2. By Vertical
8.3.3. Japan Business Rules Management System (BRMS) Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Component
8.3.3.2.2. By Vertical
8.3.4. South Korea Business Rules Management System (BRMS) Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Component
8.3.4.2.2. By Vertical
8.3.5. Australia Business Rules Management System (BRMS) Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Component
8.3.5.2.2. By Vertical

9. South America Business Rules Management System (BRMS) Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Organization Size
9.2.3. By Deployment Mode
9.2.4. By Vertical
9.2.5. By Country (Brazil; Argentina; Colombia; and Rest of South America)
9.3. South America: Country Analysis
9.3.1. Brazil Business Rules Management System (BRMS) Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Component
9.3.1.2.2. By Vertical
9.3.2. Argentina Business Rules Management System (BRMS) Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Component
9.3.2.2.2. By Vertical
9.3.3. Colombia Business Rules Management System (BRMS) Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Component
9.3.3.2.2. By Vertical

10. Middle East & Africa Business Rules Management System (BRMS) Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Organization Size
10.2.3. By Deployment Mode
10.2.4. By Vertical
10.2.5. By Country (South Africa; Saudi Arabia; UAE; Qatar; and Rest of Middle East & Africa)
10.3. MEA: Country Analysis
10.3.1. South Africa Business Rules Management System (BRMS)Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Component
10.3.1.2.2. By Vertical
10.3.2. Saudi Arabia Business Rules Management System (BRMS) Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Component
10.3.2.2.2. By Vertical
10.3.3. UAE Business Rules Management System (BRMS) Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Component
10.3.3.2.2. By Vertical
10.3.4. Qatar Business Rules Management System (BRMS) Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Component
10.3.4.2.2. By Vertical
10.3.4.2.3.

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. Oracle Corporation
13.2.2. International Business Machines Corporation (IBM)
13.2.3. CA Technologies, Inc.
13.2.4. Fair Isaac Corporation
13.2.5. Pegasystems Inc.
13.2.6. Newgen Software Technologies Limited
13.2.7. InRule Technology
13.2.8. Fujitsu Limited
13.2.9. Red Hat, Inc.
13.2.10. SAP SE

14. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

*Full List of Figures and Tables Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Oracle Corporation
  • International Business Machines Corporation (IBM)
  • CA Technologies, Inc.
  • Fair Isaac Corporation
  • Pegasystems Inc.
  • Newgen Software Technologies Limited
  • InRule Technology
  • Fujitsu Limited
  • Red Hat, Inc.
  • SAP SE
Note: Product cover images may vary from those shown
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