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Business Rules Management System Market Insights | Key players: IBM, FICO, Pegasystems, Oracle and CA Technologies
Browse 57 market data Tables and 46 Figures spread through 168 Pages and in-depth TOC on "Business Rules Management System Market"
https://www.marketsandmarkets.com/Market-Reports/business-rules-management-system-market-210469074.html?utm_source=Openpr
The support and maintenance segment is estimated to grow at the highest CAGR during the forecast period
Support and maintenance services include support related to the implementation and use of solutions provided by the BRMS vendors. Maintenance services facilitate upgrades to the existing systems and assist in solving issues of products. These services ensure uninterrupted operating of the BRMS software deployed in organizations.
The Small and Medium-sized Enterprises (SMEs) segment is estimated to grow at a higher CAGR during the forecast period
SMEs are rapidly adopting BRMS software, which enables their business to scale and grow faster. The implementation of BRMS solutions would help SMEs in increasing their revenue, achieving their desired outcomes, and improving their business efficiency. The SMEs have realized that immediate responses, quick business decisions, and customer satisfaction are the key features to expand their business, generate more revenue, and ensure desired outcomes. Thus, this trend of adopting BRMS solutions and the associated services is expected to continue among SMEs during the forecast period.
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North America is estimated to dominate the BRMS market during the forecast period
The global BRMS market by region has been segmented into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is estimated to have the largest market size in 2018, owing to the presence of several vendors and huge investments toward adopting BRMS solutions in the region. The market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid development of the required infrastructure and the increasing need to adopt newer technologies.
The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the market. Major technology vendors in the BRMS market include IBM (US), FICO (US), Pegasystems (US), Oracle (US), CA Technologies (US), Red Hat (US), Object Connections (Australia), Sparkling Logic (US), OpenText (Canada), Software AG (Germany), SAS (US), ACTICO (Germany), Newgen Software (India), Fujitsu (Japan), Intellileap (India), Signavio (Germany), Agiloft (US), Decisions LLC (US), Experian Information Solutions (Ireland), Business Rule Solutions (US), TIBCO (US), SAP (Germany), Bosch (Germany), InRule (US), Progress Software (US), and Decision Management Solutions (US).
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Overview
A business rules management system is a software used to install, outline, monitor, perform and maintain the complexity of decision logic that is used in operational systems in an organization.
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The Business Rules Management System (BRMS) market report gives CAGR value from 2014 to 2018 and how it is expected to reach from 2019 to 2024 with remarkable CAGR. The…
