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Global Business Rules Management System Market Report - Analysis, Trends & Forecasts 2019 – 2026 - Research and Markets
Global Business Rules Management System Market
Global Business Rules Management System Market is set to rise from its initial estimated value of USD 850 million in 2018 to an estimated value of USD 1889.37 million by 2026, registering a CAGR of 10.50% in the forecast period of 2019-2026. This rise in market value can be attributed to the resulting improved efficiency of procedures and need for compliance with the regulations and policies.
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Business rules management system (BRMS) is a software that is used for the implementation and deployment of business rules which consist of policies and regulations. The main attributes of it includes the decision implementation to be considered externalized from the main software codes, tools which aim at enabling the developers and business professionals to manage the rules, and an applicable environment where the business rules can be managed, and implemented.
Major Market Competitors/Players: Global Business Rules Management System Market
Few of the major competitors currently working in the business rules management system market are
IBM Corporation, Fair Isaac Corporation, Pegasystems Inc., Oracle, Broadcom, Red Hat Inc., SparklingLogic, OpenText Corp, Software AG, SAS Institute Inc., ACTICO GmbH, Newgen Software Technologies Limited, FUJITSU, Intellileap Solutions, Signavio, Agiloft Inc., Decisions LLC, Business Rule Solutions LLC., Experian Information Solutions Inc., TIBCO Software Inc., SAP SE, Robert Bosch GmbH, InRule Technology Inc., Progress Software Corporation, and Decision Management Solutions.
Market Drivers:
• Increased efficiency and implementation of rules, regulation and policies is expected to drive the market growth
• Reduction in dependency on IT teams for compilation and implementation of business rules and compliances is also expected to drive the market growth
Market Restraints:
• Lack of adoption of these systems due to the approach of maximizing profit and understanding the systems as avoidable expenses is expected to restrain the market growth
• Lack of adoption of modernizing their business understanding and procedure by the enterprises is also expected to restrain the market growth
Table of Contents Available For this Market
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Table of Content:
01: Executive Summary
02: Scope of The Report
03: Market Landscape
04: Market Sizing
05: Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
Segmentation: Global Business Rules Management System Market
• By Components
o Software
o Services
• By Services
o Integration & Deployment
o Training & Consulting
o Support & Maintenance
• By Deployment Type
o On-Premises
o Cloud
• By Organization Size
o Small & Medium Sized Enterprises (SMEs)
o Large Enterprises
• By Verticals
o Banking, Finance Services & Insurance (BFSI)
o Government & Defense
o Telecom & IT
o Manufacturing
o Retail & Consumer Goods
o Healthcare & Life Sciences
o Transportation & Logistics
o Energy & Utilities
o Others
Media & Entertainment
Education
• By Geography
o North America
o South America
o Europe
o Asia-Pacific
o Middle East and Africa
Key Developments in the Market:
• In October 2018, IBM Corporation announced the launch of Operational Decision Manager V8.10, with the new version helping in the ease of use and increases the speed of decision making process.
• In February 2018, Red Hat Inc., announced the launch of a new decision management platform known as Red Hat Decision Manager 7, aimed at simplifying the process of integration of rules-based applications and services.
Competitive Analysis: Global Business Rules Management System Market
Global business rules management system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of business rules management system market for global, Europe, North America, Asia Pacific and South America.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
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Email: Sopan.gedam@databridgemarketresearch.com
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