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.
Every organisation’s key business policies and regulatory compliance data are securely locked inside multiple software systems and usually not accessible to leaders/managers responsible for executing business policies and protocols. Business Rules Management System (BRMS) provides customised solutions to react quickly to all kinds of business rules and policies in a far efficient manner than traditional methods.
The increased agility and receptiveness of present day organizations has increased the demand for consistent business planners, need to reduce time to market, reduce operational & maintenance cost. These factors drive the growth of the BRMS market.
The Global Business Rules Management System (BRMS) market was valued at US$ 636.7 million in 2015 and is expected to reach US$ 1,443.9 million by 2020, growing at a CAGR of 17.8% during the forecast period. Open source experienced the highest market growth, at a CAGR of 31.2%.
The Global Business Rules Management System (BRMS) Market is segmented by the following regions – North America, Western Europe, Asia Pacific, Central Eastern Europe, Latin America and the Middle East & Africa. Each region has been assessed by their operating environment and by the application verticals.
The Global Business Rules Management System (BRMS) Market has seen moderate growth in North America and Europe although North America had the largest share in 2014. North America BRMS market is estimated to grow at a CAGR of 14.7% during the forecast period.
Latin America, Middle East & Africa are expected to be the fastest growing markets in 2020 as compared to 2015.
Segmentation by Verticals
The major end user verticals for BRMS are Banking, financial services and insurance (BFSI), healthcare, retail and manufacturing. A strong growth was experienced in all the major verticals during the forecast period. BRMS application is highest in Banking and Healthcare. Retail and manufacturing are the emerging sectors. Logistics is an emerging sector for BRMS application and it is estimated to grow at a CAGR of 24.8% during the forecast period.
The key vendors in the Global Business Rules Management System (BRMS) market are Bosch, IBM, FICO, Fujitsu, Oracle, Progress Software, Red Hat, and Newgen Software.
The key vendors in the market are Software AG, Progress Software, FICO, Sparkling Logic, Appian. Total 15 companies have been covered in the report.
Competitive benchmarking in terms of product/service offerings, mergers and acquisitions, strategic alliances, business strategies and SWOT analysis. A detailed competitive profiling of all the major vendors in the market is done.
The report is of significance for the key stakeholders of the BRMS market such as technology enablers and service providers by providing useful insights:
Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth)
Drivers, growth opportunities and regional trends
The report helps the users to understand the challenges, impact of BRMS market on verticals such as Retail, BFSI, Manufacturing, Healthcare, Aerospace & Defence, IT & Telecom, Government, Travel & Transportation and Logistics. The report gives information related to the latest industry and market trends, key stakeholders, industry pest analysis and competitive landscape. It includes implementation, opportunities and adoption rate of BRMS in various industries
6 Operating Environment: Market Size & Analysis
6.1 Operating Environment
6.2.1 Market Size and Analysis
6.3.1 Market Size and Analysis
6.4.1 Market Size and Analysis
6.5 Open Sources
6.5.1 Market Size and Analysis
6.6.1 Market Size and Analysis
6.7 Vendor Profiles
6.7.1 Software AG
18.104.22.168 Financial Health
22.214.171.124 Business Units
126.96.36.199.2 Market Specific
188.8.131.52 SWOT Analysis
184.108.40.206 Business Strategy & Views
6.7.2 Progress Software Corporation
220.127.116.11 Financial Health
18.104.22.168 Business Units
22.214.171.124.2 Market Specific
126.96.36.199 SWOT Analysis
188.8.131.52 Business Strategy & Views
184.108.40.206 Financial Health
220.127.116.11 Business Units
18.104.22.168.2 Market Specific
22.214.171.124 SWOT Analysis
126.96.36.199 Business Strategy & Views
6.7.4 Sparkling Logic, Inc.
188.8.131.52 Financial Health
184.108.40.206 Business Unit
220.127.116.11.2 Market Specific
18.104.22.168 SWOT Analysis
22.214.171.124 Business Strategy & Views
126.96.36.199 Financial Health
188.8.131.52 Business Unit
184.108.40.206.2 Market Specific
220.127.116.11 SWOT Analysis
18.104.22.168 Business Strategy & Views
7 Verticals: Market Size & Analysis
7.2.1 Market Size and Analysis
7.3.1 Market Size and Analysis
7.4 Banking, Financial Services & Insurance (BFSI)
7.4.1 Market Size and Analysis
7.5.1 Market Size and Analysis
7.6 Aerospace & Defense
7.6.1 Market Size and Analysis
7.7 IT & Telecom
7.7.1 Market Size and Analysis
7.8.1 Market Size and Analysis
7.9.1 Market Size and Analysis
7.10 Travel & Transportation
7.10.1 Market Size and Analysis
7.11.1 Market Size and Analysis
8 Regions: Market Size & Analysis
8.2 North America
8.2.1 Market Size and Analysis
8.3 Western Europe
8.3.1 Market Size and Analysis
8.4.1 Market Size and Analysis
8.5 Central Eastern Europe
8.5.1 Market Size and Analysis
8.6 Middle East & Africa
8.6.1 Market Size and Analysis
8.7 Latin America
8.7.1 Market Size and Analysis
9 End-users: Market Size & Analysis
9.2 Small & Medium Enterprises
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market related information is congregated from both primary and secondary sources.
Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.