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Business Rules Management System (BRMS) - Global Market Outlook (2020-2028)

June 2021 | 150 pages | ID: B12737001648EN
Stratistics Market Research Consulting

US$ 4,150.00

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According to Stratistics MRC, the Global Business Rules Management System (BRMS) Market is accounted for $1.00 billion in 2020 and is expected to reach $2.81 billion by 2028 growing at a CAGR of 13.8% during the forecast period. Reduced dependency on it teams for writing business rules, increasing need to manage regulatory and policy compliance and growing need to improve process efficiency are driving the market growth. However profit-driven approach of companies is hampering the growth of the market.

Business rules management system (BRMS) is a technology that enables businesses to capture decision logic as a business rule and later automate it across the software applications instead of embedding it into multiple applications every single time it is modified or developed freshly. This methodology helps in managing those rules externally away from the code of existing applications. The adoption of BRMS offers advantages such as safeguarding the integrity of decision logic, identifying conflicting and incomplete rule logics, complining rules for open standards integration into applications, and enabling scalability. Apart from these, the BRMS enables users to enhance the ability to respond quickly, improve productivity, and improve accuracy.

Based on the organization size, the large enterprises segment is going to have lucrative growth during the forecast period. Business entities employing more than 1,000 people are categorized as large enterprises. The adoption of BRMS software and services among large enterprises is high, and the trend is expected to continue during the forecast period. Large enterprises are majorly investing in advanced technologies to increase their overall productivity and efficiency. Large enterprises are significantly focused on simplifying the operations and management of cloud-native applications on any cloud and even across clouds. BRMS software helps large enterprises in making effective decisions, and hence the adoption of the BRMS software and services is expected to be higher among the large enterprises.

By geography, North America is going to have lucrative growth during the forecast period, owing to the demand for improved decision making and increasing efficiency and enhance accuracy. The regional market has been segmented into the US, Canada, and Mexico. Companies such as Nestle in the United States have mentioned adopting BRMS solutions for monitoring and comply with the complex business rules in the country. With this adoption, the company has mentioned that it has streamlined the coherent design of smart, rule-based business operations suitable for the digital age. Additionally, the Canadian Government has mentioned adopting BRMS software by partnering with the Business Rule Solutions Inc. based in the United States.

Some of the key players profiled in the Business Rules Management System (BRMS) Market include Bosch, Business Rule Solutions, CA Technologies, FICO, IBM, Inrule Technology, Object Connections, OpenText, Oracle, Pegasystems, Progress Software, Red Hat, SAP SE, Software AG and Sparkling Logic.

Components Covered:
  • Software
  • Solutions
  • Platform
  • Services
Operating Environments Covered:
  • Windows
  • Linux
  • Mainframe
  • Open Sources
Deployment Types Covered:
  • On-Premises
  • Cloud
Subscription Types Covered:
  • Monthly
  • Yearly
Organization Sizes Covered:
  • Large Enterprises
  • Small and Medium Enterprises (SMEs)
Product Types Covered:
  • User-Friendly Interface
  • Supporting Rules Monitoring & Repairing
  • Providing Rule Repsitory
  • Supporting Natural Language
End Users Covered:
  • Aerospace and Defense
  • Banking, Financial Services and Insurance (BFSI)
  • Energy and Utilities
  • Government
  • Healthcare and Life Sciences
  • Manufacturing
  • Retail and Consumer Goods
  • Telecom and Information Technology (IT)
  • Travel and Transportation
  • Logistics
  • Other End Users
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY COMPONENT

5.1 Introduction
5.2 Software
5.3 Solutions
5.4 Platform
5.5 Services
  5.5.1 Integration and Deployment
  5.5.2 Support and Maintenance
  5.5.3 Training and Consulting

6 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY OPERATING ENVIRONMENT

6.1 Introduction
6.2 Windows
6.3 Linux
6.4 Mainframe
6.5 Open Sources

7 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY DEPLOYMENT TYPE

7.1 Introduction
7.2 On-Premises
7.3 Cloud

8 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY SUBSCRIPTION TYPE

8.1 Introduction
8.2 Monthly
8.3 Yearly

9 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY ORGANIZATION SIZE

9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium Enterprises (SMEs)

10 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY PRODUCT TYPE

10.1 Introduction
10.2 User-Friendly Interface
10.3 Supporting Rules Monitoring & Repairing
10.4 Providing Rule Repsitory
10.5 Supporting Natural Language

11 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY END USER

11.1 Introduction
11.2 Aerospace and Defense
11.3 Banking, Financial Services and Insurance (BFSI)
11.4 Energy and Utilities
11.5 Government
11.6 Healthcare and Life Sciences
11.7 Manufacturing
11.8 Retail and Consumer Goods
11.9 Telecom and Information Technology (IT)
11.10 Travel and Transportation
11.11 Logistics
11.12 Other End Users
  11.12.1 Education
  11.12.2 Media and Entertainment

12 GLOBAL BUSINESS RULES MANAGEMENT SYSTEM (BRMS) MARKET, BY GEOGRAPHY

12.1 Introduction
12.2 North America
  12.2.1 US
  12.2.2 Canada
  12.2.3 Mexico
12.3 Europe
  12.3.1 Germany
  12.3.2 UK
  12.3.3 Italy
  12.3.4 France
  12.3.5 Spain
  12.3.6 Rest of Europe
12.4 Asia Pacific
  12.4.1 Japan
  12.4.2 China
  12.4.3 India
  12.4.4 Australia
  12.4.5 New Zealand
  12.4.6 South Korea
  12.4.7 Rest of Asia Pacific
12.5 South America
  12.5.1 Argentina
  12.5.2 Brazil
  12.5.3 Chile
  12.5.4 Rest of South America
12.6 Middle East & Africa
  12.6.1 Saudi Arabia
  12.6.2 UAE
  12.6.3 Qatar
  12.6.4 South Africa
  12.6.5 Rest of Middle East & Africa

13 KEY DEVELOPMENTS

13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 COMPANY PROFILING

14.1 Bosch
14.2 Business Rule Solutions
14.3 CA Technologies
14.4 FICO
14.5 IBM
14.6 Inrule Technology
14.7 Object Connections
14.8 OpenText
14.9 Oracle
14.10 Pegasystems
14.11 Progress Software
14.12 Red Hat
14.13 SAP SE
14.14 Software AG
14.15 Sparkling Logic

LIST OF TABLES

Table 1 Global Business Rules Management System (BRMS) Market Outlook, By Region (2019-2028) (US $MN)
Table 2 Global Business Rules Management System (BRMS) Market Outlook, By Component (2019-2028) (US $MN)
Table 3 Global Business Rules Management System (BRMS) Market Outlook, By Software (2019-2028) (US $MN)
Table 4 Global Business Rules Management System (BRMS) Market Outlook, By Solutions (2019-2028) (US $MN)
Table 5 Global Business Rules Management System (BRMS) Market Outlook, By Platform (2019-2028) (US $MN)
Table 6 Global Business Rules Management System (BRMS) Market Outlook, By Services (2019-2028) (US $MN)
Table 7 Global Business Rules Management System (BRMS) Market Outlook, By Integration and Deployment (2019-2028) (US $MN)
Table 8 Global Business Rules Management System (BRMS) Market Outlook, By Support and Maintenance (2019-2028) (US $MN)
Table 9 Global Business Rules Management System (BRMS) Market Outlook, By Training and Consulting (2019-2028) (US $MN)
Table 10 Global Business Rules Management System (BRMS) Market Outlook, By Operating Environment (2019-2028) (US $MN)
Table 11 Global Business Rules Management System (BRMS) Market Outlook, By Windows (2019-2028) (US $MN)
Table 12 Global Business Rules Management System (BRMS) Market Outlook, By Linux (2019-2028) (US $MN)
Table 13 Global Business Rules Management System (BRMS) Market Outlook, By Mainframe (2019-2028) (US $MN)
Table 14 Global Business Rules Management System (BRMS) Market Outlook, By Open Sources (2019-2028) (US $MN)
Table 15 Global Business Rules Management System (BRMS) Market Outlook, By Deployment Type (2019-2028) (US $MN)
Table 16 Global Business Rules Management System (BRMS) Market Outlook, By On-Premises (2019-2028) (US $MN)
Table 17 Global Business Rules Management System (BRMS) Market Outlook, By Cloud (2019-2028) (US $MN)
Table 18 Global Business Rules Management System (BRMS) Market Outlook, By Subscription Type (2019-2028) (US $MN)
Table 19 Global Business Rules Management System (BRMS) Market Outlook, By Monthly (2019-2028) (US $MN)
Table 20 Global Business Rules Management System (BRMS) Market Outlook, By Yearly (2019-2028) (US $MN)
Table 21 Global Business Rules Management System (BRMS) Market Outlook, By Organization Size (2019-2028) (US $MN)
Table 22 Global Business Rules Management System (BRMS) Market Outlook, By Large Enterprises (2019-2028) (US $MN)
Table 23 Global Business Rules Management System (BRMS) Market Outlook, By Small and Medium Enterprises (SMEs) (2019-2028) (US $MN)
Table 24 Global Business Rules Management System (BRMS) Market Outlook, By Product Type (2019-2028) (US $MN)
Table 25 Global Business Rules Management System (BRMS) Market Outlook, By User-Friendly Interface (2019-2028) (US $MN)
Table 26 Global Business Rules Management System (BRMS) Market Outlook, By Supporting Rules Monitoring & Repairing (2019-2028) (US $MN)
Table 27 Global Business Rules Management System (BRMS) Market Outlook, By Providing Rule Repsitory (2019-2028) (US $MN)
Table 28 Global Business Rules Management System (BRMS) Market Outlook, By Supporting Natural Language (2019-2028) (US $MN)
Table 29 Global Business Rules Management System (BRMS) Market Outlook, By End User (2019-2028) (US $MN)
Table 30 Global Business Rules Management System (BRMS) Market Outlook, By Aerospace and Defense (2019-2028) (US $MN)
Table 31 Global Business Rules Management System (BRMS) Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) (US $MN)
Table 32 Global Business Rules Management System (BRMS) Market Outlook, By Energy and Utilities (2019-2028) (US $MN)
Table 33 Global Business Rules Management System (BRMS) Market Outlook, By Government (2019-2028) (US $MN)
Table 34 Global Business Rules Management System (BRMS) Market Outlook, By Healthcare and Life Sciences (2019-2028) (US $MN)
Table 35 Global Business Rules Management System (BRMS) Market Outlook, By Manufacturing (2019-2028) (US $MN)
Table 36 Global Business Rules Management System (BRMS) Market Outlook, By Retail and Consumer Goods (2019-2028) (US $MN)
Table 37 Global Business Rules Management System (BRMS) Market Outlook, By Telecom and Information Technology (IT) (2019-2028) (US $MN)
Table 38 Global Business Rules Management System (BRMS) Market Outlook, By Travel and Transportation (2019-2028) (US $MN)
Table 39 Global Business Rules Management System (BRMS) Market Outlook, By Logistics (2019-2028) (US $MN)
Table 40 Global Business Rules Management System (BRMS) Market Outlook, By Other End Users (2019-2028) (US $MN)
Table 41 Global Business Rules Management System (BRMS) Market Outlook, By Education (2019-2028) (US $MN)
Table 42 Global Business Rules Management System (BRMS) Market Outlook, By Media and Entertainment (2019-2028) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.


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