Business rules management system can be defined as the collection of technologies utilized for identifying logic as a business rule which is subsequently implemented throughout the organization’s different application and processes in an automated form. This system helps in implementing the rules/logic in a more agile form as it offers a number of benefits in the working of an organization such as safeguards, detection of faulty business rules, conversion of business rules in an executable form making it easier for application integration; all of this in highly dependable and scalable form.
“According to Data Bridge Market Research, Global Business Rules Management System Market is expected to be growing with a healthy CAGR of 10.50% during the forecast period of 2019 to 2026”
Global Business Rules Management System Market By Components (Software, Services), Services (Integration & Deployment, Training & Consulting, Support & Maintenance), Deployment Type (On-Premises, Cloud), Organization Size (SMEs, Large Enterprises), Verticals (BFSI, Government & Defense, Telecom & IT, Manufacturing, Retail & Consumer Goods, Healthcare & Life Sciences, Transportation & Logistics, Energy & Utilities, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Topmost Outstanding Market Players 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.
With the availability of various technologies and advanced analytical solutions such as AI, Big Data, Cloud computing and other analytical services provided by specialized IT providers major enterprises have initiated their preference for utilizing analysis that is backed by real-time data analysis rather than hoping to base their decisions on presumptions.
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
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
Segmentation: Global Business Rules Management System Market
Integration & Deployment
Training & Consulting
Support & Maintenance
By Deployment Type
By Organization Size
Small & Medium Sized Enterprises (SMEs)
Banking, Finance Services & Insurance (BFSI)
Government & Defense
Telecom & IT
Retail & Consumer Goods
Healthcare & Life Sciences
Transportation & Logistics
Energy & Utilities
Media & Entertainment
Focal points of the Report
This expository report will endow both built up key players as well as contestants to distinguish the beats of the worldwide market.
In-depth analysis of different market dynamics such as drivers, restraints, and opportunities
covers all the emerging trends and segments of the industry- complete with their contribution in the growth of market.
Competitive developments like agreements, ventures, new products, expansion plans and even acquisitions are discussed in the report for further clarification.
Strategic expansion of businesses through acquisitions and product launch activities undertaken by market players:
In August 2019, OpenGate Capital announced that they had acquired InRule Technology, Inc. This acquisition will enable InRule Technology to further their ambitions and provide various innovations in their service offerings to establish themselves as a leader for decision management services. They will also be able to invest in higher volumes for enhancement of technologies and transform their business
In February 2019, Equifax Analytics Pvt. Ltd announced the launch of “Equifax Interconnect”, designed for financial institutions operating in the Indian region. It helps them in managing the different policies, sources of data, analyzing and modeling the data in an accurate and effective way. It empowers its users with helpful management of strategies and rules without the requirement of extensive knowledge of technical environment
The market is segmented on the basis of components as software, services; services is categorized into integration & deployment, training & consulting, support & maintenance; deployment type as on-premises, cloud; organization size as SMEs, large enterprises; verticals as BFSI, government & defense, telecom & IT, manufacturing, retail & consumer goods, healthcare & life sciences, transportation & logistics, energy & utilities, others.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints