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Business Rules Management System (BRMS) Market is expected to grow at a CAGR of 17.8% during the period from 2015–2020
Business Rules Management System (BRMS) Market
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Summary
Every organization’s key business policies and regulatory compliance data is safely locked inside multiple software systems, expressed in high technicality and usually not accessible to the key leaders/managers responsible for executing business policies and respective protocols. Business Rules Management System (BRMS) provides customised solutions to react quickly for all kinds of business rules & policies far efficient than traditional methods. Enterprises increased organizational agility and receptiveness are driving the BRMS market with benefits such as consistent business planners, reducing time to market, reducing total operational & maintenance cost, and providing highly available & robust platforms for all businesses. Also, enabling IT and business teams to easily communicate changes and rule maintenance work to be more consistently distributed across the enterprises. The key players include Bosch Software Innovations, Progress Software Corporation, Oracle Corporation, Red Hat, SAP, IBM, FICO, CA Technologies, and others. The report provides unique insights into and in-depth analysis of global BRMS market, drivers and restraints as well as growth opportunities. It also contains analysis and forecasted revenues, competitive landscape, company profiles and industry trends.
This report provides an insight into the role of BRMS across the sectors, such as insurance, healthcare, banking telecom, etc. A detailed study also has been conducted on various operating systems used in this system. The scope of BRMS in small and medium enterprise that is end-users use is been covered. A comparative analysis also has been done on the basis of the various products and technologies used by main vendors in the market. A detailed market analysis is done and the emerging market trends have been forecasted. Global Business Rule Management System (BRMS) market is expected to grow in the future mainly driven by operating environment and verticals. Global BRMS market is expected to grow at a CAGR of 17.8% during the period from 2015–2020 respectively. Among the other operating environment open source has the highest market growth at an estimated CAGR of 31.2% from 2015 to 2020. The BFSI and health care industry sector has the highest revenue and is expected to grow at a CAGR of 16.5% and 15.9% respectively from 2015–2020.
Companies Mentioned in the Report
Software AG
Progress Software Corporation
FICO
Sparkling Logic, Inc.
Appian
Oracle
IBM
Red Hat
Fujitsu
Bosch
InfoTrellis, Inc.
InRule Technology, Inc.
Newgen Software.
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Table of Contents
1 Industry Overview
1.1 Industry Trends
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Segmented Addressable Market (SAM)
3.2 Related Markets
3.2.1 Business Process Management
3.2.2 Decision Management
3.2.3 Service Oriented Architecture
....Continued
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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.
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…
