Business Rules Management System (BRMS) Market Research Report— Global Forecast till 2027

Global Business Rules Management System Market Research Report: Information by Component (Software and Service [Integration & Deployment, Support & Maintenance, and Training & Consulting]), Organization Size (Small & Medium Enterprises and Large Enterprises), Deployment (On-Premises and Cloud-Based), Vertical (BFSI, Retail & Consumer, Government & Defense, IT & Telecom, Manufacturing, Healthcare, Energy & Utility, Transportation & Logistics, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2027

ID: MRFR/ICT/8990-HCR | March 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018–2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


The global business rules management system market size is expected to register a CAGR of 9.2% during the forecast period.


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.


Factors driving the growth of the business rules management system market include the increase in the need to provide operational efficiency, rapid digital transformation across industries, and the need to manage compliance standards. Furthermore, businesses are, nowadays, focused on reducing their dependence on software developers as business rules can be written by any person who has the required knowledge of vendor-specific business rules and software skills to design and develop the application. On the other hand, the limited awareness among the enterprises regarding the business rules management system and high cost associated with the implementation of BRMS software has been hindering the market growth. The rising need for decisions based on insights gained from data and enterprises seeking ways to enhance their revenue generation creates opportunities for the business rules management system market.


Segmentation


The global business rules management system market has been segmented based on component, organization size, deployment, vertical, and region.


By component, the global business rules management system market has been divided into software and service. The service segment is bifurcated into integration & deployment, support & maintenance, and training & consulting.


By organization size, the global business rules management system market has been divided into small & medium enterprises and large enterprises.


By deployment, the global business rules management system market has been divided into on-premises and cloud-based.


Based on vertical, the global business rules management system market has been classified into BFSI, retail & consumer, government & defense, IT & telecom, manufacturing, healthcare, energy & utility, transportation & logistics, and others.


The business rules management system market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Regional Analysis


The global business rules management system market is estimated to register an exponential CAGR over the forecast period. The geographic analysis of the global business rules management system market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


North America is expected to be the dominating region in terms of the adoption of BRMS software mainly due to demand for improved decision making and increasing efficiency and enhance accuracy. The regional market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The US market is expected to report the highest market share, owing to the factors such as demand for business rules management system from end-use verticals, including BFSI. Additionally, the rise in the number of entrepreneurs who want to respond quickly to market segment opportunities. Furthermore, the North America business rules management system market is expected to grow further due to the presence of key players, such as IBM Corporation (US), FICO (US), Pegasystems Inc. (US), Oracle (US), OpenRules, Inc. (US), Newgen Software Technologies Limited (US), Red Hat, Inc. (US), Open Text Corporation (Canada), Decisions (US), Agiloft Inc. (US), and SparklingLogic (US).


Europe is expected to be the second-largest market during the review period due to the increased adoption of BRMS solutions by several small and large scale enterprises in the region. Furthermore, the rapidly growing need to automate the business decision-making process is gaining momentum in the business rules management system market. Asia-Pacific is anticipated to be the fastest-growing market in the business rules management system market during the forecast period.


Competitive Analysis


The global business rules management system market is witnessing a high growth rate due to the rising demand for automation of decision-making processes consisting of multiple business rules updated from time to time. Major players have adopted partnerships, acquisitions, and product enhancement as their key organic growth strategies to enhance their market positions and cater to the rapidly changing demands of enterprises. The industry players compete in terms of BRMS capabilities and features such as leveraging the data insights and building predictive models to enhance data-driven decision making with dashboards and decision analytics. Additionally, the companies are focusing on providing advanced features such as customization of tables and fields, auditability with activity logs & report generation in different formats, and automation with graphical workflow.


Impact of COVID-19


The global economy has reported several disruptions in day-to-day business operations, mainly due to the outbreak of coronavirus worldwide. The pandemic has driven a new normal of allocating and managing resources more dynamically. Organizations are focusing on business continuity without hampering business activities with more staff working remotely. This has forced management teams to redesign their business rules and manage their resources more effectively to fetch more and more on their heavy investments while reducing operational cost and ensure the seamless working of the supply chain.


Key Players


The key players in the global business rules management system market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include IBM Corporation (US), FICO (US), Pegasystems Inc. (US), Oracle (US), ACTICO GmbH (Germany), OpenRules, Inc. (US), Newgen Software Technologies Limited (US), Red Hat, Inc. (US), Open Text Corporation (Canada), CRIF (India), Decisions (US), Intellileap Solutions (India), Signavio GmbH (Germany), Agiloft Inc. (US), and SparklingLogic (US). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations.


Global Business Rules Management System Market, 2018–­2026 (USD Billion)

Business Rules Management System Market


Source: MRFR Analysis


Intended Audience



  • Value-Added Resellers (VARs)

  • Banking and Financial Institutions

  • Healthcare Organizations

  • Technology Consultants

  • Government Organizations

  • Investors and Venture Capitalists

  • Chief Financial Officers



Report Scope:
Report Attribute/Metric Details
  Market Size   2027:Significant Value
  CAGR   9.2% (2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Component, Vertical, Deployment,
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   IBM Corporation (US), FICO (US), Pegasystems Inc. (US), Oracle (US), ACTICO GmbH (Germany), OpenRules, Inc. (US), Newgen Software Technologies Limited (US), Red Hat, Inc. (US), Open Text Corporation (Canada), CRIF (India), Decisions (US), Intellileap Solutions (India), Signavio GmbH (Germany), Agiloft Inc. (US), and SparklingLogic (US). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations.
  Key Market Opportunities

  • The rise in the number of entrepreneurs who want to respond quickly to market segment opportunities.\r\n
  • The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period
  •   Key Market Drivers   Factors driving the growth of the business rules management system market include the increase in the need to provide operational efficiency, rapid digital transformation across industries, and the need to manage compliance standards.


    Frequently Asked Questions (FAQ) :


    The business rules management system market size is estimated to reach USD 1 billion by 2026.

    The business rules management system market is expected to grow at a CAGR of 9.2%.

    The need to deliver operational efficiency, rapid digital transformation across industries, and the requirement to manage compliance standards are all factors driving the growth of the business rules management system market.

    North America will hold the largest market share during the forecast period.

    Some of the prominent business rules management system market players are IBM Corporation (US), FICO (US), Pegasystems Inc. (US), Oracle (US), ACTICO GmbH (Germany), OpenRules, Inc. (US), Newgen Software Technologies Limited (US), Red Hat, Inc. (US), Open Text Corporation (Canada), CRIF (India), Decisions (US), Intellileap Solutions (India), Signavio GmbH (Germany), Agiloft Inc. (US), and SparklingLogic (US).

    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.