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Business Rules Management System: Introduction

  • A business rules management system allows organizations or enterprise to manage, capture, execute, and store business rules from the processes and applications for higher business consistency, agility, and efficiency. Business rules management systems are applied across business processes, operations, functions, and workflows.
  • Furthermore, a business rules management system is used to manage and implement business rules without coding.  
business rules management system market size and forecast

Global Business Rules Management System Market: Dynamics

Global Business Rules Management System Market: Key Drivers

  • Surge in demand for deploying business rules across organizations is expected to fuel the growth of the business rules management system market.
  • The need to manage decision logic that is used by systems within a larger organization, application, or enterprise is a key aspect likely to accelerate the business rules management system market in the next few years.
  • Rise in demand for business rules management systems to increase agility by decoupling business logic from processes and applications is expected to trigger the growth of the market.
  • Furthermore, growing machine learning and artificial intelligence technologies to enhance the functionality of the business rules management system is projected to create an opportunity for growth of the market across the globe.
  • Rising focus of companies or enterprises on data-driven decision making is projected to create new opportunities for the business rules management system market during the forecast period 2021- 2031.

Global Business Rules Management System Market: Restraints

  • Undocumented business rules lead to inconsistencies and inefficiencies across an organization’s process. This is a major factor expected to obstruct the growth of the global business rules management system market in the near future.

Impact of COVID-19 on the Global Business Rules Management System Market

The COVID-19 outbreak has been a major challenge for the post-pandemic business environment. Governments of different countries across the world have imposed lockdowns to curb the spread of the disease. Hence, enterprises are adopting business rules management systems to improve decision making during the pandemic outbreak, in order to reduce the need for manual processing of recurring decisions. Business rules management systems are extensively used by industries across both developed and developing countries during the pandemic outbreak, to analyze and improve decision logic. This in turn will enhance the growth of business rules management systems during the COVID-19 outbreak.

North America to Hold Major Share of the Global Business Rules Management System Market

  • In terms of region, the global business rules management system market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global business rules management system market in 2020. The U.S. is the key market in the region due to the increasing adoption of business rules management systems for monitoring complex businesses across enterprises in the U.S. Additionally, the presence of well-established players who offer business rules management systems are expected to boost the market in the North America region.
  • The business rules management system market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing adoption of business rules management systems by businesses, organizations, and government entities across China, Japan, Singapore, Australia, and India, to increase agility by decoupling business logic from processes and applications.
business rules management system market outlook by region

Global Business Rules Management System Market: Competition Landscape

Several local, regional, and global players are active in the business rules management system market with a strong presence. Rapid technological advancements have created significant opportunities in the global business rules management system market. Market players are increasingly focusing on collaboration, mergers, and acquisition activities with technology partners to develop innovative and advanced solutions in order to improve their offerings and market reach.

Key Players Operating in the Global Business Rules Management System Market Include:

  • ACTICO GmbH
  • Agiloft, Inc.
  • Broadcom Inc.
  • CNSI (Client Network Services, Inc.)
  • Experian Plc.
  • Fair Isaac Corporation (FICO)
  • Fujitsu Limited
  • IBM Corporation
  • InRule Technology Inc.
  • Intellileap
  • Newgen Software Technologies Limited.
  • OpenText Corporation
  • Oracle Corporation
  • Pegasystems Inc.
  • Progress Software Corporation
  • SAP SE
  • SAS Institute Inc.
  • Software AG
  • Sparkling Logic, Inc.
business rules management system market size by competition landscape

Global Business Rules Management System Market: Research Scope

Global Business Rules Management System Market, by Component

  • Solution
  • Services
    • Integration and Implementation
    • Training and Consulting
    • Support and Maintenance

Global Business Rules Management System Market, by Deployment

  • Cloud
  • On-premise

Global Business Rules Management System Market, by Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

Global Business Rules Management System Market, by Industry

  • BFSI
  • Government
  • Defense
  • IT and Telecommunications
  • Manufacturing
  • Retail and Consumer Goods
  • Healthcare
  • Logistics and Transportation
  • Energy and Utilities
  • Others

Global Business Rules Management System Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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