Global Business Rules Management System (BRMS) Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Component (Software, Services), By Deployment Mode (Cloud, On-premise), By Enterprise Size (Small And Medium Sized Enterprises, Large Enterprises), End-User (Retail, BFSI, Government & Defence, IT & Telecom, Manufacturing, Others), And By Geography - Forecasts From 2020 To 2025

  • Published : Dec 2020
  • Report Code : KSI061613987
  • Pages : 120

The Global Business Rules Management system (BRMS) market is expected to grow at a CAGR of 11.24% to reach US$1,575.743 million in 2025 from US$831.538 million in 2020. Business rules management system is software that is used to build, store, and analyze the execution of business rules more properly. For example, “if a user subscribes to a channel, send them a welcome e-mail”. Moreover, the presence of BRMS software in an organization helps in the automation of the business process making it more time-efficient and reliable for the staff members to abide by.

The global market for the business rules management system software is expected to witness steady growth in spite of the budget constraints the organizations are going through. This will happen as a lot of businesses are now digitalizing the processes given the pandemic wherein a significant number of businesses have opted for work from home policy. With the businesses getting more and more digitalized, there has been a significant increase in the usage of web applications to keep running the processes. In order to keep a reliable track of the activities and make the process more time-efficient, a significant number of companies have deployed the BRMS software.

The pandemic in the picture further fuels the growth of the market in the coming years as the organizations are going through budget constraints and are keenly willing to reduce capital expenditure (CAPEX) and operational expenditure (OPEX). The BRMS software significantly reduces the operational expenditure as the organization will not need an extra person to develop business rules as the rules can be easily built and developed in the software. Furthermore, the software helps in automating a number of tasks and also reduces turnaround when a policy change occurs.

The segmentation of the market is done firstly on the basis of components (Software & Services), by deployment mode (Cloud & On-premise), by enterprise size (SMEs and large enterprises), by end-user (Retail, Banking & Finance, Government and Defence, IT & Telecom, Manufacturing & Others), by region (North America, Asia Pacific, South America, Middle East & Africa, Europe).

REDUCTION IN THE NEED OF ADDITIONAL IT EXPERTS TO DEPLOY BUSINESS RULES WILL DRIVE THE MARKET

The software requires a basic knowledge of IT in order to develop and deploy business rules. This will further cut the expenses of an additional IT expert to do the same task. Through this, the organization can gain complete control over the development and deployment of the business rules in the company. This will result in a lot lesser time required to develop and deploy a business rule. A BRMS software is comparatively easier in order to automate business tasks and thus can be done by any IT professional in the organization.

HIGH SWITCHING COST WILL POSE AS A CHALLENGE

Though deploying and executing business tasks is easier in BRMS software, the existing vendors make it difficult for an organization to switch to an altogether different method to run the tasks. Given the current scenario globally, organizations are reluctant towards any extra expenditure owing to a drastic cut in their budget because of the revenue fall. Moreover, as the deployment is to be done throughout the organization, the implementation of the software turns out to be costly while switching from any previous vendor, thus, inhibiting the growth of the market.

THE IMPACT OF COVID-19 ON THE BUSINESS RULES MANAGEMENT SYSTEM MARKET 

The report also covers the impact of the global COVID-19 pandemic on the market. The businesses have been adversely hit during the pandemic forcing them to cut short on their budget as the revenue fell a significant height. Therefore, the market is expected to see steady growth with factors like budget constraints on one hand, and the diminishing need for additional IT experts playing an important role in the decision making. The organizations falling under the “Small and Medium-size Enterprises” are more inclined towards delaying the adoption of BRMS software, whereas the organizations falling under “Large enterprises” are set to keep adopting the software in the coming years as well.

SOFTWARE SEGMENT HOLDS A LARGER MARKET SHARE

Among the components, the software segment will hold a larger market share owing to an increasing number of organizations adopting the software. The software helps in easing down the execution of business tasks in an organization and makes the process more reliable and more time-efficient. Moreover, the software helps in defining the business rules and making it easier for the organization to connect them with other IT applications. Given the increase in awareness about the benefits of the software, the segment is set to continue this trend in the coming years as well.

NORTH AMERICA IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD

The region consists of developed economies like the United States and Canada and is also the home of almost all the biggest IT companies. As the region consists of such developed economies, it witnesses an increasing growth of advanced IT infrastructure across industries and early adoption of advanced technologies such as Artificial Intelligence (AI), IoT (Internet of things), Cloud storage, etc.

THE ON-PREMISE DEPLOYMENT MODE HOLDS A LARGER MARKET SIZE

The on-premise deployment mode is used in a number of organizations still as it is one of the oldest methods for deploying the software. On-premise deployment of the software helped the organizations in managing the operation costs and proper execution of the processes. The organizations feel safer with having a data storage unit within their premises eliminating the need for any third party.

As the world is moving towards the digitization of all the business tasks, the cloud deployment mode is set to rise at a significant rate during the forecast period. Given the amount of data generated in current times, it becomes costly for the organization to keep a data storage unit on the premises itself but a lot more economical to have cloud storage for the same. Thus, the on-premise deployment mode will hold a larger market share but the cloud deployment will see faster growth in the coming years.

Global Business Rules Management System (BRMS) Market Scope:

Report Metric Details
 Market size value in 2020  US$831.538 million
 Market size value in 2025  US$1,575.743 million
 Growth Rate  CAGR of 11.24% from 2020 to 2025
 Base year  2020
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Component, Deployment mode, Enterprise Size, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered International Business Machines Corporation (IBM), FICO, Pegasystems Inc., Oracle Corporation, Fujitsu Limited, Inrule Technology, Inc., Progress Software Corporation, SAP SE, Broadcom Inc., Software AG Inc, Agiloft, Inc., Open Text Corporation, Newgen Software Technologies Ltd, Signavio GmbH, Decisions LLC
 Customization scope  Free report customization with purchase

 

SEGMENTATION

  • By component
    • Software
    • Services
  • By Deployment mode
    • Cloud
    • On-premise
  • By Enterprise size
    • Small and medium sized enterprises
    • Large enterprises
  • By End-user
    • Retail
    • BFSI
    • Government & Defence
    • IT & Telecom
    • Manufacturing
    • Others
  • By Geography
    • North America
      • The United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • The United Kingdom
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • The United Arab Emirates
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the business rules management system (BRMS) market size by 2025?
A1. The global business rules management system market is expected to reach a market size of US$1,575.743 million in 2025.


Q2. What is the size of global business rules management system (BRMS) market?
A2. Business Rules Management System (BRMS) Market was valued at US$831.538 million in 2020.


Q3. What are the growth prospects for the business rules management system market?
A3. The business rules management system (BRMS) market is expected to grow at a CAGR of 11.24% over the forecast period.


Q4. Which region holds the largest market share in the business rules management system market?
A4. North America is expected to have the largest share in the business rules management system market.


Q5. What factors are anticipated to drive the business rules management system market growth?
A5. The global BRMS market is expected to witness steady growth in spite of the budget constraints the organizations are going through.


1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation
 
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
 
3. EXECUTIVE SUMMARY
4. Research Highlights
 
5. MARKET DYNAMICS
5.1. Market Drivers
5.2. Market Restraints
5.3. Porters Five Forces Analysis
5.3.1. Bargaining Power of Suppliers
5.3.2. Bargaining Power of Buyers
5.3.3. Threat of New Entrants
5.3.4. Threat of Substitutes
5.3.5. Competitive Rivalry in the Industry
5.3.6. Industry Value Chain Analysis
 
6. GLOBAL BRMS MARKET ANALYSIS, BY COMPONENT
6.1. Introduction
6.2. Software
6.3. Services
 
7. GLOBAL BRMS SOFTWARE MARKET ANALYSIS, BY DEPLOYMENT MODE
7.1. Introduction
7.2. On-premise 
7.3. Cloud 
 
8. GLOBAL BRMS MARKET ANALYSIS, BY END-USER INDUSTRY
8.1. Introduction
8.2. Retail
8.3. BFSI
8.4. Government & Defence
8.5. IT & Telecom
8.6. Manufacturing
8.7. Others
 
9. GLOBAL BRMS MARKET ANALYSIS, BY GEOGRAPHY
9.1. Introduction
9.2. North America 
9.2.1. North America  BRMS Market, by Deployment mode
9.2.2. North America BRMS Market, by Enterprise Size
9.2.3. North America  BRMS Market, by End-User Industry
9.2.4. North America  BRMS Market, by Country
9.2.4.1. The United States  
9.2.4.2. Canada  
9.2.4.3. Mexico 
9.3. South America  
9.3.1. South America  BRMS Market, by Deployment mode
9.3.2. South America  BRMS Market, by Enterprise Size
9.3.3. South America  BRMS Market, by End-User Industry
9.3.4. South America  BRMS Market, by Country
9.3.4.1. Brazil 
9.3.4.2. Argentina
9.3.4.3. Others
9.4. Europe 
9.4.1. Europe  BRMS Market, by Deployment mode
9.4.2. Europe  BRMS Market, by Enterprise Size
9.4.3. Europe  BRMS Market, by End-User Industry
9.4.4. Europe  BRMS Market, by Country
9.4.4.1. Germany
9.4.4.2. The United Kingdom
9.4.4.3. France
9.4.4.4. Italy
9.4.4.5. Others
9.5. Middle East and Africa 
9.5.1. Middle East and Africa  BRMS Market, by Deployment mode
9.5.2. Middle East and Africa  BRMS Market, by Enterprise Size
9.5.3. Middle East and Africa  BRMS Market, by End-User Industry
9.5.4. Middle East and Africa  BRMS Market, by Country
9.5.4.1. Saudi Arabia 
9.5.4.2. The United Arab Emirates
9.5.4.3. Others
9.6. Asia Pacific
9.6.1. Asia Pacific  BRMS Market, by Deployment mode
9.6.2. Asia Pacific  BRMS Market, by Enterprise Size
9.6.3. Asia Pacific  BRMS Market, by End-User Industry
9.6.4. Asia Pacific  BRMS Market, by Country
9.6.4.1. Japan  
9.6.4.2. China 
9.6.4.3. India
9.6.4.4. South Korea 
9.6.4.5. Others
 
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
 
11. COMPANY PROFILES
11.1. International Business Machines Corporation (IBM)
11.2. FICO 
11.3. Pegasystems Inc. 
11.4. Oracle Corporation
11.5. Fujitsu Limited
11.6. Inrule Technology, Inc.
11.7. Progress Software Corporation 
11.8. SAP SE 
11.9. Broadcom Inc. 
11.10. Software AG Inc
11.11. Agiloft, Inc.
11.12. Open Text Corporation
11.13. Newgen Software Technologies Ltd
11.14. Signavio GmbH
11.15. Decisions LLC

International Business Machines Corporation (IBM)

FICO

Pegasystems Inc.

Oracle Corporation

Fujitsu Limited

Inrule Technology, Inc.

Progress Software Corporation

SAP SE

Broadcom Inc. 

Software AG Inc

Agiloft, Inc.

Open Text Corporation

Newgen Software Technologies Ltd

Signavio GmbH

Decisions LLC


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