Enterprises have become increasingly comfortable with the open source model for developing and deploying mission-critical applications. Depending on the operating environment, open source has the highest market growth, which is estimated at a CAGR of 31.2% from 2016 to 2022.
“The Business Rules Management System market has seen moderate growth in North America and Europe regions where North America had the largest share in 2014, but few regions such as Latin America, Middle East & Africa are expected to be the fastest growing markets in 2020 as compared to 2015”.
BRMS provides customized 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 BRMS market is expected to grow in the future mainly driven by operating environment and verticals. It is expected to grow at a CAGR of 17.5% during the period 2018-2024.
The small and medium enterprise (SMEs), and enterprises are expected to contribute a huge market share for BRMS over the year 2015–2020. The BRMS is a very strong tool for modern enterprises. It allows the organizations to incorporate complex decision logic into line of business application and quickly updates underlying business rules as market conditions change.
Also, the automation offers companies with competitiveness that will help them in understanding their position, strength and weakness. Among the operating environment open source has the highest market growth at an estimated CAGR of 31.2% during the period of 2015-2020. The increase in use of BRMS by SMEs will be one of the emerging trend in the market. Many organizations have understood the importance of customer service. Thus, they started using BRMS to understand the customers and change the business policies. It is expected that the BRMS market in SMEs will grow and will capture the highest market share by 2020. However, with the new developments the cost of the product will be increased, hampering the market.
- The Windows operating system market share is expected to contribute $259.8 million in 2015 to $519.8% million by 2020 at an estimated CAGR of 14.9% from 2015 to 2020.
- North America market is estimated to reach at a CAGR of 14.7% from 2015 to 2020.
- The BRMS market penetration in BFSI and healthcare is estimated to reach at a CAGR of 16.5% and 15.9%, respectively from 2015 to 2020.
- Logistic vertical is an emerging sector of BRMS market and it is estimated to reach at CAGR of 24.8% by 2020.
As a rule, technologies that entered in the other software market such as business process management (BPM) and service oriented architecture (SOA), began to compromise with the advantages of BRMS.
The BRMS adoption has been increasing every year in all verticals, such as banking, financial services and insurance (BFSI), healthcare, retail and manufacturing, contributing a positive growth in 2015 and expected the same growth by 2020 as well. The BRMS market penetration in BFSI and healthcare is more compared to the other verticals. Retail and manufacturing are the most emerging verticals in this market.
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Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Operating Environment: Market Size & Analysis
8 Verticals: Market Size & Analysis
9 Regions: Market Size & Analysis
10 End-users: Market Size & Analysis
11 Competitive Landscape
12 Company Profiles
12.1 InfoTrellis, Inc.
12.2 InRule Technology, Inc.
12.3 Newgen Software
12.4 Decide Soluciones
12.5 Decisions on Demand
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