#Business Rules Management system (BRMS) market share

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Business Rules Management System Market Share, Growth Prospects and Key Opportunities by 2025

The report "Business Rules Management System Market Growth by Component (Software and Services), Organization Size (Large Enterprises and SMEs), Deployment Type, Vertical (BFSI, Government and Defense, and Telecom and IT), and Region - Global Forecast to 2025", size is expected to grow from USD 1.0 billion in 2020 to USD 1.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The key factors that are expected to drive the growth of the market are the increasing need to manage regulatory and policy compliance and the growing need to improve process efficiency.

Software segment to hold a larger market size during the forecast period

A BRMS enables defining, analyzing, executing, auditing, and maintaining a wide variety of business rules that are applied to complex decision logic within an organization. The software provides the ability to define relationships between different business rules and relate these business rules to various IT applications that need to be enforced with one or more of these business rules. Moreover, BRMS software and services are adopted for their major advantage, which is, the business rules are managed externally, away from the application code. This facilitates the business logic to be leveraged by multiple applications and changed independently from the governing applications.

Support and maintenance services segment to grow at the highest cagr during the forecast period

Support and maintenance services include the support related to the implementation and use of solutions, and are provided by BRMS vendors. Maintenance services facilitate upgrades to the existing systems and aid in solving product issues. Support services empower organizations to efficiently tackle service requests, such as end-user issues, technical issues, encryptions, and security issues.

Retail & consumer goods vertical to grow at the highest CAGR during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals in the BRMS market, due to the rising consumer purchasing power. With the proliferation of online markets, retailers are adopting more innovative technologies, such as cloud computing, big data analytics, digital stores, and social networks. With the advent of online retailers and cloud technologies, the retail and consumer goods vertical has experienced major disruptions.

North America to account for the highest market share during the forecast period

North America is expected to dominate in the market, due to several factors, such as large investments in BRMS software, better receptiveness to the adoption of new and emerging technologies, and high penetration of the internet. The market has been steadily showing positive trends in the region, as several enterprises, including government agencies, are adopting BRMS software and services at various levels as a part of their strategy to sustain in the market and increase their productivity by improving the application performance.

The major players in the business rules management system market are IBM (US), FICO (US), PEGASYSTEMS (US), Oracle (US), Progress Software (US), SAP (Germany), Broadcom (US), ACTICO (Germany), SAS (US), InRule Technology (US), Software AG (Germany), OpenText (Canada), Newgen Software (India), Fujitsu (Japan), Experian (Ireland), Sparkling Logic (US), Business Rule Solutions (US), Decisions LLC (US), TIBCO (US), Intellileap (India), Agiloft (US), Signavio (Germany), Decision Management Solutions (US), CNSI (US), and Decisions on Demand (US). The study includes an in-depth competitive analysis of key players in the business rules management system market with their company profiles, recent developments, and key market strategies.

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“BUSINESS RULES MANAGEMENT SYSTEM Market ”report focuses on the market status, future forecast, growth opportunities, market trends and leading players.

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Business Rules Management System Market Regional Analysis, Key Players, Industry Segments, Development, Opportunities, Forecast to 2027

Market Overview

According to Market Research Future, the global business rules management system market has been segmented based on component, organization size, deployment, vertical, and region/country.

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, compiling 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.

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 & defence, IT & telecom, manufacturing, healthcare, energy & utility, transportation & logistics, and others. The BFSI segment is likely to dominate the market, accounting for the highest market share during the study period mainly due to the growing focus of enterprises in providing banking and financial services to their individual and commercial customers and increasing their operational efficiency.

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

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10470

Regional Analysis

By region, the business rules management system market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is projected to account for the largest market share due to the higher adoption of advanced technology solutions and services in the region. Furthermore, benefits offered by BRMS, such as a wide range of capabilities, enabling smarter and customized decisions, and enriching customer experience, contribute to the growth of the regional market.

Key Players

The key players operating in the global business rules management system market 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).

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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Allergan Biocell Breast implant lawsuits are not part of a class action.  Many victims are searching google for information about: “textured breast implant lawsuit” as well as “Allegan smooth implants.” Some victims are surprised that there is no Allergan Biocell class action. However, the lack of a Breast implant class action does not mean that a victim cannot file a breast implant lawsuit. Biocell Breast implants are the subject of  a major mass tort litigation. There may be another wave of breast implant lawsuits on the way regarding the breast implant, Biocell. The Biocell implant lawsuits will take some time to proceed to trial.

Instead of the risk of leakage and rupture, Allergan’s Biocell breast implant is a carcinogen and has now been recalled from the market.

Biocell breast implants according to the FDA, causes BIA-ALCL which  is a type of non-Hodgkin’s lymphoma, a cancer of the immune system.

ALCL is otherwise known as Anaplastic Large Cell Lymphoma.

Women who have been sickened by this implant have now begun to file lawsuits against the company.

The lawsuits are still in their early stages and are part of an MDL in Federal Court in New Jersey.

Lawsuits can also be filed in state court multi-county litigation in New Jersey.

Biocell Breast implant lawsuit

ALLERGAN BIOCELL BREAST IMPLANT LAWSUIT

These lawsuits are filed against:

Allergan, Inc.,

Allergan USA, Inc.,

Allergan plc.

Update- 5-6-21- “HACKENSACK, N.J. — The judge overseeing the New Jersey Allergan Biocell breast implant multicounty litigation has refused to dismiss claims of strict liability and negligent failure to warn that are based upon allegations that the company did not disclose to the FDA the risk of cancer posed by the implants.

However, in the May 4 opinion, Judge Rachelle L. Harz of the Bergen County (N.J.) Superior Court dismissed the claims based upon Allergan’s alleged failure to update the implants’ warnings via the federal permissive Changes Being Effected process…” Harris Martin

3/22/2021- “A federal judge in New Jersey has shut down part of a multi-district lawsuit against Allergan over its Biocell textured breast implants but kept most other parts of the litigation. Judge Brian Martinotti ruled on March 19 that some of the plaintiffs’ claims against Allergan (now part of AbbVie) were preempted by federal law while most others could stand — including one alleging that Allergan failed to report adverse events related to Biocell implants to the FDA.” Mass. device

October 1, 2020- “recently published study links breast implant-associated anaplastic large cell lymphoma (BIA-ALCL) to implants manufactured by seven pharmaceutical companies. In addition to Allergan, the manufacturer of Biocell textured breast implants, the study names Mentor Worldwide, a unit of Johnson & Johnson, Silimed Polyurethane, Eurosilicone, Nagor, Orion, and Poly Implant Prothèse. Allergan faces at least 150 product liability and class action lawsuits. Mentor faces a smaller number, and none of the others are yet facing litigation.” Lawyers and settlements

8/24/2020- “Three more women have died from a cancer associated with certain kinds of breast implants—all within a six-month period starting just weeks before those implants were recalled. At least 36 women have now died of a cancer known as BIA-ALCL, for “breast implant–­associated anaplastic large cell lymphoma,” according to data the U.S. Food and Drug Administration released last week. The disease, which is not a breast cancer, has been linked in academic studies to a “textured” type of breast implants made by several manufacturers, and has especially affected patients with implants made by Allergan. In July 2019, after at least 33 women had died from BIA-ALCL, Allergan complied with an FDA request to voluntarily recall its textured implants. But the disease associated with those implants continued to claim lives, as I reported in a Fortune investigation earlier this year.” Fortune

6/1/2020- “On June 1, 2020, Allergan launched a dedicated multi-channel campaign to contact patients who may not be aware of the July 24, 2019, recall of BIOCELL textured breast implants and tissue expanders.  People who are not aware of the BIOCELL recall or do not know the type of implant they have or their implant history, should:

Contact go to www.BIOCELLinformation.com to reach out to Allergan Aesthetics to determine if the company has their implant information.

Contact their surgeon or hospital where they received implants to determine if the surgeon or hospital has records of their implant information.” FDA Biocell recall

A recently published study links breast implant-associated anaplastic large cell lymphoma (BIA-ALCL) to implants manufactured by seven pharmaceutical companies. In addition to Allergan, the manufacturer of Biocell textured breast implants, the study names Mentor Worldwide, a unit of Johnson & Johnson, Silimed Polyurethane, Eurosilicone, Nagor, Orion, and Poly Implant Prothèse. Allergan faces at least 150 product liability and class action lawsuits. Mentor faces a smaller number, and none of the others are yet facing litigation.

7-30-19- “On July 30, 2019, Allergan announced it has created a BIOCELL Replacement Warranty for all customers that currently have BIOCELL textured implants (“the Warranty”). The Warranty provides that Allergan will provide Allergan smooth implants to replace the BIOCELL textured implants. However, Allergan will not provide any surgical fee assistance or reimbursement for the surgery to remove the BIOCELL textured implants and replace them with Allergan smooth implants. The Warranty will run for 24 months, until July 24, 2021, and will apply only to revision surgeries on or after the date of the FDA’s recall, July 24, 2019. ” Lawsuit complaint

“…provides free smooth Allergan implant replacement.”

“If a customer with a BIOCELL textured implant is diagnosed with BIA-ALCL, under the NATRELLE Confidence Plus Warranty, the customer will be reimbursed for diagnostic fees up to $1,000 and up to $7,500 in surgical fees related to diagnosing and treating BIA-ALCL.” Id.

“… It applies to customers who are diagnosed with BIA-ALCL. The Warranty’s reimbursement of $1,000 for diagnostic fees and $7,500 for surgical removal and cancer treatment…”  Id.

7/24/19- “Allergan’s announcement on July 24, 2019, of a voluntary worldwide recall of its BIOCELL textured breast implants and tissue expanders. The announcement followed the U.S. Food and Drug Administration’s request to initiate the recall based on the risk of breast-implant associated anaplastic large cell lymphoma (BIA-ALCL) associated with the products. ” TRANSFER ORDER

12/1/ 18- “In December 2018, Allergan’s BIOCELL textured implants lost their European certification and were suspended from the European and Brazilian markets. Allergan textured implants were banned in France in April 2019. Allergan’s BIOCELL textured implants were banned in Canada in May 2019. ” Lawsuit complaint

MULTIDISTRICT LITIGATION IN FEDERAL COURT

Name of MDL is “ALLERGAN BIOCELL TEXTURED BREAST IMPLANT PRODUCTS LIABILITY LITIGATION.”

Court: UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY

Get all case management orders here.

“These matters having been transferred to this Court by order of the Judicial Panel on Multidistrict Litigation pursuant to its order of December 18, 2019…” INITIAL CASE MANAGEMENT ORDER

Case No. 2:19-md-02921 (BRM)(JAD)  MDL NO. 2921

Presiding judges: JUDGE BRIAN R. MARTINOTTI , JUDGE JOSEPH A. DICKSON

Why was case  transferred to New Jersey? UNITED STATES JUDICIAL PANEL on MULTIDISTRICT LITIGATION  reasoned that, “We conclude that the District of New Jersey is an appropriate transferee forum. Allergan USA, Inc., has its headquarters and principal place of business in this district, and represented at oral argument that significant common evidence, including witnesses, will be located there. Further, centralization in the District of New Jersey enables us to assign this litigation to Judge Brian R. Martinotti, an experienced transferee judge with the ability and willingness to manage this litigation. We are confident he will steer this matter on a prudent course.” Class action

“All actions share complex factual questions arising from the allegation that Allergan’s BIOCELL textured breast implants and tissue expanders significantly increase the risk of developing BIA-ALCL, and that Allergan failed to warn the FDA, patients, and healthcare providers of this risk. The common factual questions include: (1) whether BIOCELL textured breast implants and tissue expanders can cause BIA-ALCL; (2) whether defendants knew or should have known of the risk of BIA-ALCL; (3) whether they provided adequate warnings as to the risk; and (4) the adequacy of defendants’ product.” TRANSFER ORDER

Where did the parties request the Federal Court  to send the lawsuits? “The Allergan defendants request centralization in the District of New Jersey. Responding plaintiffs variously propose the Central District of California, the Southern District of New York, the Southern District of Florida, and the District of Kansas.” TRANSFER ORDER

NEW JERSEY STATE COURT ALLERGAN BIOCELL MULTICOUNTY LITIGATION

“This Notice is to advise that the Supreme Court, after considering the application and the comments received, has determined to designate cases involving allegations against Allergan, Inc., and Allergan USA, Inc. as  Multicounty litigation. The Court has assigned this MCL to Bergen County for centralized case management by Superior Court Judge Rachelle Harz.” Notice to bar

“Allergan Biocell Textured Breast Implants are products alleged to cause breast implant-associated anaplastic large cell lymphoma. On May 5, 2020, the Supreme Court designated pending and future New Jersey state court litigation alleging injuries from implantation of Allergan Biocell Textured Breast Implants as multicounty litigation and assigned it to Bergen County for centralized management.” NJ Courts

IN RE: ALLERGAN BIOCELL TEXTURED BREAST IMPLANT PRODUCTS LIABILITY LITIGATION

SUPERIOR COURT NEW JERSEY

Read the initial case management order here.

ALLERGAN SOLD BIOCELL IMPLANTS UNTIL THEY WERE RECALLED

Allergan was the manufacturer of a breast implant called Natrelle Biocell. The company was one of the leaders in the global market for female breast implants. Although the company’s sales figures for this product were not notionally large, they were one of the larger worldwide makers of breast implants. Before the product ran into major trouble, annual sales were over a quarter of a billion dollars. Allergan started selling breast implants in 2006 and immediately moved to a position of market leadership. Thus, there are many thousands of women worldwide who have these particular Biocell implants in their bodies. The FDA estimated the number at hundreds of thousands.

IMPLANTS TEXTURED INSTEAD OF SMOOTH

The Allergan breast implants were different from many other breast implants on the markets in that they were textured instead of smooth. The reason why the implants are textured is to allow scar tissue to stick to the implant. This will make it less likely to move around in the body. However, they do take longer to settle into the body.

BIOCELL IMPLANTS WERE LINKED TO A RARE FORM OF CANCER

For Allergan, the problems with Biocell implants began when data showed that women who had these implants were more likely to develop a certain rare type of cancer. The first reports of the elevated risk were made by the FDA itself, but the regulator did not order the product pulled from the market. In January 2018, a Dutch research study actually quantified the risk that a woman would develop ALCL from these implants.

In November 2018, NBC News investigated and found that there were over 400 adverse event reports filed in the FDA system that linked these breast implants with cancer. These adverse event reports detail 33 deaths from this type of cancer linked with breast implants.

ANAPLASTIC LARGE CELL LYMPHOMA (ALCL)

The actual cancer that these women were found to have was not breast cancer. Instead, it was a form of cancer called Anaplastic large cell lymphoma (ALCL). This is a rare type of blood cancer. ALCL is so rare that only 1,400 cases of it per year were previously diagnosed. Depending on the type of ALCL, the five-year survival rate is between 70-90%. Nonetheless, the disease is a form of cancer that exposes patients to a potentially deadly condition and takes away from their quality of life.

At the time that NBC News broke the story about the elevated risk of ALCL tied to textured breast implants, the FDA was already in the middle of its own investigation. However, as is usually the case with potentially dangerous medications and medical devices, it was the European regulators who acted first.

ALLERGAN PULLED THE PRODUCT OFF THE EUROPEAN & AMERICAN MARKET

Not long after public reports of the cases of ALCL, French regulators asked Allergan to withdraw the product from the market and took away its approval to sell the product in France. This took textured breast implants off the market in all of Europe. The FDA lagged behind European regulators in taking action. Initially, the FDA indicated that it did not intend to recall the product in the U.S. However, in July 2019, the FDA asked Allergan to recall its textured breast implants from the market. The company recalled all of the styles of its Natrelle Biocell breast implants that it produced.

ALLERGAN’S PRODUCTS WAS SIX TIMES THAT OF THE OTHER TEXTURED IMPLANTS

According to the FDA, while all textured implants raise the risk of ALCL, the risk associated with Allergan’s products was six times that of the other textured implants. The FDA noted that a large majority of ALCL cases from breast implants were from Allergan’s textured implants. The regulator did not advise that women who already had these implants get them removed. Instead, they advised women to work with their healthcare provider to continue to monitor the situation.

Even after Allergan issued the recall, the company still did not fulfill its obligations to the FDA after the recall. The company was required to complete a safety study as a condition of its approval for the product by the FDA. However, almost a year after the recall, Allergan was not making sufficient progress in the studies. As a result, the FDA issued a warning letter to Allergan.

OVER 100 LAWSUITS FOR ALCL HAVE BEEN FILED AGAINST ALLERGAN TO DATE

Women are beginning to file lawsuits against the company for the harm that they allegedly suffered from Allergan breast implants. Currently, there are a number of lawsuits concentrated in New Jersey. There are federal lawsuits that have been granted multidistrict status. In addition, there are state lawsuits that have just been granted multicounty status by New Jersey state court.

At the time that the plaintiffs’ attorneys filed the request to consolidate into a multicounty lawsuit, there were six state court lawsuits outstanding. There are expectations that up to 100 state court lawsuits may be filed in the future.

THE FEDERAL MULTIDISTRICT LITIGATION IS IN THE DISTRICT OF NEW JERSEY

The federal multidistrict litigation is in the District of New Jersey. The initial status conference was held in January 2020 and the court continues to hold status conferences in the case. Currently, Allergan is working on motions to dismiss the case, even though these cases rarely end up being dismissed. As of July 2020, there were 143 actions pending in this MDL. These cases are still in their early phases, and it may be some time before they proceed to trial.

$5 MILLION BIOCELL CLASS ACTION LAWSUIT IN FLORIDA

In addition, two women filed a $5 million class action lawsuit in Florida in connection with the allegedly defective implants. This case was related to the cost of surgery to replace implants that are already in women’s bodies. This is different from the product liability personal injury lawsuits that have been consolidated in federal and state courts in New Jersey. Thus, there are both consumer and injury lawsuits open right now.

COURT RESTRICTED HOW ALLERGAN COULD COMMUNICATE WITH POTENTIAL CLASS MEMBERS

Even after the lawsuit had been filed, Allergan was accused of conduct that, if true, would border on the unethical. Allergan contacted potential class members who had received the textured implants and offered to replace their implants free of charge. Included in the offer was the fact that the women would be releasing Allergan from liability if they accepted the new implants. The women accused Allergan of trying to trick them into waiving their lawsuit rights. As a result, the court issued an order that restricted how Allergan would be able to communicate with potential class members, presumably to prevent the company from trying to persuade class members to waive their litigation rights.

BREAST IMPLANT LAWYER

If you are a woman who has received Biocell implants from Allergan, you should be vigilant about any symptoms that you are not well. You should proactively work with your physician to monitor your condition. Legally, if you have developed ALCL after receiving Allergan breast implants, you may be entitled to substantial financial compensation. You should contact a product liability lawyer to learn more about your legal rights and how you would file your own lawsuit against the company.

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Business Rules Management System Market Size, Growth, Key Manufacturer Analysis and Forecast to 2027

SUMMERY:

Market Research Future published a research report on “Business Rules Management System Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Highlights:

According to Market Research Future, the global business rules management system market has been segmented based on component, organization size, deployment, vertical, and region/country.

 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, compiling 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.

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 BFSI segment is likely to dominate the market, accounting for the highest market share during the study period mainly due to the growing focus of enterprises in providing banking and financial services to their individual and commercial customers and increasing their operational efficiency.

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

 Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/10470

 Key Players

The key players operating in the global business rules management system market 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).

 Regional Analysis

By region, the business rules management system market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is projected to account for the largest market share due to the higher adoption of advanced technology solutions and services in the region. Furthermore, benefits offered by BRMS, such as a wide range of capabilities, enabling smarter and customized decisions, and enriching customer experience, contribute to the growth of the regional market.

 Access Full Report @ https://www.marketresearchfuture.com/reports/business-rules-management-system-market-10470

 About Market Research Future:

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

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

 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.

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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.

 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.

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The Business Rules Management System (BRMS) Market research report for the forecast period, 2018 to 2026 is an outcome of an extensive market study of the Business Rules Management System (BRMS) market and its performance across different regions.

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A business rule management system is a system software which is efficiently utilized to describe and organize along with accomplishment and observing to manage the complication and variability of decision logic which is significant used by the operational systems in the organization or enterprise. The development of business management systems into several verticals includes the information technology and manufacturing, healthcare, travel, logistics and transportation industry is the growing trend in the business rule management system market. Moreover, the business management systems deliver an efficient solution to respond speedily for all the categories of business policies and guidelines way more significant than the traditional techniques.

Furthermore, the players of this market are playing an important role by improving the specifications of these systems across the all sorts of business. According to the report analysis, ‘Global Business Rules Management System (BRMS) Market, By [Operating Environments, Industry Verticals (Retail, Manufacturing, BFSI, Healthcare, Aerospace & Defense, IT & Telecom, Logistics, Government, Travel & Transportation), End-users, Regions] - Trends & Forecast: 2015-2020’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the foremost value of market share across the globe throughout the short span of time while increase the business rules management systems usage in verticals and decrease in the switching and initial cost includes Software AG, Progress Software Corporation, FICO, Sparkling Logic, Inc., Appian, Oracle, IBM, Red Hat, Fujitsu, Bosch, InfoTrellis, Inc., InRule Technology, Inc., Newgen Software, Decide Soluciones, Decisions on Demand and several others. Not only has this, the potential players of this market are doing effective developments in the technology of these systems and expected to integrate with the IT companies for protecting the information and generating the handsome value of revenue in the coming years more positively.

The Global Business Rule Management System (BRMS) market is predicted to increase in the future majorly propelled by operating environment and verticals. Global BRMS market is anticipated to increase at a handsome CAGR of 17.8% during the period from 2015-2020 respectively. Between the other operating environments open source has the maximum market growth at an expected CAGR of 31.2% from 2015 to 2020. The BFSI and health care industry segment has the uppermost revenue and is anticipated to rise at a CAGR of 16.5% and 15.9% respectively from 2015-2020.

Although, the enterprises rising requirement for the organizational approachability and suppleness are among some aspects fueling the business rule management system market with the supplementary features such as deduction in time to market, depletion in the total operational and conservation cost, dependable business planners and by delivering the exceedingly robust platforms for businesses.

Nonetheless, the automation, significant rise in the acceptance of the service oriented architecture, low cost and reusable rules, updates and versions are the some foremost factors for fostering the market growth more positively in the coming years. Therefore, in the near future, it is predicted that the market of business rules management system will increase around the globe more significantly over the forecasted period.

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Global Business Rules Management System (BRMS) Market

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The Global Business Rules Management system (BRMS) market is expected to reach US$1,575.743 million in 2025 from US$831.538 million in 2020, growing at a CAGR of 11.24%.A Business Rule Management System or BRMS is a system software which is used to define and deploy along with execution and monitoring to maintain the complexity and variety of decision logic which is used by operational systems in an organization or enterprise.

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Business Rules Management System Market Innovations, Technology Growth and Research -2025

The report "Business Rules Management System Market Forecast by Component (Software and Services), Organization Size (Large Enterprises and SMEs), Deployment Type, Vertical (BFSI, Government and Defense, and Telecom and IT), and Region - Global Forecast to 2025", size is expected to grow from USD 1.0 billion in 2020 to USD 1.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The key factors that are expected to drive the growth of the market are the increasing need to manage regulatory and policy compliance and the growing need to improve process efficiency.

Software segment to hold a larger market size during the forecast period

A BRMS enables defining, analyzing, executing, auditing, and maintaining a wide variety of business rules that are applied to complex decision logic within an organization. The software provides the ability to define relationships between different business rules and relate these business rules to various IT applications that need to be enforced with one or more of these business rules. Moreover, BRMS software and services are adopted for their major advantage, which is, the business rules are managed externally, away from the application code. This facilitates the business logic to be leveraged by multiple applications and changed independently from the governing applications.

Support and maintenance services segment to grow at the highest cagr during the forecast period

Support and maintenance services include the support related to the implementation and use of solutions, and are provided by BRMS vendors. Maintenance services facilitate upgrades to the existing systems and aid in solving product issues. Support services empower organizations to efficiently tackle service requests, such as end-user issues, technical issues, encryptions, and security issues.

Retail & consumer goods vertical to grow at the highest CAGR during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals in the BRMS market, due to the rising consumer purchasing power. With the proliferation of online markets, retailers are adopting more innovative technologies, such as cloud computing, big data analytics, digital stores, and social networks. With the advent of online retailers and cloud technologies, the retail and consumer goods vertical has experienced major disruptions.

North America to account for the highest market share during the forecast period

North America is expected to dominate in the market, due to several factors, such as large investments in BRMS software, better receptiveness to the adoption of new and emerging technologies, and high penetration of the internet. The market has been steadily showing positive trends in the region, as several enterprises, including government agencies, are adopting BRMS software and services at various levels as a part of their strategy to sustain in the market and increase their productivity by improving the application performance.

The major players in the business rules management system market are IBM (US), FICO (US), PEGASYSTEMS (US), Oracle (US), Progress Software (US), SAP (Germany), Broadcom (US), ACTICO (Germany), SAS (US), InRule Technology (US), Software AG (Germany), OpenText (Canada), Newgen Software (India), Fujitsu (Japan), Experian (Ireland), Sparkling Logic (US), Business Rule Solutions (US), Decisions LLC (US), TIBCO (US), Intellileap (India), Agiloft (US), Signavio (Germany), Decision Management Solutions (US), CNSI (US), and Decisions on Demand (US). The study includes an in-depth competitive analysis of key players in the business rules management system market with their company profiles, recent developments, and key market strategies.

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Business Rules Management System (BRMS) Market Analysis, Share, Revenue And Forecast 2026

A recent study on the Business Rules Management System (BRMS) market applies both primary and secondary research techniques to accumulate vital statistics about the competitive business landscape of the Business Rules Management System (BRMS) market for the forecast period 2019 - 2026. The latest market intelligence report provides business owners, stakeholders and field marketing executives’ critical insights about the opportunities as well as strengths to help keep up with the dramatic shift in the consumer behavior and consumption power. The study methodologies used to examine the Business Rules Management System (BRMS) market for the forecast period, 2019 - 2026 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

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Companies considered and profiled in this market study

IBM, Pegasystems, FICO, Oracle, CA Technologies, Newgen Software, Red Hat, Object Connections, Sparkling Logic, OpenText, Software AG , SAS,  Fujitsu, ACTICO, Intellileap, Signavio,  Agiloft, Decisions LLC, Experian Information Solutions, Business Rule Solutions, TIBCO, SAP, Bosch, InRule , Progress Software, Decision Management Solutions

Scope of the Report:

The research methodologies used for evaluating the Business Rules Management System (BRMS) market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility. The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.

Deployment Outlook (Revenue, USD Million; 2018-2026)

On-premises

Cloud

Organization size Outlook (Revenue, USD Million; 2018-2026)

Small and Medium-sized Enterprises (SMEs)

Large enterprises

Service Type Outlook (Revenue, USD Million; 2018-2026)

Integration and deployment

Training and consulting

Support and maintenance

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End user Outlook (Revenue, USD Million; 2018-2026)

Government and defense

Banking, Financial Services, and Insurance (BFSI)

Telecom and IT

Manufacturing

Others

Regional Outlook (Revenue, USD Million; 2016-2026)

 U.S.

 France

 UK

 China

 India

 Japan

 Brazil

The research provides answers to the following key questions:

•             What is the estimated growth rate of the Business Rules Management System (BRMS) market for the forecast period 2019 - 2026? What will be the market share and size of the industry during the estimated period?

•             What are prime factors expected to drive the Business Rules Management System (BRMS) industry for the estimated period?

•             What are the major market leaders and what has been their winning strategy for success so far?

•             What are the significant trends shaping the growth prospects of the Business Rules Management System (BRMS) market?

•             What are the key challenges expected to restrict the progress of the industry for the forecast period, 2019 - 2026?

•             What the opportunities product owners can bank on to generate high profits?

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Business Rules Management System (BRMS) Market, Size, Share, Market Intelligence, Company Profiles And Trends Forecast To 2025

Business Rules Management System (BRMS) Industry

Description

The ‘Global Business Rules Management System (BRMS) Industry, 2015-2025 Market Research Report’ Is A Professional And In-Depth Study On The Current State Of The Global Business Rules Management System (BRMS) Industry With A Focus On The Global Market. The Report Provides Key Statistics On The Market Status Of The Business Rules Management System (BRMS) Manufacturers And Is A Valuable Source Of Guidance And Direction For Companies And Individuals Interested In The Industry.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Business Rules Management System (BRMS) market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

This report studies the global Business Rules Management System (BRMS) market, analyzes and researches the Business Rules Management System (BRMS) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like

SAP Bosch Decide Soluciones. Decisions on Demand FICO Fujitsu IBM InRule Technology, Inc. InfoTrellis, Inc. Newgen Software. Oracle Progress Software Corporation Red Hat Software AG Sparkling Logic, Inc.

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Market segment by Regions/Countries, this report covers United States EU Japan China India Southeast Asia

Market segment by Type, the product can be split into User-friendly Interface Supporting Rules Monitoring & Reporting Providing Rule Repsitory Supporting Natural Language Others

Market segment by Application, the market can be split into Financial Services Insurance Healthcare Retail Manufacturing Logistics Others

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Table of Contents

2018-2025 Business Rules Management System (BRMS) Report on Global and United States Market, Status and Forecast, by Players, Types and Applications 1 Industry Overview of Business Rules Management System (BRMS) 1.1 Business Rules Management System (BRMS) Market Overview 1.1.1 Business Rules Management System (BRMS) Product Scope 1.1.2 Market Status and Outlook 1.2 Global Business Rules Management System (BRMS) Market Size and Analysis by Regions 1.2.1 United States 1.2.2 EU 1.2.3 Japan 1.2.4 China 1.2.5 India 1.2.6 Southeast Asia 1.3 Business Rules Management System (BRMS) Market by Type 1.3.1 User-friendly Interface 1.3.2 Supporting Rules Monitoring & Reporting 1.3.3 Providing Rule Repsitory 1.3.4 Supporting Natural Language 1.3.5 Others 1.4 Business Rules Management System (BRMS) Market by End Users/Application 1.4.1 Financial Services 1.4.2 Insurance 1.4.3 Healthcare 1.4.4 Retail 1.4.5 Manufacturing 1.4.6 Logistics 1.4.7 Others

…

3 Company (Top Players) Profiles 3.1 SAP 3.1.1 Company Profile 3.1.2 Main Business/Business Overview 3.1.3 Products, Services and Solutions 3.1.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.1.5 Recent Developments 3.2 Bosch 3.2.1 Company Profile 3.2.2 Main Business/Business Overview 3.2.3 Products, Services and Solutions 3.2.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.2.5 Recent Developments 3.3 Decide Soluciones. 3.3.1 Company Profile 3.3.2 Main Business/Business Overview 3.3.3 Products, Services and Solutions 3.3.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.3.5 Recent Developments 3.4 Decisions on Demand 3.4.1 Company Profile 3.4.2 Main Business/Business Overview 3.4.3 Products, Services and Solutions 3.4.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.4.5 Recent Developments 3.5 FICO 3.5.1 Company Profile 3.5.2 Main Business/Business Overview 3.5.3 Products, Services and Solutions 3.5.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.5.5 Recent Developments 3.6 Fujitsu 3.6.1 Company Profile 3.6.2 Main Business/Business Overview 3.6.3 Products, Services and Solutions 3.6.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.6.5 Recent Developments 3.7 IBM 3.7.1 Company Profile 3.7.2 Main Business/Business Overview 3.7.3 Products, Services and Solutions 3.7.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.7.5 Recent Developments 3.8 InRule Technology, Inc. 3.8.1 Company Profile 3.8.2 Main Business/Business Overview 3.8.3 Products, Services and Solutions 3.8.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.8.5 Recent Developments 3.9 InfoTrellis, Inc. 3.9.1 Company Profile 3.9.2 Main Business/Business Overview 3.9.3 Products, Services and Solutions 3.9.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.9.5 Recent Developments 3.10 Newgen Software. 3.10.1 Company Profile 3.10.2 Main Business/Business Overview 3.10.3 Products, Services and Solutions 3.10.4 Business Rules Management System (BRMS) Revenue (Value) (2013-2018) 3.10.5 Recent Developments 3.11 Oracle 3.12 Progress Software Corporation 3.13 Red Hat 3.14 Software AG 3.15 Sparkling Logic, Inc.

4 Global Business Rules Management System (BRMS) Market Size by Type and Application (2013-2018) 4.1 Global Business Rules Management System (BRMS) Market Size by Type (2013-2018) 4.2 Global Business Rules Management System (BRMS) Market Size by Application (2013-2018) 4.3 Potential Application of Business Rules Management System (BRMS) in Future 4.4 Top Consumer/End Users of Business Rules Management System (BRMS)

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[amplemarket]

New Study Released: Business Rules Management System (BRMS) market

he Global Business Rules Management System (BRMS) market is estimated to reach $636.7 million in 2015 to $1,443.9 million by 2020 at an estimated CAGR of 17.8% from 2015 to 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. Enterprises have become increasingly comfortable with the open source model for developing and deploying mission-critical applications, according to AMR. Depending on the operating environment, open source has the highest market growth, which is estimated at a CAGR of 31.2% from 2015 to 2020.   “The BRMS 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”, According to the Study. 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.   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. Essential Takeaways:

• 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.

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

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

 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.

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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.

 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.

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