Global Business Rules Management System (BRMS) Market By Size, Share, Trends, Growth, Forecast 2026 | TechSci Research

Global Business Rules Management System (BRMS) market is forecast to exhibit a CAGR of more than 7% during the forecast period, growing from approximately $ 689 million in 2020, on account of surging demand for managing regulatory and policy compliance needs, globally. Business rules management system (BRMS) is a software used to install, outline, perform and monitor the complexity of decision logic used in an organization. Moreover, enterprises are adopting BRMS software, as it offers low dependency on IT team for changing business rules, lower costs and Line of Business (LOB) control over implemented decision logics, etc.

Global Business Rules Management System (BRMS) market is gaining traction and expanding to various regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa. In 2020, North America dominated the global Business Rules Management System (BRMS) market and the trend is likely to continue during the forecast period, backed by huge investments in BRMS solutions in economies such as US and Canada.

Major players operating in global Business Rules Management System (BRMS) market are Oracle Corporation, International Business Machines Corporation (IBM), CA Technologies, Inc., Fair Isaac Corporation and Pegasystems Inc., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2020, IBM updated its BRMS system, which now supports decision modeling. In the same year, Red Hat Inc. also updated its BRMS software with Decision Manager 7.
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