The 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 Publisher.
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”.
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.