What is the current Business Rules Management Systems Market size?

The Business Rules Management Systems Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029) Read More

Who are the key players in Business Rules Management Systems Market?

IBM Corporation, Pegasystems Inc., FICO Inc,, Oracle Corporation and Broadcomm Inc. are the major companies operating in the Business Rules Management Systems Market. Read More

Which is the fastest growing region in Business Rules Management Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Business Rules Management Systems Market?

In 2024, the North America accounts for the largest market share in Business Rules Management Systems Market. Read More

What years does this Business Rules Management Systems Market cover?

The report covers the Business Rules Management Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Business Rules Management Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Business Rules Management Systems Market Share

Statistics for the 2023 & 2024 Business Rules Management Systems market share, created by Mordor Intelligence™ Industry Reports. Business Rules Management Systems share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Business Rules Management Systems Industry

The market for business rule management systems is a moderately fragmented market with the presence of many established international players like IBM Corporation, Oracle Corporation, Robert Bosch, etc., operating in the global market. Additionally, these companies are competing with less or no product differentiation. Hence, these companies are actively looking forward to making alliances & acquisitions, and product innovations to gain more market share.

In October 2022, Oracle unveiled a slew of new product developments across its broad portfolio of data and analytics products. Decision-makers now have a prebuilt library of more than 2,000 best-practice KPIs, dashboards, and reports to monitor performance against strategic goals, thanks to new capabilities in Oracle Fusion Analytics spanning CX, ERP, HCM, and SCM analytics. The recent Oracle Analytics Cloud (OAC) improvements were intended to increase business users' productivity by reducing their dependency on IT while benefiting from curated data assets developed by IT, such as the centralized semantic model.

In October 2022, Micro Focus announced an integration of its mainframe application modernization solution with Google Cloud's Dual Run product. Dual Run, announced at Google Cloud Next, uses Micro Focus production platform technology to accelerate, automate, and minimize the risk of migrating mainframe applications to Google Cloud.