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Home: Technology News: Business Rules Management System Market will reach $1.41 Billion by 2023 (EMAILWIRE.COM, April 11, 2019 ) Business Rules Management System solutions enable automated processing of rules based on business needs and the reuse of business rules across multiple applications and responds faster to any change. Enterprises are rapidly adopting BRMS software, as it provides various benefits, such as the Line of Business (LOB) control over implemented decision logics, no dependency on IT teams for changing the business rules, improved operational efficiency, and reduced costs. MarketsandMarkets expects the Business rules management system market size to grow from USD 0.84 Billion in 2018 to USD 1.41 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.0% Major technology vendors in the BRMS market include • IBM (US) • FICO (US) • Pegasystems (US) • Oracle (US) • CA Technologies (US) • Red Hat (US) • Object Connections (Australia) • Sparkling Logic (US), OpenText (Canada) • Software AG (Germany) • SAS (US) • ACTICO (Germany) and many more. The report provides detailed insights into the BRMS market by region, segment, and verticals. The market by component has been further segmented into solution and services. The services considered for the BRMS market include integration and deployment, support and maintenance, and training and consulting. Support and maintenance services include support related to the implementation and use of solutions provided by the BRMS vendors. Maintenance services facilitate upgrades to the existing systems and assist in solving issues of products. These services ensure uninterrupted operating of the BRMS software deployed in organizations. North America is estimated to have the largest market size in 2018, owing to the presence of several vendors and huge investments toward adopting BRMS solutions in the region. The market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid development of the required infrastructure and the increasing need to adopt newer technologies. Download PDF Brochure ! MarketsandMarkets™ Mr. Shelly Singh 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.com

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