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.
Business Rules Management System Market Leaders
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IBM Corporation
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Pegasystems Inc.
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FICO Inc,
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Oracle Corporation
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Broadcomm Inc.
*Disclaimer: Major Players sorted in no particular order
