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A BRMS enables defining, analyzing, executing, auditing, and maintaining a wide variety of business rules that are applied to complex decision logic within an organization. The software provides the ability to define relationships between different business rules and relate these business rules to various IT applications that need to be enforced with one or more of these business rules. Moreover, BRMS software and services are adopted for their major advantage, which is, the business rules are managed externally, away from the application code. This facilitates the business logic to be leveraged by multiple applications and changed independently from the governing applications. Support and maintenance services segment to grow at the highest cagr during the forecast period Support and maintenance services include the support related to the implementation and use of solutions, and are provided by BRMS vendors. Maintenance services facilitate upgrades to the existing systems and aid in solving product issues. Support services empower organizations to efficiently tackle service requests, such as end-user issues, technical issues, encryptions, and security issues. The business rules management system market comprises major providers, such as IBM (US), FICO (US), PEGASYSTEMS (US), Oracle (US), Progress Software (US),s SAP (Germany), Broadcom (US), ACTICO (Germany), SAS […]
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