Press release
Business Process-as-a-Service Market Size, Status and Forecast 2025- QY Research, Inc.
BPaaS covers a host of vertically integrated components of hardware infrastructure, database, middleware and business application software, optimized processes, and people. Nowadays, BPaaS models have demonstrated successful outcomes for various business processes and are being increasingly adopted by small and medium enterprises (SMEs).
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The emergence of cloud computing services is identified to be one of the major trends in the market. Greater flexibility of application and service customization is attracting customers to adopt cloud computing and cloud-based services on a larger scale. Acting as intermediaries between cloud service providers and businesses, cloud service brokers provide management and maintenance services to enterprises. Additionally, they also provide deliver deduplication, security, and data protection services to enterprises.
Accounting and finance is expected to hold the largest share in the business process as a service market in 2025.Owing to rising adoption of cloud solutions, focus on accounting and finance has increased so as to achieve proficiencies and rebalance expenses on the system.
The Asia Pacific market is expected to register the highest CAGR during the forecast period. Growth in the region can be attributed to increasing number of startups coming up in the retail and consumer goods sectors in countries such as China, India, and Japan. North America holds the largest share in the market. The U.S. government and the healthcare sector in the country have extensively adopted business process as a service owing to soaring adoption of cloud computing. In addition, strategic agreements and partnerships are helping to create awareness among users, further boosting the market.
In 2017, the global Business Process-as-a-Service market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
Click to view the full report TOC, figure and tables: https://www.qyresearch.com/index/detail/578853/global-business-process-as-a-service-market
This report focuses on the global top players, covered
Accenture
Cognizant Technology Solutions
International Business Machines
Infosys
Tata Consultancy Services
...
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Market segment by Type, the product can be split into
HRM
Accounting and Finance
Sales and Marketing
Customer Service and Support
Procurement and Supply Chain
Operations
Legal and R&D
Market segment by Application, split into
BFSI
Telecom
Manufacturing
Healthcare
Government
Others
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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