Press release
BUSINESS PROCESS AS A SERVICE (BPAAS) MARKET ANALYSIS COVERS TOP PLAYERS: IBM, SAP SE, ORACLE, ACCENTURE, CAPGEMINI, FUJITSU, TCS MORE TILL 2025
SDMR
The large enterprises segment is expected to have the largest market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets to consider the adoption of the as-a-service model for their business processes. The Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at the highest rate, owing to the high adoption of BPaaS solutions among the SMEs to gain operational efficiency and result in decreased CAPEX, desired outcomes, and improved business efficiency.
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The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the largest market share during the forecast period, owing to the adoption of cloud solutions, which has enhanced the focus on achieving competences and rebalancing the expenses on systems. The eCommerce and retail vertical is expected to grow at the highest rate, as BPaaS can help the small-sized and online retailers in improving their marketing, sales, and services’ and lowering the cost of ownership.
As per the geographic analysis, North America is expected to hold the largest market share, due to the presence of the top BPaaS service providers, the globalization of managed cloud services, and the high adoption rate of cloud computing in this region. Asia Pacific (APAC) is expected to witness the highest growth rate in the BPaaS market during the forecast period, due to the increased adoption of BPaaS, owing to its agility, scalability, and efficient pay-per-usage benefits, with an enhanced cloud infrastructure and security.
This report focuses on the global Business Process status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Business Process development in United States, Europe and China.
The key players covered in this study
IBM
SAP SE
Oracle
Accenture
Capgemini
Fujitsu
TCS
Cognizant
Genpact
EXL
HCL
Wipro
BPAAS Market segment by Type, the product can be split into
Operations
Accounting and Finance
Sales and Marketing
Customer Service and Support
Human Resource Management (HRM)
Procurement and Supply Chain Management
Others
BPAAS Market segment by Application, split into
BFSI
Telecom and IT
Manufacturing
eCommerce and Retail
Healthcare
Government
Others
BPAAS Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America and More…!
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