Press release
Business Process as a Service (BPaaS) Market Huge Growth Opportunity by 2025 | Top Vendors - Fujitsu Limited, Genpact, Oracle Corporation, SAP SE, Wipro Limited...
Business Process as a Service (BPaaS) Market
In 2018, the global Business Process-as-a-Service (BPaaS) market size was 4560 million US$ and it is expected to reach 19900 million US$ by the end of 2025, with a CAGR of 20.2% during 2019-2025.
The Business Process as a Service (BPaaS) Market report presents the comprehensive analysis of key market segments and sub-segments, evolving the Business Process as a Service (BPaaS) market trends and dynamics, changing supply and demand scenarios, Quantifying market opportunities through market sizing and market forecasting, Tracking current trends/opportunities/challenges, competitive insights, opportunity mapping in terms of technological breakthroughs.
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Business process as a service (BPaaS) is a complete solution package offered by cloud service providers, such as Genpact, IBM Corporation, Fujitsu Limited, and Capgemini, to enable business process outsourcing (BPO) over a cloud computing service model. The objective of customary BPO services is to reduce labor expenses, which can be attained by using BPaaS industry solutions. The pricing model for BPaaS industry solutions is either consumption-based or subscription based.
The global BPaas market is driven by an increase in cloud adoption among enterprises and extensive need to optimize business processes in North America, Europe, and Asia-Pacific. LAMEA is expected to hold the least market share as compared to other regions. The Middle East and Africa are expected to gain traction in the near future, however, the growth is expected to be stable during the forecast period.
With all these analyses and information, this report can act as a valuable guide to readers looking to gain a clear understanding of all the factors that are influencing the market for Business Process as a Service (BPaaS) market at present and are projected to remain to do so over the forecast period.
Additionally, the information on the latest developments in this Business Process as a Service (BPaaS) market, both, at the global as well as regional level, is expected to enhance the decision-making capability of the reader. Up-to-date information on various specifications, buyer analysis, their purchasing volume, prices, and price analysis, and deep insights on the leading suppliers have also been provided in this study for the readers.
All the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from each other are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts.
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The key players covered in this study
Accenture
IBM
Cognizant technology Solutions Corporation
Tech Mahindra Capgemini
Fujitsu Limited
Genpact
Oracle Corporation
SAP SE
Wipro Limited
Market segment by Type, the product can be split into
HR Service
Finance & Accounting Service
Analytics
Supply Chain Management
Digital Asset Management
Others (OMaaS and Managed Marketing Service)
Market segment by Application
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Government
Manufacturing
Retail
IT & Telecom
Others (Business Service Providers, Media & Entertainment, and Hospitality)
Geographically, this Business Process as a Service (BPaaS) report is segmented into several key regions, with sales, revenue, market share (%) and growth rate (%) of the Business Process as a Service (BPaaS) in these regions, covering
North America
South America
Asia-Pacific
Europe
Southeast Asia
The Middle East
Research objectives:-
To study and analyze the global Business Process as a Service (BPaaS) consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2018, and forecast to 2025.
To understand the structure of the Business Process as a Service (BPaaS) market by identifying its various sub-segments.
Focuses on the key global Business Process as a Service (BPaaS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
To analyze the Business Process as a Service (BPaaS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Overall the report offers detailed coverage of Business Process as a Service (BPaaS) industry and presents main market trends. This research gives historical and forecasts market size, demand and production forecasts, end use demand details, price trends, and company shares of the leading Business Process as a Service (BPaaS) producers to provide exhaustive coverage of the market.
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About Us
Market Research Vision is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports. Serving as a market research firm, we help our clients in finding: what’s next? We believe in finding creative and innovative solutions through customized and syndicated research reports. We at Market Research Vision provides a study of products, services, technologies, applications, end users, market dynamics, and market players for global, regional, and country level market segments. Our team widely focuses on market dynamics and identifies new opportunities to rely on. We serve several fortune 500 clients along with various small and large companies.
Contact Us
Elvis Fernandes
info@marketresearchvision.com
sales@marketresearchvision.com
+1 513 549 5911 (U.S.)
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