Market Outlook : Business Process-as-a-Service Market in Global Industry 2019| Accenture, Cognizant Technology Solutions, Infosys, Tata Consultancy Services

Albany, NY, 19th February : Recent research and the current scenario as well as future market potential of "Global Business Process-as-a-Service Market Size, Status and Forecast 2019-2025" globally.

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 ofcloud computing servicesis 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 andcloud-based serviceson 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 2018, 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 2019-2025.

This report focuses on the global Business Process-as-a-Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Business Process-as-a-Service development in United States, Europe and China.

The key players covered in this study
Accenture
Cognizant Technology Solutions
International Business Machines
Infosys
Tata Consultancy Services

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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

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Business Process-as-a-Service status, future forecast, growth opportunity, key market and key players.
To present the Business Process-as-a-Service development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

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In this study, the years considered to estimate the market size of Business Process-as-a-Service are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

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