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Public Cloud Business Process Services Market Expected to Grow at a Higher CAGR of 19.65% by 2024 - Accenture, Inc., Amazon Web Services, Inc., Cognizant Worldwide Limited, Fujitsu Limited, International Business Machines Corporation

04-12-2019 02:28 PM CET | IT, New Media & Software

Press release from: Qurate Business Intelligence

Public Cloud Business Process Services Market Expected to Grow

The global public cloud business process services market is expected to grow from USD 5,163.50 million in 2018 to USD 18,124.68 million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 19.65%.The factors attributing to the growth of the market are standardizing software applications and business processes across a company, big data and the push for cloud, need for cost-effective it infrastructure with the high level of and data accessibility, and increased business agility due to an increase in cloud adoption across verticals. However, some factors such as limited domain expertise and awareness, and rising security concerns over data on the cloud may hinder the market growth. The global public cloud business process services market is expected to showcase the opportunities such as enabling effective integration of different business processes, and embed analytical capabilities offering business insights.

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The key players profiled in the global public cloud business process services market are Accenture, Inc., Amazon Web Services, Inc., Cognizant Worldwide Limited, Fujitsu Limited, International Business Machines Corporation, Kamatera, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, VMware, Inc., and salesforce.com, inc..

In the near future market may face the possible challenges in the growth due to and third party related integration and dependency issues. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global public cloud business process services market.

On the basis of function, the global public cloud business process services market is studied across Cloud Payment Services, Customer Management, E-commerce Enablement Services, Finance & Accounting Services, Human Resource Management Services, Industry Operation, and Supply Chain Management Services.

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On the basis of industry, the global public cloud business process services market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality.

On the basis of geography, the global public cloud business process services market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).

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The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global public cloud business process services market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global public cloud business process services market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global public cloud business process services market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global public cloud business process services market.
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global public cloud business process services market.

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Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

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