Business Process as a Service (BPaaS) Market Grow Owning to Innovations in Technology 2019 - Accenture PLC, Capgemini SE, Cognizant Technology Solutions, Fujitsu Limited, Genpact, IBM Corporation, Oracle Corporation

Premium Market insights has announced the addition of the “Business Process as a Service (BPaaS) – Global”, Report provides an in-depth assessment of the current trends in the global Business Process as a Service (BPaaS) sector with a particular focus on the technological, competitive and R&D landscape.

The Business Process as a Service (BPaaS) is offered by companies to assist businesses to enable BPO over mobile platforms while reducing labor count through automation. The BPaaS model is accessible through internet-based technologies. Advancements in technologies including artificial intelligence (AI) and machine learning has led to robust adoption of the service by the enterprises in developed as well as developing nations. BFSI companies are increasingly adopting the services for the optimization of their business processes.

The BPaaS market is anticipated to witness optimal growth in the forecast period owing to driving factors such as a growing need for cost-effective IT infrastructure and data accessibility coupled with increasing adoption of cloud-based services among industries. Furthermore, the surging demand for business process analytics is expected to propel the market growth. However, cybersecurity threats may hamper the growth of the BPaaS market. Nonetheless, the growing adoption of cloud computing in developing countries is likely to offer growth opportunities to the players operating in the BPaaS market.

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The "Global Business Process as a Service Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of BPaaS market with detailed market segmentation by offerings, application, deployment, end-user industry, and geography. The global BPaaS market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading BPaaS market players and offers key trends and opportunities in the market.

The List of Companies
- Accenture PLC
- Capgemini SE
- Cognizant Technology Solutions
- Fujitsu Limited
- Genpact
- IBM Corporation
- Oracle Corporation
- Tata Consultancy Services Limited
- Tech Mahindra Limited
- Wipro Limited

The global BPaaS market is segmented on the basis of offerings, application, deployment, and end-user industry. Based on offerings, the market is segmented as a professional service and managed service. On the basis of the application, the market is segmented as finance and accounting, analytics and reporting, digital asset management, supply chain management, and others. By deployment, the market is segmented as on-premise and cloud. The market on the basis of the end-user industry is classified as BFSI, IT and telecom, manufacturing, healthcare and pharmaceutical, and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global BPaaS market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The BPaaS market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting BPaaS market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the BPaaS market in these regions.

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