openPR Logo
Press release

Business Process as a Service (bpaas) Market 2020: Revenue Analysis and Industry Forecast by 2023

02-05-2020 06:46 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Business Process as a Service (bpaas) Market 2020: Revenue

The banking, financial services, & insurance (BFSI) segment is expected to be the major revenue contributor to the global BPaaS market, due to growth in customer base and internet users. Reduced investment cost for new hardware and software in banking sector, insurance industries, and capital market are expected to drive the BPaaS market in the near future. Moreover, the healthcare segment has exhibited an increasing cloud adoption across various regions, owing to the associated benefits of low cost and improved reliability & scalability.

Access Full Summary: https://www.alliedmarketresearch.com/business-process-as-a-service-BPaaS-market

North America BPaaS market dominated the global market in 2016, owing to high demand for low-cost cloud infrastructure development and faster network accessibility. The developing countries, including China, Australia, and Brazil, have boosted the market growth. In addition, industry participants have focused on strengthening their portfolio of BPaaS industry solutions to ensure competence and effectiveness of cloud deployment for BPO services in other emerging markets such as Latin America, the Middle East, and Africa.

The surge in ICT expenditure, increase in cloud adoption across several industry verticals including BFSI, retail, healthcare, manufacturing, and government & education are anticipated to augment the market penetration. The prominent markets, such as Asia-Pacific and Europe, with developed cloud infrastructure, high adoption of Internet of Things (IoT) technology, and surge in demand for low-cost IT infrastructure deployment are anticipated to fuel the market growth in the near future.

Get/Download Sample Copy @ https://www.alliedmarketresearch.com/request-sample/2382

North America was the highest revenue contributor to the global market in 2016, accounting for around 45.7% share of the global BPaaS market. In addition, Asia-Pacific region is projected to grow at the highest CAGR of 23.9% during the forecast period, owing to growing penetration of mobility and cloud adoption by small- and mid-sized companies.

The report features a competitive scenario of the BPaaS market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Accenture, IBM Corporation, Capgemini, Genpact, Oracle Corporation, and Fujitsu Limited. All these players are involved in competitive strategies, such as geographical expansion, mergers & acquisitions, product portfolio expansion, and partnership to augment the growth of the BPaaS market.

DRIVING FACTORS FOR THE MARKET

o Need for low cost IT infrastructure and data accessibility

o Increase in the need for business process analytics

o Increase in cloud adoption across several industry verticals

MARKET RESTRAINTS AND OPPORTUNITIES:

o Lack of IT skills and knowledge in underdeveloped nations

o Rising security concerns over cloud deployment

o Increasing inclination towards cloud technology

o Increase in awareness of cloud computing benefits

Do Enquiry before purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/2382

KEY QUESTIONS ANSWERED IN BUSINESS PROCESS AS A SERVICE (BPAAS) RESEARCH STUDY:

o What is the market growth rate of Business Process as a Service (bpaas) Market from 2017-2023?

o What will be the global market size of the market from 2017 to 2023?

o Who are the leading global manufacturing companies in the Business Process as a Service (bpaas) Market?

o What are the current trends and predicted trends?

o What are the challenges faced in the Business Process as a Service (bpaas) Market?

o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

o Which will be the anticipated growth rates for your own Business Process as a Service (bpaas) economy altogether and also for every segment inside?

o Which will be the Business Process as a Service (bpaas) application and types and forecast accompanied closely by producers?

o What are the conclusions of the Business Process as a Service (bpaas) Market report?

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Business Process as a Service (bpaas) Market 2020: Revenue Analysis and Industry Forecast by 2023 here

News-ID: 1920591 • Views: 209

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Business

Global Interferon Market Business Growth, Business Opportunities, Business Outlo …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Interferon Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business
Global Intramuscular Immune Globulin Market Business Growth, Business Opportunit …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Intramuscular Immune Globulin Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges
New Business
PRESS RELEASE FOR IMMEDIATE RELEASE FOR: Jackpot Money, LLC Charlotte, NC - This is to introduce Jackpot Money, LLC. Classified as a tax-preparation company. We use Sweepstakes Promotional Software as our year-round promotion. We offer our services to all Americans above the age of 18. Although we are making breakthroughs through some states that do not allow our services, we will maintain our goal in saving money, and supporting various agencies which
Business Spanish
A school of Spanish for foreigners organizes courses of Business Spanish in preparation to the Official Exams of the Chamber of Commerce and Industry of Madrid. Valencia. Knowing a language also means to know specific vocabularies. The aim of most students of Spanish as a foreign language is not only that of improving their fluency, but also that of widening their vocabulary in specific areas that will be useful for finding
Dropship Business - A Lucrative Online Business
There are many businesses that can be run on the comfort of home but you cannot be assured of profit with every. Thus, a smart entrepreneur always looks for the opportunity that can guarantee a good profit quotient. This attentiveness in thought of business persons brought the concept of dropship business. This is a business that enables you to earn profit without being involved in selling out and shipping small to
B2BTradeWorld.com – New Business to Business Portal India
B2B Trade World Offers leading online business to business portal & global e-business, Indian Trade Directory, online catalogue, Buying selling trade leads & offers, business web pages, yellow pages, India, white pages, India Manufactures exporters, suppliers & importer from India The B2B Trade Links Pvt.Ltd. is a business-to-business portal for serious people interested in Global business. Welcome to our b2btradeworld portal which gives you a platform to improve your company’s