2020 Business-Process-as-a-Service (BPaaS) Market Research : International Size, Growth, Trends, Outlook and Future Scope Analysis by key Company's- IBM, SAP SE, Oracle, Accenture, Capgemini, Fujitsu, TCS | Forecast to 2025

Global Business-Process-as-a-Service (BPaaS) Market overview:

The growing demand for Business-Process-as-a-Service (BPaaS) has provided a major boost to the Global Business-Process-as-a-Service (BPaaS) Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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The customer service and support business process is expected to witness the highest growth rate during the forecast period, as organizations are seeking for transformation of their customer service operations by decreasing the operational costs, while dynamically scaling up the operations associated to smaller product life cycles. The global Business-Process-as-a-Service (BPaaS) Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Operations

2 Accounting and Finance

3 Sales and Marketing

4 Customer Service and Support

5 Human Resource Management (HRM)/Procurement and Supply Chain Management

On the basis of End Use Industry, the market is split into:

1 BFSI

2 Telecom and IT

3 Manufacturing

4 eCommerce and Retail

5 Healthcare/Government

The BFSI vertical is expected to have the largest market share during the forecast period, owing to the adoption of cloud solutions in this segment, which is expected to have enhanced its focus on achieving competences and rebalancing the expenses on systems, not in terms of Capital Expenditure (CAPEX) but Operating Expenditure (OPEX). Furthermore, the rising commercial and regulatory requirements are making the BFSI companies and Chief Information Officers (CIOs) reconsider their restricted adoption of BPaaS solutions.

Objectives of the Study

To describe and forecast the global Business-Process-as-a-Service (BPaaS) Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Business-Process-as-a-Service (BPaaS) Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Business-Process-as-a-Service (BPaaS) Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Business-Process-as-a-Service (BPaaS) Market.

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Some of the Business-Process-as-a-Service (BPaaS) Market manufacturers involved in the market are IBM, SAP SE, Oracle, Accenture, Capgemini, Fujitsu, TCS, Cognizant, Genpact, EXL, HCL, Wipro, Acquisitions and effective mergers are some of the strategies adopted by the Business-Process-as-a-Service (BPaaS) Market manufacturers. New product launches and continuous technological innovations are the Business-Process-as-a-Service (BPaaS) Market strategies adopted by the major players.

Latest Industry Updates:

IBM:- Vodafone Idea Business Services (VIBS), the enterprise arm of Vodafone Idea Ltd. (VIL), country's leading telecom operator, today announced the launch of Vodafone Secure Device Manager (VSDM), powered by IBM Security MaaS360, a Unified End-point Management (UEM). VSDM UEM enables trusted apps and content on any device, on-the-go delivering mobile security for the way people work. As part of the agreement with IBM, VIBS will leverage IBM Security MaaS360 to deliver an AI approach to UEM to enable endpoints, end-users, and everything in between -- including apps, content, and data.

As more and more organizations move towards a digital workplace, companies need to enable employees with any time and anywhere connectivity - delivered through a secure environment. VSDM empowers companies with a wide array of functionalities like containerization, secure access to company apps while on the go, ability to push policies, control access to apps while at work, provide content that employees need to be productive while maintaining data security and personal privacy. Through VSDM, enterprises can increase employee productivity by optimizing the functionality and security of devices within the enterprise. All this, while maintaining complete security, visibility and control over each and every device.

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Regionally, North America is estimated to hold the largest market share during the forecast period. The largest market share can be attributed to the presence of top BPaaS service providers, the globalization of managed cloud services, and the high adoption rate of cloud computing. North America constitutes developed economies, such as the US and Canada. These countries are significantly advanced in terms of technologies and its application deployments.

There are several manufacturers of Business-Process-as-a-Service (BPaaS)s in Europe and North America. In North America, the demand for Business-Process-as-a-Service (BPaaS)s is primarily driven by the residential sector. Improved standards of living and rising usage of Business-Process-as-a-Service (BPaaS)s for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Business-Process-as-a-Service (BPaaS) Market Report 2020

1 Business-Process-as-a-Service (BPaaS) Definition

2 Global Business-Process-as-a-Service (BPaaS) Market Major Player Share and Market Overview

3 Major Player Business-Process-as-a-Service (BPaaS) Business Introduction

4 Global Business-Process-as-a-Service (BPaaS) Market Segmentation (Region Level)

5 Global Business-Process-as-a-Service (BPaaS) Market Segmentation (Product Type Level)

6 Global Business-Process-as-a-Service (BPaaS) Market Segmentation (Industry Level)

7 Global Business-Process-as-a-Service (BPaaS) Market Segmentation (Channel Level)

8 Business-Process-as-a-Service (BPaaS) Market Forecast 2020-2024

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