Press release
Business Process As A Service (BPaaS) Market 2022 : Trends, Business Growth And Major Driving Factors | Wipro, Capegemini, Fujitsu, Genpact, IBM, Cognizant, TCS, Oracle, SAP SE, HCL, EXL, ADP, LLC
Business Process as a service (BPaaS) Market
The regions covered in the business process as a service (bpaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest business process as a service (bpaas) share.
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The Business Process as a Service (BPaaS) market consists of sales of business process services through cloud-based platform services. These can be any kind of business process solutions through the delivery of web-based services or cloud hosting services that benefits an organization to complete its business objectives and benefits business operations. BPaaS reduces the business costs of the operations by increased automations. It mixes Business Process Management (BPM) with one or more aspect of cloud deployment SaaS, PaaS, IaaS. Companies in BPaaS industry provides services on various platforms such as banking, advertising, marketing, industry operations and services, accounting and finance, customer service support and others.
Key competitors in the business process as a service (BPaaS) market are Wipro, Capegemini, Fujitsu, Genpact, IBM, Cognizant, TCS, Oracle, SAP SE, HCL, EXL, ADP, LLC, DXC Technology, Tech Mahindra, Computer Science Corporation, Infosys Limited, NGA Human Resources, eBuilder Sweden, WNS, Northgatearinso, Neuvora, Verecloud, Adaptive Insights and Red Hat.
The global business process as a service (BPaaS) market size is expected to grow from $67.22 billion in 2021 to $75.07 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The BPaaS market is expected to reach $109.59 billion in 2026 at a CAGR of 9.9%.
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TBRC's report segments the global business process as a service (bpaas) market:
1) By Process Type: HRM, Acconting and Finance, Sales and Marketing, Customer Service Support, Procurement and Supply Chain, Operations, Others
2) By End-User: Banking, Financial Service, and Insurance (BFSI), Telecom and IT, Manufacturing, Ecommerce Retail, Healthcare, Governments, Others
3) By Deployment Service Type: SaaS, PaaS, IaaS
4) By Stream: BPO, BPA, BPM
Read Further On The Business Process As A Service (BPaaS) Market Here:
https://www.thebusinessresearchcompany.com/report/business-process-as-a-service-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Business Process as a service (BPaaS) Market Characteristics
3. Business Process as a service (BPaaS) Market Trends And Strategies
4. Impact Of COVID-19 On Business Process as a service (BPaaS)
5. Business Process as a service (BPaaS) Market Size And Growth
.....
27. Business Process as a service (BPaaS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Business Process as a service (BPaaS) Market
29. Business Process as a service (BPaaS) Market Future Outlook and Potential Analysis
30. Appendix
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