Press release
Business Process-As-A-Service (BPaaS) Market 2022-2027: Size, Share, Growth and Forecast
Business Process-As-A-Service (BPaaS) Market
Business Process-as-a-Service (BPaaS) is a business process outsourcing (BPO) solution that is used for automating and outsourcing information technology (IT)-based organizational tasks. It is deployed through cloud-based or web platforms. BPaaS can also be connected to several other services, including Software-as-a-Service (SaaS), Platform-as-a-Service (Paas), Infrastructure-as-a-Service (IaaS), etc., to provide superior technology solutions that assist in improving the productivity and efficiency of the organization. BPaaS solutions are extensively employed across various industries, such as banking, financial services and insurance (BFSI), healthcare, education, entertainment, etc.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/business-process-as-a-service-market/requestsample
Market Trends
The escalating demand for digital database services in banks and other financial institutions to access information and remotely manage databases is one of the key factors driving the Business Process-as-a-Service (BPaaS) market. Besides this, the elevating need for technological solutions to enhance the operational efficiency, document management techniques, cost-effectiveness, etc., of the medium and large-sized enterprises is further catalyzing the market growth. Moreover, the integration of business analytics, advanced process automation software, artificial intelligence (AI), cloud computing, etc., to help in record keeping, derivative processing, reconciliations, etc., is augmenting the global market. Apart from this, the inflating requirement for automating business processes through remote delivery models is positively influencing the market growth. Furthermore, the launch of numerous initiatives by government bodies to improve data security, supply chain and human resource management, and finance-related operations is anticipated to fuel the Business Process-as-a-Service (BPaaS) market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Capgemini SE
Cognizant
Conduent Inc.
Fujitsu Limited
HCL Technologies Limited
International Business Machines Corporation
Oracle Corporation
SAP SE
Tata Consultancy Services Limited
Tech Mahindra Limited
Wipro Limited.
Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/business-process-as-a-service-market
The report has segmented the market based on component, mobility, application and vertical.
Breakup by Process:
Human Resource Management
Accounting and Finance
Sales and Marketing
Supply Chain Management
Digital Asset Management
Others
Breakup by Deployment Mode:
Private
Public
Hybrid
Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Industry Vertical:
Banking Financial Services and Insurance
Healthcare
Government
IT and Telecom
Manufacturing and Retail
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Browse Other Reports by IMARC Group:
GCC Idiopathic Pulmonary Fibrosis Treatment Market Report: https://www.imarcgroup.com/gcc-idiopathic-pulmonary-fibrosis-treatment-market
United States Calcium Chloride Market Report: https://www.imarcgroup.com/united-states-calcium-chloride-market
Japan Calcium Chloride Market Report: https://www.imarcgroup.com/japan-calcium-chloride-market
GCC Calcium Chloride Market Report: https://www.imarcgroup.com/gcc-calcium-chloride-market
United States Biofertilizer Market Report: https://www.imarcgroup.com/united-states-biofertilizer-market
Japan Caustic Potash Market Report: https://www.imarcgroup.com/japan-caustic-potash-market
Europe Ferrite Magnet Market Report: https://www.imarcgroup.com/europe-ferrite-magnet-market
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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 2022-2027: Size, Share, Growth and Forecast here
News-ID: 2633191 • Views: …
More Releases from IMARC Group
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview
Market Size in 2024: USD 266.2 Million
Market Size in 2033: USD 422.9 Million
Market Growth Rate 2025-2033: 5.3%
According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a…
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview
Market Size in 2024: USD 73.31 Billion
Market Size in 2033: USD 147.77 Billion
Market Growth Rate 2025-2033: 7.50%
According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by…
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview
Market Size in 2024: USD 588.2 Million
Market Size in 2033: USD 2,005.3 Million
Market Growth Rate 2025-2033: 13.3%
According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of…
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview:
The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach…
More Releases for BPaaS
BPaaS Market Revenue Surges: Acumen Research Projection
Key Points and Statistics on the BPaaS Market:
● The global BPaaS market size is expected to expand to USD 143.9 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
● North America leads the market, holding more than 38% of the market share in 2022.
● The Asia-Pacific region is expected to record a CAGR of around 12% from 2023 to 2032.
● Finance and accounting services dominated the application segment in 2022,…
Fueling Growth in Business Process as a Service (BPaaS) Market
The Business Process as a Service (BPaaS) market has experienced marginal growth, progressing from $76.41 billion in 2023 to an estimated $77.61 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 1.6%. The market is poised for steady growth, projecting an expansion to $92.06 billion by 2028, showcasing a forecasted CAGR of 4.4%.
Role of Low Operating Costs:
1. Low Operating Costs as Key Driver:
The imperative need for low operating…
BPaaS Market is Booming Worldwide : Cognizant, Genpact, TCS
Global BPaaS Market Growth (Status and Outlook) 2021-2026 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global BPaaS Market. Some of the key players profiled in the study are IBM, Wipro, Cognizant, Genpact, TCS,…
Business-Process-as-a-Service (BPaaS) Market 2021 | Detailed Report
ReportsnReports publishes the report titled Business-Process-as-a-Service (BPaaS) that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like cost,…
BPaaS Market Statistics, Development and Growth 2028
"Global BPaaS Market Size, Insights and Regional Analysis
The report presents the status and position of worldwide and key regions, with perspectives of manufacturers, regions, product types and end industries. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. The BPaaS Market report covers segment data, including type segment, industry segment, channel segment etc. cover different segment BPaaS Market size, both volume and value.…
BPaaS Market Key Drivers, Challenges, Growth and Opportunities, 2020-2026
The recent report titled “BPaaS Market Status and Trend Analysis 2017-2026 (COVID-19 Version)” offered by Researchmoz.us, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “BPaaS market”.
This is the most recent report inclusive of the COVID-19 effects on the functioning of…
