Press release
Business Process-as-a-Service (BPaaS) Market : Global Opportunity Analysis and Industry Forecast, 2020-2030
The global business process-as-a-service (bpaas) market was valued at $46.1 billion in 2020, and is projected to reach $128.9 billion by 2030, growing at a CAGR of 11% from 2021 to 2030.View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-1Q191/business-process-as-a-service-bpaas
Business process services is a full solution package offered by cloud service providers such as Genpact, IBM Corporation, Fujitsu Limited, and Capgemini to enable business process outsourcing (BPO) via a cloud computing service paradigm. Furthermore, traditional business process services aim to lower labor costs, but BPaaS aims to reduce employee count through increasing automation. BPaaS has two pricing models: consumption-based and subscription-based.
Need for low-cost IT infrastructure &data accessibility and increase in the for business process analytics among BFSI sector drive the global business process as a service market growth. Moreover, increase in cloud adoption across several industry verticals is boosting the BPaaS market size. However, lack of IT skills and knowledge in underdeveloped nations restrict the growth of the business process as a service market. On the contrary, rise in inclination toward cloud technology is expected to offer remunerative opportunities for expansion of the business process as a service market during the forecast period.
KEY FINDINGS OF THE STUDY
By application, the finance and accounting service segment accounted for the largest business process as a service market share in 2020.
By region, North America generated highest revenue in 2020.
By industry vertical, the BFSI segment generated the highest revenue in 2020.
Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Auto-1Q191/Business_Process_as_a_Service_BPaaS_Market
Key Segmentation
By Type
● Public Cloud
● Private Cloud
● Hybrid
By Enterprise Size
● Large Enterprises
● SMEs
By Application
● Finance and Accounting Service
● HR Services
● Sales and Marketing
● Customer Service and Support
● Procurement and Supply Chain
● Operations
● Others
By Industry Vertical
● BFSI
● IT and Telecom
● Manufacturing
● Retail and E Commerce
● Healthcare
● Government
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ U.K.
○ Germany
○ France
○ Netherlands
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ China
○ India
○ Japan
○ Australia
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
By Key Players
●Capgemini
●Cognizant
●FUJITSU
●Genpact
●IBM Corporation
●Oracle Corporation
●SAP SE
●Tech Mahindra Limited
●Wipro Limited
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