Business Process as a Service (BPaaS) Market - Global Industry Analysis

Business Process as a Service (BPaaS) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6089 Status : Upcoming

Description

Global Business Process as a Service (BPaaS) Market: Overview

Equipped with the right resources and expertise for launching new projects within time restraints, Business Process as a Service or BPaaS can substantially speed up the time-to-market. It consists of database, business application software, parts of hardware infrastructure, middleware, optimized processes, and personnel. These solutions are increasingly being utilized by SMEs (small and medium enterprises), due to the myriad of advantages associated with these services, with low cost topping the list.

Global Business Process as a Service (BPaaS) Market: Growth Factors

Through Business Process as a Service or BPaaS, it is not only possible to enhance customer experience, but also minimize upfront costs and expenses pertaining to upgrading, updating, operating, and maintaining software/hardware. As these services provide delivery of a number of company processes, which include human resource management, marketing, sales, customer services and accounting, their versatility can fuel the global Business Process as a Service (BPaaS) market. Every in-house department can leverage the benefits associated with the latest technology and resources, which are provided by these services. It is a flexible business model which helps in optimizing CAPEX (capital expenditure) and also making predictable the OPEX (operational expenses) and proportionating business volume.

A major hindrance in terms of growth of the global Business Process as a Service (BPaaS) market is data security. Data violations and hampered productivity are the problems hampering the development of the market. Despite this restraint, as novel solutions are being developed to address these challenges, the market will continue to prosper.

Moreover, in a constantly evolving business environment, each new investment can bring in a risk. Access to all kinds of experts, including experienced technicians, is provided by these services, as against the reliance on a single expert. This can significantly eliminate the risks associated with the deployment of new systems. External expertise can reduce an organization’s responsibilities as well as regulatory concerns. This can boost the deployment rate across the global Business Process as a Service (BPaaS) market.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Business Process as a Service (BPaaS) Market: Segmentation

The global Business Process as a Service (BPaaS) market is bifurcated on the basis of organization, business processes, application and region. Based on organization, the Service (BPaaS) market has been divided into SMEs (small and medium enterprises) and large enterprises. On the basis of business processes, the market can be segmented as accounting & finance, customer service & support, operations, human resource management, sales & marketing, procurement & supply chain, and others.

By application outlook, the global Business Process as a Service (BPaaS) market has been categorized into telecom & IT, e-commerce & retail, BFSI, manufacturing, government, healthcare, and others. The BFSI (banking, financial services, and insurance) segment holds the largest share in the global market. The surging utilization of cloud computing has given rise to an enhanced focus on achieving productivity and rebalancing the expenditures on the systems. This factor has been predicted to give a boost to the BFSI application segment over the upcoming times.

Global Business Process as a Service (BPaaS) Market: Regional Analysis

North America is likely to represent a significant part of the total global Business Process as a Service (BPaaS) market by 2026, due to the high adoption rate of cloud computing amongst organizations. Business enterprises have been seeking flexible, standardized models for improved efficiency at lower costs. Owing to the impact of the COVID-19 pandemic, there are fluctuations in terms of demand. Since BPaaS solutions can scale up or down on demand, its innate configurability has been catering to the need for flexible needs.

Asia Pacific is set to command a high sum of the overall global Business Process as a Service (BPaaS) market revenue through the forecast years, supported by the growing focus on core competencies amongst enterprises. A trending emergence of several small-scale businesses is aiding the adoption rate, as in-house capabilities of smaller businesses is lower. Additionally, enterprises of all sizes have been seeking the benefits of cutting-edge technological infrastructure at reasonable costs.

Global Business Process as a Service (BPaaS) Market: Competitive Players

The major companies are utilizing a variety of resources for identifying opportunities and to meet the surging requirements of the market. This is done by consecutive upgrades through the means of software updates. The surging utilization of cloud computing and emergence of government regulations have proved to label this industry a highly competitive one. The fragmented nature of the market has made the entry of new participants challenging.

Wipro, Cognizant, EXL, Capgemini, TCS, Accenture, and Fujitsu are a few of the leading industry names operating in the global Business Process as a Service (BPaaS) market.

Global Business Process as a Service (BPaaS) Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

Through Business Process as a Service or BPaaS, it is not only possible to enhance customer experience, but also minimize upfront costs and expenses pertaining to upgrading, updating, operating, and maintaining software/hardware. As these services provide delivery of a number of company processes which include human resource management, marketing, sales, customer services and accounting, their versatility can fuel the global Business Process as a Service (BPaaS) market.

Wipro, Cognizant, EXL, Capgemini, TCS, Accenture, and Fujitsu are a few of the leading industry names operating in the global Business Process as a Service (BPaaS) market.

North America is likely to represent a significant part of the total global Business Process as a Service (BPaaS) market by 2026, due to the high adoption rate of cloud computing amongst organizations. Business enterprises have been seeking flexible, standardized models for improved efficiency at lower costs.

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