This report focuses on the global Business Process as a Service (BPaaS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Business Process as a Service (BPaaS) development in United States, Europe and China.
Business process as a service (BPaaS) is providing business processing outsourcing (BPO) service through cloud services. BPaaS can cater various business process including horizontal and vertical business services. Now-a-days, the companies are looking for service oriented approach to fulfill their BPO services need which is one of the reasons cloud services has witnessed traction in its adoption globally. Companies are adopting BPaaS solutions to obtain competitive edge and distinguish themselves from their competitors by focusing on their core business.
North America presents largest market opportunity for BPaaS service providers, in countries such as the U.S. and Canada, the growing desire to reduce the capital expenditure and improve operational efficiency is driving business organization to adopt BPaaS solutions.
In Asia-Pacific region, the growth of market is driven by expanding enterprise sector and broadband penetration in countries such as China and India. In Europe region, there is a growing need among the business organizations to deploy a holistic solutions that would address the total cost of service delivery rather than just operational cost. Business enterprises in Latin America and Middle East and Africa regions are adopting BPaaS solutions in order to overcome outdated technological glitches that reduce the effectiveness of business process.
In 2017, the global Business Process as a Service (BPaaS) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The key players covered in this study
Accenture
IBM Corporation
Cognizant technology Solutions Corporation
Tech Mahindra Capgemini
Fujitsu Limited
Genpact
Oracle Corporation
SAP SE
Wipro Limited
Market segment by Type, the product can be split into
Private
Public
Hybrid
Market segment by Application, split into
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Government
Manufacturing
Retail
IT & Telecom
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Business Process as a Service (BPaaS) status, future forecast, growth opportunity, key market and key players.
To present the Business Process as a Service (BPaaS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Business Process as a Service (BPaaS) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.