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BPaaS Market by Business Process, Organization Size, Vertical And Region - Global Forecast to 2022

BPaaS Market: Global Forecast until 2022

  • December 2017
  • 138 pages
  • ID: 3392249
In this report:
Procurement service, considerably smaller than the HRM and accounting and finance business processes, is expected to generate a substantial multi-billion market and estimated to grow at a CAGR of ##.##% during the forecast period.
The BPaaS market size is expected to grow from USD ##.## billion in 2017 to USD ##.## billion by 2022, at a CAGR of ##.##% during the forecast period.

Summary

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The increasing need for business agility and a faster time-to-market are forecast to steer the increase of the Business Process as a Service market

The BPaaS market size is forecasted to grow from ~$40.2B in 2017 to ~$68.8B by 2022, at a Compound Annual Rise rate of 11.30 percent during the forecast period. The main drivers that are anticipated to growth the industry demand for the BPaaS market contain the increasing need to comply with regulations and the need for business agility and a faster time-to-market.

The main restraining factor for the increase ot the BPaaS market is anticipated to be the growing concern over data security

Customer service and support business process is anticipated to rise at the quickest rate during the outlook period

The customer service and support business process is anticipated to witness the more important increase rate during the estimate period, as institutions are seeking for transformation of their customer service operations by decreasing the operational costs, while dynamically scaling up the operations associated to smaller product life cycles

Large enterprises segment is planned to hold the biggest market share market during the outlook period

The important enterprises segment is intended to hold the largest part of market share during the estimate period, due to the need to minimize the high Capital Expenditure and Operating Expenditure. Big enterprises have dedicated in-house IT resources and larger IT budgets to consider the adoption of as-a-service models for their business processes

Asia Pacific (APAC) is anticipated to grow at the quickest rate during the outlook period

As per the geographic review, the APAC area is forecast to witness the quickest increase in the BPaaS market, due to the increased adoption of BPaaS, according to its agility, scalability, and efficient pay-per-usage benefits, with an enhanced cloud infrastructure and security. North America (NA) is forecasted to hold the biggest market share, due to the presence of the top BPaaS service providers, the globalization of managed cloud services, and the high adoption rate of cloud computing.

The break-up profiles of the primary discussion participants are given below:

• By Company category: Tier 1 (40.0 percent), Tier 2 (35.0 percent), and Tier 3 (25.0 percent)

• By Description: C-suite (45.0 percent), D-level (35.0 percent), and Grade of manager (20.0 percent)

• By Area: North America continent (35.0 percent), Asia-Pac (30.0 percent), Europe (EU) (25.0 percent), and RoW (10.0 percent)

Segment Research

The overall BPaaS market has been broken down by business process, organization size, vertical, and area.

An in-depth study of the regions has been done to furnish business insights into the potential future business opportunities across several regions. Additionally to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets review included in the industry report.

Reasons to Buy the Report

The study will facilitate the market top players/new sector entrants in the BPaaS market in these ways:

1. The document breaks down the BPaaS market comprehensively provides the best approximations of the revenue data for the global market and sub-segments across different areas.

2. The analysis benefits the partners distinguish the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits the partners comprehend the players and obtain additional insights to better their rank in the sector.

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