International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals 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, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Global Business Process-as-a-Service (BPaaS) Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled "BusinessProcess-as-a-Service(BPaaS )Market:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast2023-2028 ," the global business process-as-a-service (BPaaS) market size reached US$ 60.8 Billion in 2022.
Business process-as-a-service (BPaaS) refers to a software model that is widely used by multiple industries for outsourcing various business sites. It is a business process outsourcing (BPO) solution that is usually connected through cloud-based platforms or the web for offering a high-quality technological solution to the business. It generally covers the vertically integrated components of database, hardware components, optimized processes and the middleware and business application software. Some of the popular BPaaS platforms include IBM Blueworks Live and Google Adsense, which can either be used on a subscription or consumption basis. As a result, it helps business professionals to focus on core activities while improving the productivity and efficiency of the organization in a cost-efficient manner.
Request for a PDF sample of this report:
https://www.imarcgroup.com/business-process-as-a-service-market/requestsample
The global market is primarily driven by a considerable increase in data generation across multiple industries. Moreover, rapid digitization on the global level has encouraged numerous businesses to heavily invest in the deployment of BPaaS platforms, which is creating a positive outlook for the market. Furthermore, the widespread adoption of the work-from-home (WFH) model in the corporate sector as a consequence of the rapid outbreak of coronavirus disease (COVID-19) has further propelled the market growth. Also, due to the rising incidences of data thefts and cybercrime activities across the globe, there has been a considerable rise in the uptake of the BPaaS model across businesses.
In addition to this, various technological advancements and the widespread integration of the Internet of Things (IoT) and robotic process automation (RPA) with BPaas solutions are providing a boost to the market growth. Other factors, including significant improvements in the information technology (IT) sector, continuous innovations in the service solution, intensive business competition and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.
Looking forward, IMARC Group expects the market to reach a value of US$ 110.7 Billion by 2028, exhibitingataCAGRof9.16%during2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/business-process-as-a-service-market
Key Market Segmentation
The research report includes the following segments:
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
Competitive Landscape with Key Players:
• Accenture plc
• 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
1. Whatwasthesizeoftheglobalbusinessprocess-as-a-service(BPaaS)marketin2022?
2. What is the expected growth rate of the global business process-as-a-service (BPaaS) market during2023-2028?
3. Whatarethekeyfactorsdrivingtheglobalbusinessprocess-as-a-service(BPaaS)market?
4. What has been the impact of COVID-19 on the global business process-as-a-service (BPaaS) market?
5. What is the breakup of the global business process-as-a-service (BPaaS) market based on the process?
6. What is the breakup of the global business process-as-a-service (BPaaS) market based on the organizationsize?
7. What is the breakup of the global business process-as-a-service (BPaaS) market based on the industryvertical?
8. Whatarethekeyregionsintheglobalbusinessprocess-as-a-service(BPaaS)market?
9. Whoarethekeyplayers/companiesintheglobalbusinessprocess-as-a-service(BPaaS)market?
Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/business-process-as-a-service-market/toc
We are the trusted business partners to the world's leading corporates, governments, and institutions
We are the trusted business partners to the world's leading corporates, governments, and institutions
© 2022 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
