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Global Business-Process-as-a-Service Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Business-Process-as-a-Service

The report focuses on the favorable Global “Business-Process-as-a-Service market” and its expanding nature. The Business-Process-as-a-Service market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The business-process-as-a-service market is valued at USD 5.89 billion in 2018 and is expected to reach USD 20.22 billion by 2024 and is expected to witness a growth of 22.91% during the forecast period 2019 – 2024. The increasing integration of robotic process automation (RPA) and the Internet of Things (IoT), with BPaaS, is a trend that aids in the growth of the market.
  • – Business-process-as-a-service (BPaaS) has primarily risen as a cost-effective alternative for businesses, basically to optimize their services and focus on their core competencies, while outsourcing other functions like finance and accounting, supply chain management, and other commodity services.
  • – The demand for business process management is increasing at a robust rate across the world, due to the emergence of advanced technologies, such as artificial intelligence, machine learning, and other intelligence solutions.
  • – BPaaS delivery model presents significantly greater utility through the vertical integration of technology infrastructure, proprietary software applications, and people for the business-process services delivery.
  • – Businesses can eliminate the need for multiple vendor relationships to work for the company, which reduces the switching costs across the delivery life cycle and helps in realizing the value drivers of economies of scale and scope.

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    Key Manufacturers

  • SAP SE
  • IBM Corporation
  • OpenText Corporation
  • Pegasystems Inc.
  • Software AG
  • Tibco Software Inc.
  • Fujitsu Ltd
  • Oracle Corporation
  • Cognizant Technology Solutions Corporation
  • Capgemini SE

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Business-Process-as-a-Service market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Business-Process-as-a-Service market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Business-Process-as-a-Service market have also been involved in the study.

    Scope of the Report:

  • Business-process-as-a-service (BPaaS) is a term defined for a specific type of web-delivered or cloud hosting solutions that benefits an enterprise by assisting with business operations. BPaaS basically means that the business process is being automated through a remote delivery model.
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    TOC of Business-Process-as-a-Service Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Business-Process-as-a-Service market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Business-Process-as-a-Service Market Report Covered:

    • The report analyses how Business-Process-as-a-Service market will grow in the future.
    • Analyzing various perspectives of the Business-Process-as-a-Service market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Business-Process-as-a-Service market shares and policies employed by the major market players.
    • Competitive landscape including the Business-Process-as-a-Service market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Business-Process-as-a-Service market players

    Key Market Trends:

    Reduction of Operational Costs and Productivity Improvement to Drive the Market

    – Business-process-as-a-service (BPaaS) provides executable business processes to the clients over the internet, because of which it is increasingly being adopted by companies across the globe.
    – BPaaS presents the opportunity to use cloud software on a pay-per-use model to an enterprise, instead of having to invest in costly hardware and incur maintenance cost, which decreases the overall operational costs significantly when compared to the conventional methods.
    – Companies have also deployed BPaaS solution because of its increased mobility, as a company can access the solution from any geographical location.
    – This solution provides enterprises with the opportunity to grow and expand at a much faster rate without incurring considerable infrastructural costs while improving the productivity of the enterprise.
    – With the rapidly growing market for business process management and also the companies around the globe constantly improving their IT infrastructures, it is expected that these factors will boost the demand for BPaaS market.

    North America Occupies the Largest Market Share

    – The North American region is expected to occupy the largest market share in the forecast period, as several end-user organizations (both small and large-scale) are skewing towards the usage of technology to optimize business processes.
    – Moreover, there is an effort to build a cost-effective infrastructure and also increase the flexibility of the systems to comply with the modern business environment. This coupled with the increased adoption of BPaaS solutions in industries, such as healthcare, telecom, BFSI, transportation and logistics, retail, and utilities, are driving the market growth in the region.
    – Small businesses are considered to be the backbone of the US economy, as they have created around two-thirds of new jobs over recent times. Owing to the stronger sales growth, improved profitability, and positive hiring trends, the SMEs are expected to increase during the forecast period, thereby, directly pushing the BPaaS market forward.

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    Study objectives of Business-Process-as-a-Service Market Report:

    • To provide a detailed analysis of the market structure along with the Business-Process-as-a-Service market forecast of various segments and sub-segments of the Business-Process-as-a-Service market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Business-Process-as-a-Service market trends that influence the global Business-Process-as-a-Service market

    Detailed TOC of Business-Process-as-a-Service Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Demand for Cloud Services and Standard Operating Processes
    4.3.2 Rising Need for the Reduction of Operational Costs and Improvement of Productivity
    4.4 Market Restraints
    4.4.1 Data Security and Privacy Concerns
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Process
    5.1.1 Human Resource Management
    5.1.2 Accounting and Finance
    5.1.3 Sales and Marketing
    5.1.4 Supply Chain Management
    5.1.5 Other Processes
    5.2 By Size of Organization
    5.2.1 Small and Medium Organizations
    5.2.2 Large Organizations
    5.3 By End-user Industry
    5.3.1 Government and Defense
    5.3.2 BFSI
    5.3.3 IT and Telecommunication
    5.3.4 Healthcare
    5.3.5 Retail
    5.3.6 Manufacturing
    5.3.7 Other End-user Industries
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 United Kingdom
    5.4.2.2 Germany
    5.4.2.3 France
    5.4.2.4 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 India
    5.4.3.3 Japan
    5.4.3.4 Rest of Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 SAP SE
    6.1.2 IBM Corporation
    6.1.3 OpenText Corporation
    6.1.4 Pegasystems Inc.
    6.1.5 Software AG
    6.1.6 Tibco Software Inc.
    6.1.7 Fujitsu Ltd
    6.1.8 Oracle Corporation
    6.1.9 Cognizant Technology Solutions Corporation
    6.1.10 Capgemini SE

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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