Business Process-as-a-Service (BPaaS) Market: Global Industry Analysis and Forecast (2021-2027) by Business Process, Organization Size, Vertical, and Region

Business Process-as-a-Service (BPaaS) Market size was valued at US$ 56.41 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 11.22% through 2021 to 2027, reaching nearly US$ 118.75 Bn.

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

The Business Process-as-a-Service (BPaaS) market was valued at US $56.41 Bn. in 2020, and it is expected to reach US $118.75 Bn. by 2027 with a CAGR of 11.22% during the forecast period. BPaaS is the practice of executing outsourced business processes on a cloud computing stage. It generally includes IT-intensive business processes that are not part of a key business of a company. Using BPaaS, a company can get admittance to industry top practices with the profits of cloud computing provisioning. Business Process-as-a-Service (BPaaS) MarketTo know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Business Process-as-a-Service (BPaaS) Market Dynamics:

Increasing demand for virtual sets of IT applications like servers, networks, storage, and other applications is the key factor that is expected to boost the growth of the Business Process-as-a-Service (BPaaS) Market. Across the globe, businesses are concentrating on developing a mobile workforce, where employees can admittance data from distant locations through internet services. BPaaS offers various business benefits like time zone benefits, low-cost advantages, better focus on core business activities, access to skill experts, utilizing cloud enables technology and others. A key major benefit of using Business Process-as-a-Service (BPaaS) is that it allows us to shift away from capital expenditure (CAPEX) to operational expenditure (OPEX) as we grow our business. These are the key major benefits that drive the growth of the Business Process-as-a-Service (BPaaS) Market during the forecast period 2021-2027.

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

The Business Process-as-a-Service (BPaaS) Market is segmented by Business Process, Organization Size, and Vertical. Based on the Business Process, the market is segmented into Human Resource Management (HRM), Accounting and Finance, Sales and Marketing, Customer Service and Support, Procurement and Supply Chain Management, Operations, and Others. Human Resource Management (HRM) segment is expected to hold the largest market share of xx% by 2027. The purpose of human resource management (HRM) is to maximize the output of an organization by improving the effectiveness of its employees. The demand for human resource management in businesses is increasing to handle the employee files, employee handbook, display required posters, social media research and monitoring, and others. These are the key factor that drives the growth of this segment in the Business Process-as-a-Service (BPaaS) Market during the forecast period 2021-2027. Business Process-as-a-Service (BPaaS) Market 1 Based on the Organization Size, the market is segmented into Small and Medium-Sized Enterprises (SMEs), and Large Enterprises. The small and medium-Sized Enterprises (SMEs) segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Small and Medium-Sized Enterprises (SMEs) uses cloud computing as it permits clients to access nearly infinite power of computing without large investments in the infrastructure. Cloud computing offers broad network access, resource pooling, rapid elasticity, On-demand self-service, and measured service to small and medium enterprises. These are the major drivers that boost the growth of this segment in the Business Process-as-a-Service (BPaaS) market during the forecast period 2021-2027. Business Process-as-a-Service (BPaaS) Market 2 Based on the Vertical, the market is segmented into Banking, Financial Services, and Insurance (BFSI), Telecommunication and IT, Manufacturing, eCommerce and Retail, Healthcare, Government, and Others. The banking, Financial Services, and Insurance (BFSI) segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The BFSI companies and chief information officers re-evaluate their restricted implementation of BPaaS solutions due to rising commercial and regulatory demands. Moreover, BFSI uses cloud computing which offers many benefits to businesses. These are the key major drivers that are expected to boost the growth of this segment in the Business Process-as-a-Service (BPaaS) market during the forecast period 2021-2027. Business Process-as-a-Service (BPaaS) Market 3

Business Process-as-a-Service (BPaaS) Market Regional Insights:

North America dominates the Business Process-as-a-Service (BPaaS) market during the forecast period 2021-2027. North America is expected to hold the largest market shares of xx% by 2027. This is due to the presence of major BPaaS service providers, and an increasing adoption rate of cloud computing in the North America region. Moreover, the wide range of availability of many businesses with an advanced IT infrastructure, increasing advancements in emerging technologies in the North America region. These are the major drivers that boost the growth of this region in the Business Process-as-a-Service (BPaaS) market during the forecast period 2021-2027. Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The rising adoption of Cloud computing technology and increasing demand for business process service in the region are the key factors that drive the growth of the Asia Pacific region in the Business Process-as-a-Service (BPaaS) market during the forecast period 2021-2027. The objective of the report is to present a comprehensive analysis of the Business Process-as-a-Service (BPaaS) Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Business Process-as-a-Service (BPaaS) Market dynamic, structure by analyzing the market segments and project the Business Process-as-a-Service (BPaaS) Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Business Process-as-a-Service (BPaaS) Market make the report investor’s guide.

Business Process-as-a-Service (BPaaS) Market Scope: Inquire before buying

Global Process-as-a-Service (BPaaS) Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 56.41 Bn.
Forecast Period 2021 to 2027 CAGR: 11.22% Market Size in 2027: US $ 118.75 Bn.
Segments Covered: by Business Process • Human Resource Management • Accounting and Finance • Sales and Marketing • Customer Service and Support • Procurement and Supply Chain Management • Operations • Others
by Organization Size • Small and Medium Sized Enterprises • Large Enterprises
by Vertical • Banking, Finicial Services, and Insurance (BFSI) • Telecommunication and IT • Manufacturing • eCommerce and Retail • Healthcare • Government • Others

Business Process-as-a-Service (BPaaS) Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Business Process-as-a-Service (BPaaS) Market Key Players

• Accenture (Republic of Ireland) • IBM (US) • Capgemini (France) • Cognizant Technology Solutions Corporation (US) • EXL (US) • Fujitsu (Japan) • Genpact (UK) • HCL (India) • Tata Consultancy Services (India) • Wipro (India) • Accenture (Republic of Ireland) • Canon • Oracle • SAP • NTT DATA Inc. • DXC Technology Company, • Open Text Corporation • ADP, Inc. • Alight • WNS (Holdings) Ltd.

Frequently Asked Questions:

1] What segments are covered in Business Process-as-a-Service (BPaaS) Market report? Ans. The segments covered in Business Process-as-a-Service (BPaaS) Market report are based on Business Process, Organization Size, and Vertical. 2] Which region is expected to hold the highest share in the Business Process-as-a-Service (BPaaS) Market? Ans. North America is expected to hold the highest share in the Business Process-as-a-Service (BPaaS) Market. 3] Who are the top key players in the Business Process-as-a-Service (BPaaS) Market? Ans. Accenture (Republic of Ireland), IBM (US), Capgemini (France), Cognizant Technology Solutions Corporation (US), EXL (US), and Fujitsu (Japan) are the top key players in the Business Process-as-a-Service (BPaaS) Market. 4] Which segment holds the largest market share in the Business Process-as-a-Service (BPaaS) market by 2027? Ans. Human Resource Management (HRM) segment hold the largest market share in the Business Process-as-a-Service (BPaaS) market by 2027. 5] What is the market size of the Business Process-as-a-Service (BPaaS) market by 2027? Ans. The market size of the Business Process-as-a-Service (BPaaS) market is US $118.75 Bn. by 2027. 6] What was the market size of the Business Process-as-a-Service (BPaaS) market in 2020? Ans. The market size of the Business Process-as-a-Service (BPaaS) market was worth US $56.41 Bn. in 2020.

Business Process-as-a-service (BPaaS) Market

1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. END-USER OVERVIEW 4.1. Value Chain Analysis 4.2. Key Trends 5. BUSINESS PROCESS-AS-A-SERVICE MARKET, BY BUSINESS PROCESS 5.1. Introduction 5.2. Business Process-as-a-Service Market, by Human Resource Management 5.2.1. Human Resource Management Market Overview 5.2.2. Human Resource Management Market Size & Forecast 5.3. Business Process-as-a-Service Market, by Accounting and Finance 5.3.1. Accounting and Finance Market Overview 5.3.2. Accounting and Finance Market Size & Forecast 5.4. Business Process-as-a-Service Market, by Sales and Marketing 5.4.1. Sales and Marketing Market Overview 5.4.2. Sales and Marketing Market Size & Forecast 5.5. Business Process-as-a-Service Market, by Customer Service and Support 5.5.1. Customer Service and Support Market Overview 5.5.2. Customer Service and Support Market Size & Forecast 5.6. Business Process-as-a-Service Market, by Procurement and Supply Chain Management 5.6.1. Procurement and Supply Chain Management Market Overview 5.6.2. Procurement and Supply Chain Management Market Size & Forecast 5.7. Business Process-as-a-Service Market, by Operations 5.7.1. Operations Market Overview 5.7.2. Operations Market Size & Forecast 5.8. Business Process-as-a-Service Market, by Others 5.8.1. Others Market Overview 5.8.2. Others Market Size & Forecast 6. BUSINESS PROCESS-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE  6.1. Introduction 6.2. Business Process-as-a-Service Market, by Small and Medium-Sized Enterprises 6.2.1. Small and Medium-Sized Enterprises Market Overview 6.2.2. Small and Medium-Sized Enterprises Market Size & Forecast 6.3. Business Process-as-a-Service Market, by Large Enterprises 6.3.1. Large Enterprises Market Overview 6.3.2. Large Enterprises Market Size & Forecast 7. BUSINESS PROCESS-AS-A-SERVICE MARKET, BY VERTICAL  7.1. Introduction 7.2. Business Process-as-a-Service Market, by Banking, Financial Services, and Insurance 7.2.1. Banking, Financial Services, and Insurance Market Overview 7.2.2. Banking, Financial Services, and Insurance Market Size & Forecast 7.3. Business Process-as-a-Service Market, by Telecommunication and IT 7.3.1. Telecommunication and IT Market Overview 7.3.2. Telecommunication and IT Market Size & Forecast 7.4. Business Process-as-a-Service Market, by Manufacturing 7.4.1. Manufacturing Market Overview 7.4.2. Manufacturing Market Size & Forecast 7.5. Business Process-as-a-Service Market, by Ecommerce and Retail 7.5.1. Ecommerce and Retail Market Overview 7.5.2. Ecommerce and Retail Market Size & Forecast 7.6. Business Process-as-a-Service Market, by Healthcare 7.6.1. Healthcare Market Overview 7.6.2. Healthcare Market Size & Forecast 7.7. Business Process-as-a-Service Market, by Government 7.7.1. Government Market Overview 7.7.2. Government Market Size & Forecast 7.8. Business Process-as-a-Service Market, by Others 7.8.1. Others Market Overview 7.8.2. Others Market Size & Forecast 8. BUSINESS PROCESS-AS-A-SERVICE MARKET, BY GEOGRAPHY  8.1. North America Business Process-as-a-Service Market 8.1.1. North America Business Process-as-a-Service Market, by Business Process 8.1.2. North America Business Process-as-a-Service Market, by Organization Size 8.1.3. North America Business Process-as-a-Service Market, by Vertical 8.1.4. North America Global Business Process-as-a-Service Market, by Region 8.1.4.1. U.S. Business Process-as-a-Service Market 8.1.4.2. Canada Business Process-as-a-Service Market 8.1.4.3. Rest of North America Business Process-as-a-Service Market 8.2. Europe Business Process-as-a-Service Market 8.2.1. Europe Business Process-as-a-Service Market, by Business Process 8.2.2. Europe Business Process-as-a-Service Market, by Organization Size 8.2.3. Europe Business Process-as-a-Service Market, by Vertical 8.2.4. Europe Business Process-as-a-Service Market, by Region 8.2.4.1. France Business Process-as-a-Service Market 8.2.4.2. Germany Business Process-as-a-Service Market 8.2.4.3. U.K .Business Process-as-a-Service Market 8.2.4.4. Rest of Europe Business Process-as-a-Service Market 8.3. Asia Pacific Business Process-as-a-Service Market 8.3.1. Asia-Pacific Business Process-as-a-Service Market, by Business Process 8.3.2. Asia-Pacific Business Process-as-a-Service Market, by Organization Size 8.3.3. Asia-Pacific Business Process-as-a-Service Market, by Vertical 8.3.4. Asia-Pacific Business Process-as-a-Service Market, by Region 8.3.4.1. China Business Process-as-a-Service Market 8.3.4.2. Japan Business Process-as-a-Service Market 8.3.4.3. India Business Process-as-a-Service Market 8.3.4.4. Australia Business Process-as-a-Service Market 8.3.4.5. South Korea Business Process-as-a-Service Market 8.3.4.6. Rest of Asia Pacific Business Process-as-a-Service Market 8.4. Middle East & Africa Business Process-as-a-Service Market 8.4.1. Middle East & Africa Business Process-as-a-Service Market, by Business Process 8.4.2. Middle East & Africa Business Process-as-a-Service Market, by Organization Size 8.4.3. Middle East & Africa Business Process-as-a-Service Market, by Vertical 8.4.4. Middle East & Africa Business Process-as-a-Service Market, by Region 8.4.4.1. North Africa Business Process-as-a-Service Market 8.4.4.2. South Africa Business Process-as-a-Service Market 8.4.4.3. GCC Business Process-as-a-Service Market 8.4.4.4. Egypt Business Process-as-a-Service Market 8.4.4.5. Nigeria Business Process-as-a-Service Market 8.4.4.6. Rest of Middle East & Africa Business Process-as-a-Service Market 8.5. Latin America Business Process-as-a-Service Market 8.5.1. Latin America Business Process-as-a-Service Market, by Business Process 8.5.2. Latin America Business Process-as-a-Service Market, by Organization Size 8.5.3. Latin America Business Process-as-a-Service Market, by Vertical 8.5.4. Latin America Business Process-as-a-Service Market, by Region 8.5.4.1. Brazil Business Process-as-a-Service Market 8.5.4.2. Argentina Business Process-as-a-Service Market 8.5.4.3. Columbia Business Process-as-a-Service Market 8.5.4.4. Mexico Business Process-as-a-Service Market 8.5.4.5. Rest of Latin America Business Process-as-a-Service Market 9. MARKET COMPETITION ANALYSIS 9.1 Market Share/Positioning Analysis 9.2 Key Innovators 9.3 Company Profiles 9.3.1 Accenture 9.3.1.1 Overview 9.3.1.2 Products/ End-User 9.3.1.3 Strategy 9.3.1.4 Key Developments 9.3.2 Cognizant Technology Solutions Corporation 9.3.2.1 Overview 9.3.2.2 Products/ End-User 9.3.2.3 Strategy 9.3.2.4 Key Developments 9.3.3 Capgemini 9.3.3.1 Overview 9.3.3.2 Products/ End-User 9.3.3.3 Strategy 9.3.3.4 Key Developments 9.3.4 EXL 9.3.4.1 Overview 9.3.4.2 Products/ End-User 9.3.4.3 Strategy 9.3.4.4 Key Developments 9.3.5 Fujitsu 9.3.5.1 Overview 9.3.5.2 Products/ End-User 9.3.5.3 Strategy 9.3.5.4 Key Developments 9.3.6 IBM 9.3.6.1 Overview 9.3.6.2 Products/ End-User 9.3.6.3 Strategy 9.3.6.4 Key Developments 9.3.7 HCL 9.3.7.1 Overview 9.3.7.2 Products/ End-User 9.3.7.3 Strategy 9.3.7.4 Key Developments 9.3.8 Tata Consultancy Services 9.3.8.1 Overview 9.3.8.2 Products/ End-User 9.3.8.3 Strategy 9.3.8.4 Key Developments 9.3.9 Genpact 9.3.9.1 Overview 9.3.9.2 Products/ End-User 9.3.9.3 Strategy 9.3.9.4 Key Developments 9.3.10. Wipro 9.3.10.1 Overview 9.3.10.2 Products/ End-User 9.3.10.3 Strategy 9.3.10.4 Key Developments 9.3.11. Accenture 9.3.12.Canon 9.3.13.Oracle 9.3.14.SAP 9.3.15.NTT DATA Inc. 9.3.16.DXC Technology Company, 9.3.17.Open Text Corporation 9.3.18.ADP, Inc. 9.3.19. Alight 9.3.20.WNS (Holdings) Ltd.  

About This Report

Report ID 672
Category Information Technology & Telecommunication
Published Date June 2019
Updated Date Oct 2021
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