Business-Process-As-A-Service (BPaaS) Market Competition Analysis by Type, Region Forecast 2023

This report provides in depth study of “Business-Process-As-A-Service (BPaaS) Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Business-Process-As-A-Service (BPaaS) Market report also provides an in-depth survey of key players in the market organization.

Global Business-Process-As-A-Service (BPaaS) Market Overview:

According to market analysts, Global Business-Process-As-A-Service (BPaaS) Market is projected to grow at a high CAGR value from 2019 to 2023.

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The Global Business-Process-As-A-Service (BPaaS) Market research report is the study prepared by analysts, which contain a detailed analysis of drivers, restraints, and opportunities along with their impact on the Business-Process-As-A-Service (BPaaS) Market growth.

The main driver of BPaaS market is growing need to improve business process agility at minimum cost. In addition, growing acceptance of technologies such as cloud computing, business analytics, social media platforms, and process automation software are contributing to the growth of the market.

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.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors challenges which will define the future growth of the market.

The Business-Process-As-A-Service (BPaaS) Market is segmented based on application, deployment model (private, public, and hybrid), industry vertical and regions.

On the basis of application, the market is sub-segmented into HR service, finance & accounting service, analytics, supply chain management, digital asset management, and others. By industry vertical, it is classified into banking, financial service & insurance (BFSI), healthcare, government, manufacturing, retail, IT & telecom, and others.

Regionally, this report is segmented into several key Regions (North America, South America, Asia-Pacific, Europe), with revenue, market share and growth rate of Captioning and Subtitling Solutions in these regions, from 2019 to 2023. Asia-Pacific is expected to register highest CAGR in the near future, and countries such as China and Japan are emerging region for the vendors in the BPaaS market.

Key players covered: IBM, SAP SE, Oracle, Accenture Capgemini, Fujitsu, TCS, Cognizant, Genpact,  EXL, HCL, Wipro.

Industry Update:

April 17, 2019 – Accenture (NYSE: ACN) has again been named a leader in business mortgage processing outsourcing (BPO) by industry analyst firm Everest Group.

For its report, “Mortgage BPO – Service Provider Landscape with Services PEAK Matrix™ Assessment 2019,” Everest Group analyzed 20 mortgage business process outsourcing (BPO) service providers based on two key dimensions: (1) Vision & capability (the ability to deliver services successfully); and (2) Market impact.

Accenture was ranked highest in Vision & capability and among the top three in terms of market impact. Accenture was previously recognized as a leader in Everest’s Mortgage BPO– Service Provider Landscape with Services PEAK Matrix™ Assessments in 2017 and 2015.

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This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data, revenue estimations are presented and forecasts from 2019 till 2023.

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