The Global Business Process-as-a-Service (BPaaS) Market is forecast to reach USD 120.70 Billion by 2026, according to a new report by Reports and Data. Business Process-as-a-Service (BPaaS) refers to the web-delivered or the cloud hosting models, delivered by the business process outsourcing (BPO) companies and serve multiple tenants across most of the industry verticals. The delivered functions might derive from any of cloud-based Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Services (IaaS) models in general. The global business process-as-a-service (BPaaS) market is growing predominantly as all the industries are slowly moving towards adopting the cloud-based on-demand BPaaS models. BPaaS, has, in turn, made the traditional process of outsourcing models more flexible, clean, accessible, and affordable by lowering down the up-front additional investment costs.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Business Process-as-a-Service (BPaaS) market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Business Process-as-a-Service (BPaaS) business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Business Process-as-a-Service (BPaaS) in the coatings and paints are driving the market. The increasing usage of bio-based Business Process-as-a-Service (BPaaS) will also supplement Business Process-as-a-Service (BPaaS) market revenue share through 2027
Further key findings from the report suggest
Large enterprises would continue dominating the market during the forecast period by getting engaged in several projects which would require services on the financial and technical process. Employing in the backend operation would include extra workforce and unnecessary R&D cost and times. The growth rate for the large enterprise is forecasted to be 12.0% throughout the period 2019 – 2026.
Finance management services sub-segment had a market share of 24.4% and would grow at a CAGR of 13.2% in the forecast period. The BPaaS finance services are purchased by the BFSI solutions and other vendors to deal with operations such as payment security, investment banking, accountancy support, and others.
Infrastructure-as-a-Service (IaaS) is expected to reach a market share of 34.4% by 2026, having grown at a CAGR of 13.9% during the forecast period. The internet-based service delivery of underlying network infrastructure such as physical computing resources, data partitioning, scaling, security services, and others are propelling market demand.
North America is leading the global market, with 37.6% of market possession in 2018 and would continue dominating the global market with a CAGR of 12.7% during the forecast period. The United States holds the highest market share amongst all the countries worldwide.
Competitive Terrain:
The global Business Process-as-a-Service (BPaaS) market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Business Process-as-a-Service (BPaaS) market are listed below:
Microsoft Corporation, Tata Consultancy Service, HCL Technologies, Genpact, Accenture plc, Wipro, IBM Corporation, Oracle, Concentrix, and Infosys BPM.
Business Application Outlook (Revenue: USD Billion; 2016-2026)
Human Resourcing, Sales & Marketing, Finance Management, IT & Logistics, Operation Management, Support & Service
Component Outlook (Revenue: USD Billion; 2016-2026)
Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS)
Organization Size Outlook (Revenue: USD Billion; 2016-2026)
Large Enterprises, SMEs
End-Use Industries Outlook (Revenue: USD Billion; 2016-2026)
BFSI, IT & Telecommunication, Retail & E-commerce, Government & Public Sectors, Transportation & Logistics, Healthcare Sectors, Manufacturing Industries, Others
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Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Business Process-as-a-Service (BPaaS) Market Segmentation & Impact Analysis
Chapter 5. Business Process-as-a-Service (BPaaS) Market By Business Application Insights & Trends
Chapter 6. Business Process-as-a-Service (BPaaS) Market By Component Insights & Trends
Chapter 7. Business Process-as-a-Service (BPaaS) Market By Organization Size Insights & Trends
Chapter 8. Business Process-as-a-Service (BPaaS) Market By End-Use Industries Insights & Trends
Chapter 9. Business Process-as-a-Service (BPaaS) Market Regional Outlook
Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
Chapter 11. Company Profiles
11.1. Microsoft Corporation
11.2. Tata Consultancy Service
11.3. HCL Technologies
11.4. Genpact
11.5. Accenture plc
11.6. Wipro
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