“Global Business-Process-as-a-Service Market Research Report 2019-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global Business Process as a Service Market is valued at USD 4.8 billion in 2017 and is expected to reach USD 16.47 billion by 2023 and is expected to witness a growth of 22.81% during the forecast period (2018 – 2023).
Top leading companies are:-
ACCENTURE, WIPRO LIMITED, TECH MAHINDRA, COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION, CAPGEMINI, GENPACT, IBM CORPORATION, ORACLE CORPORATION, SAP SE, FUJITSU LIMITED, COMPUTER SCIENCE CORPORATION (CSC), ADP, LLC, XEROX ACS, NORTHGATEARINSO, and NUEVORA, amongst others.
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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.
In 2018, the building wall application dominated the market with a share of around 60%.
Scope of the Report
he BPaaS solution is a form of business process outsourcing that utilizes cloud computing service model to provide more feasibility and reduce overall operational costs. BPaaS provides executable business processes to clients over the internet, because of which it is increasingly being adopted by companies across the globe.
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Key Developments in the Market :-
- October 2017 – Wipro Digital, the digital business unit of Wipro Ltd, will acquire design and business strategy consultancy firm Cooper Software Inc for USD 8.5 million in an all-cash deal. The acquisition will strengthen Wipro Digitals design and innovation capabilities, expanding its reach in North America
Rising Need for the Reduction of Operational Costs and Improvement of Productivity :-
BPaaS provides companies the opportunity to use cloud software on a pay-per-use model, instead of having to invest on hardware and maintenance, which decreases the operational costs significantly when compared to conventional methods. Companies have also been identified to deploy BPaaS because of its increased mobility, as a company can access the solution from any geographical location.
BFSI Sector to Record Steady Growth during the Forecast Period :-
Companies across the insurance and banking sectors have been identified to deploy BPaaS solutions to gain productivity and efficiency in the fastest and safest way possible. BPaaS model is considered to be much faster than traditional on premise BPO models, making it more effective in the banking sector.
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Essential points covered in Global Business-Process-as-a-Service Market 2019 Research are:-
- Business-Process-as-a-Service Market Sales Overview.
- Business-Process-as-a-Service Market Sales Competition by Manufacturers.
- Business-Process-as-a-Service Market Sales Analysis by Region.
- Business-Process-as-a-Service Market Sales Analysis by Type.
- Business-Process-as-a-Service Market Analysis by Application.
- Business-Process-as-a-Service Market -Manufacturers Analysis.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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