Learn about the global business process as a service (BPaaS) market through The Business Research Company, which provides information on BPaaS market size, BPaaS market drivers and restraints, BPaaS market players, the COVID-19 impact on the BPaaS market, and more.

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The global business process as a service (BPaaS) market is expected to grow from $66.28 billion in 2020 to $71.17 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $103.72 billion in 2025 at a CAGR of 9.9%.

The rising need for low operating costs is expected to drive innovation in business process as a service (BPaaS), thus driving the market during the forecast period.

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The Business Process a Service (BPaaS) market consists of sales of business process services through cloud based platform services. These can be any kind of business process solutions through the delivery of web-based services or cloud hosting services that benefits an organization to complete its business objectives and benefits business operations. BPaaS reduces the business costs of the operations by increased automations. It mixes Business Process Management (BPM) with one or more aspect of cloud deployment SaaS, PaaS, IaaS. Companies in BPaaS industry provides services on various platforms such as banking, advertising, marketing, industry operations and services, accounting and finance, customer service support and others.

Global Business Process As A Service (Bpaas) Market Segments Include:

By Process Type: HRM, Accounting & Finance, Sales & Marketing, Customer service support, Procurement and Supply Chain, Operations, Others

By End Users: Banking, financial service, & insurance (BFSI), Telecom & IT, Manufacturing, Ecommerce Retail, Healthcare, Governments, Others

By Deployment service Type: SaaS, PaaS, IaaS

By Stream: BPO, BPA, BPM

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The flexible pricing model is the most important trend for the business process as a service (BPaaS). Flexible pricing model helps the sellers to sell the service at a price based on the real time demand. This also helps the buyers to purchase the service at a price which is suitable to their need and demand. The buyers can demand the service according to their own needs and pay for them accordingly.

TBRC’s business process as a service (BPaaS) market report covers:

Major Market Players: Accenture, Wipro, Capegemini, Fujitsu and Genpact

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Business Process as a service (BPaaS) Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides business process as a service (BPaaS) market overviews, analyses and forecasts market size, share, BPaaS market players, BPaaS market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s business process as a service (BPaaS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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