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Global Business-Process-as-a-Service Market Insights with Major Players Accenture, Wipro Limited, Tech Mahindra, Cognizant, Capgemini, Genpact

04-10-2020 09:13 AM CET | IT, New Media & Software

Press release from: Market Reports World

Global Business-Process-as-a-Service Market Insights with

Global report on Business-Process-as-a-Service Market 2020-2023 mainly presents value, growth, volume and market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all key attributes analysis and opinion for Business-Process-as-a-Service industry. The research provides strategically important competitor insights to formulate effective RandD strategies. Likewise, the report reviews key companies involved in Business-Process-as-a-Service and enlists all their major and minor projects. The objectives of this study are to define, segment, and project the size of the Business-Process-as-a-Service market based on company, product type, end user and key regions.

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The global Business Process as a Service Market is valued at USD 4.8 billion in 2019 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 Manufacturers Listed in the Business-Process-as-a-Service Market Report are:
o Accenture
o Wipro Limited
o Tech Mahindra
o Cognizant Technology Solutions Corporation
o Capgemini
o Genpact
o IBM Corporation
o Oracle Corporation
o SAP SE
o Fujitsu Limited
o Computer Science Corporation (CSC)
o ADP
o Xerox ACS
o Northgatearinso
o Nuevora

Detailed Overview about Business-Process-as-a-Service Market:
The 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. On the other hand, adequate integration of IT services in companies might act as a challenge to the growth of the market. However, this scenario is expected to change during the forecast period, with companies developing improved IT infrastructures.

The market has tremendous expansion opportunities during the forecast period owing to favorable support from government's worldwide and increased adoption of cloud-based business process outsourcing (BPO) model, especially by small and medium-sized enterprise (SMEs). Growing adoption of cloud-based services by SMEs has increased the demand for customized standard applications, used to meet specific business needs. Enterprises are moving their business process to the cloud to gain a competitive advantage across all major verticals in the emerging market. Cloud integration also ensures compliance with regulatory standards.

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. This approach provides enterprises the opportunity to grow and expand at a much faster rate without considerable infrastructural costs, while improving the productivity of an enterprise. Across the world, various organizations have initiated the deployment of BPaaS solutions, to increase productivity, decrease cost, and improve scalability, while offering reliable security. The BPaaS solutions allowed some organizations to save up to USD 40 million of TCO each, by harnessing synergies from productization of services and eliminating waste, thereby, prompting other

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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Business-Process-as-a-Service market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added. Business-Process-as-a-Service market forecast For the period of 2020-2023, this study provides the Business-Process-as-a-Service sales, revenue and market share for each player covered in this report.

Reasons to Purchase the Business-Process-as-a-Service Market Report:

- The report analyses how the shift towards safety will drive the global Business-Process-as-a-Service market.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Business-Process-as-a-Service Market growth during the forecast period.
- Identify the latest developments,Business-Process-as-a-Service market shares and strategies employed by the major market players.
- Analyzing what will be the Business-Process-as-a-Service Market size.

Major Points from Table of Contents:
1. Introduction

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definition

1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

4.1 Market Overview

4.2 Factors Driving the Market

4.2.1 Growing demand for cloud services and standard operating processes

4.2.2 Rising Need for the Reduction of Operational Costs and Improvement of Productivity

4.3 Factors Restraining the Market

4.3.1 Data security and privacy concerns

4.3.2 Lack of awareness and domain expertise

4.4 Industry Attractiveness - Porter's Five Industry Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products or Services

4.4.5 Competitive Rivalry among Existing Competitors

5. Global Business Process As A Service Market Segmentation

5.1 By Process

5.1.1 Human Resource Management

5.1.2 Accounting & Finance

5.1.3 Sales & Marketing

5.1.4 Supply Chain Management

5.1.5 Operations

5.1.6 Others

5.2 By Organization

5.2.1 Small and Medium Enterprises

5.2.2 Large Enterprises

5.3 By End-user

5.3.1 BFSI

5.3.2 IT & Telecom

5.3.3 Manufacturing

5.3.4 E-Commerce & Retail

5.3.5 Healthcare

5.3.6 Government

5.3.7 Others

5.4 By Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.2 Europe

5.4.2.1 United Kingdom

5.4.2.2 Germany

5.4.2.3 France

5.4.2.4 Russia

5.4.2.5 Others

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 India

5.4.3.3 Japan

5.4.3.4 Others

5.4.4 Latin America

5.4.5 Middle East & Africa

6. Competitive Intelligence - Company Profiles

6.1 Accenture

6.2 Wipro Limited

6.3 Tech Mahindra

6.4 Cognizant Technology Solutions Corporation

6.5 Capgemini

6.6 Genpact

6.7 IBM Corporation

6.8 Oracle Corporation

6.9 SAP SE

6.10 Fujitsu Limited

6.11 Computer Science Corporation (CSC)

6.12 ADP

6.13 Xerox ACS

6.14 Northgatearinso

6.15 Nuevora

7. Investment Analysis

8. Outlook of Business Process As A Service Market

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