The global business process as a service (BPaaS) market size
is expected to reach USD 72.25 billion by 2025, according to a new
report by Grand View Research, Inc., registering an 8.7% CAGR during the
forecast period. BPaaS ensures faster time to market (TTM) and enhanced
customer experience. It also offers start-to-end provision for various
business processes such as managing accounting and finance databases,
human resource and capital management, and customer services and
support. These platforms help in optimizing capital expenditures and
estimating operational expenses required at various stages of the
business process.
Accounting
and finance is expected to hold the largest share in the business
process as a service market in 2025. Owing to rising adoption of cloud
solutions, focus on accounting and finance has increased so as to
achieve proficiencies and rebalance expenses on the system. Large
enterprises are expected to dominate the market by way of organization.
These enterprises are mainly involved in systematic business operations
as it helps increase efficiency. They have dedicated teams and resources
to manage various business process, ensure operational costs are
reduced, and work toward bringing down total cost of ownership. These
benefits of BPaaS are also attracting small and medium enterprises to
increase uptake.
The BFSI application
segment is expected to hold the largest market share in 2025. This
growth is attributed to rising the need to balance and optimize
financial processes that help deliver revenue growth, improve margins,
and expand cash flow.
To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/business-process-as-a-service-bpaas-market
Further key findings from the report suggest:
- The global BPaaS market accounted for USD 32.66 billion in 2016 and is expected to expand at a CAGR of 8.7% from 2017 to 2025
- By organization, large enterprises emerged as the dominant segment in 2016 and the segment is estimated to generate just over USD 49.00 billion by 2025
- On the basis of business process, the customer service and support segment is anticipated to witness the fastest growth, exhibiting a CAGR of 9.6% over the forecast period
- North America held the largest share in the BPaaS market in 2016. Wide presence of leading BPaaS providers and lower total cost of ownership are expected to drive the regional market
- Key players include Cognizant, Capgemini, TCS, Wipro, Genpact, Fujitsu, Accenture, and EXL.
Grand
View Research has segmented the business process as a service market
report on the basis of business process, organization, application, and
region:
BPaaS Business Process Outlook (Revenue, USD Million, 2014 - 2025)
- Human Resource Management
- Accounting and Finance
- Sales and Marketing
- Customer Service and Support
- Procurement and Supply Chain
- Operations
- Others
BPaaS Organization Outlook (Revenue, USD Million, 2014-2025)
- Small and Medium Enterprises
- Large Enterprises
BPaaS Application Outlook (Revenue, USD Million, 2014 - 2025)
- BFSI
- Telecom & IT
- Manufacturing
- Ecommerce and retail
- Healthcare
- Government
- Others
BPaaS Regional Outlook (Revenue, USD Million, 2014 – 2025)
- North America
- US.
- Canada
- Europe
- UK.
- Germany
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Mexico
- Brazil
- Rest of South America
- Middle East & Africa
Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-business-process-as-a-service-bpaas-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment