Market Overview:
The global BPaaS market is expected to grow from USD 9.8 billion in 2018 to USD 34.2 billion by 2030, at a CAGR of 18.5% during the forecast period. The growth of the BPaaS market is driven by the need for faster and agile business processes, rising demand for cloud-based services, and increasing adoption of digital technologies across industries. However, data security concerns may restrain the growth of this market to some extent during the forecast period. Based on type, the private BPaaS segment is expected to account for a larger share of the global BPaaS market in 2018.
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Product Definition:
Business Process as a Service (BPaaS) is a delivery model for business processes. BPaaS providers offer pre-packaged or custom-built business processes as cloud services. Customers can use these services to automate and improve the efficiency of their own operations.
Private:
Private is a business process as a service (BPaaS) that allows users to run their processes in the background without making them public. It also helps in securing sensitive data by masking the identity of end-users and their locations. The primary benefit of using private BPaaS is that it allows companies to scale up their services while keeping operational costs low, which makes it more attractive than other solutions available in the market.
Public:
Public and it's usage in Business Process as a Service (BPaaS) market is used by an organization to share information with other organizations or person to person. It can be used for various purposes such as online ordering, reservations, purchases, sales order processing etc.
Application Insights:
The BPaaS market is segmented by application into banking, financial services, and insurance (BFSI), healthcare, government, manufacturing and retail. The BFSI sector accounted for the largest share in 2017 owing to the increasing demand from small & medium-sized businesses (SMBs) for various business processes such as revenue cycle management. The segment is also anticipated to register a significant growth rate over the forecast period due to its ability to offer cost-efficient solutions while improving operational efficiency.
BPaaS helps SMBs in streamlining their operations through digitization of business processes that were previously done manually thus enabling them offer more efficient service delivery while reducing costs. It also helps reduce time consumption required for processing routine tasks thereby offering better productivity at a lower price tag than traditional on-premise software applications or cloud computing with on-site hardware installations.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing adoption of cloud-based technologies, high demand for mobile and web-based applications, and growing need for digital transformation. Moreover, presence of a large number of market players is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments by various governments in developing countries such as India and China along with other South East Asian countries.
Growth Factors:
- Increased demand for faster and more efficient business processes: As businesses strive to become more agile and responsive to the ever-changing market conditions, they are increasingly turning to BPaaS solutions that can help them streamline their business processes.
- Growing popularity of cloud-based solutions: BPaaS is a natural extension of the cloud computing trend, with businesses looking for ways to move their applications and data into the cloud for greater efficiency and scalability.
- Rapid proliferation of mobile devices: With employees now using a variety of mobile devices such as smartphones and tablets for work, there is an increased demand for BPaaS solutions that can provide seamless access from any device anywhere at any time.
- Emergence of big data analytics: The massive growth in data volumes generated by businesses has led to the emergence of big data analytics, which can help organizations make better decisions by extracting valuable insights from all this data. BPaaS solutions that include big data analytics capabilities can enable businesses to take advantage of this powerful technology quickly and easily.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Process as a Service (BPaaS) Market Research Report
By Type
Private, Public
By Application
Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Manufacturing, Retail, IT & Telecom, Others
By Companies
Accenture, IBM Corporation, Cognizant technology Solutions Corporation, Tech Mahindra Capgemini, Fujitsu Limited, Genpact, Oracle Corporation, SAP SE, Wipro Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Business Process as a Service (BPaaS) Market Report Segments:
The global Business Process as a Service (BPaaS) market is segmented on the basis of:
Types
Private, Public
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Manufacturing, Retail, IT & Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- IBM Corporation
- Cognizant technology Solutions Corporation
- Tech Mahindra Capgemini
- Fujitsu Limited
- Genpact
- Oracle Corporation
- SAP SE
- Wipro Limited
 Market Overview.svg)
Highlights of The Business Process as a Service (BPaaS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Private
- Public
- By Application:
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Government
- Manufacturing
- Retail
- IT & Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Process as a Service (BPaaS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
BPaaS is a cloud-based platform that enables organizations to manage their business processes more efficiently. BPaaS can automate tasks and interactions between different parts of an organization, making it easier for employees to work together.
Some of the major companies in the business process as a service (bpaas) market are Accenture, IBM Corporation, Cognizant technology Solutions Corporation, Tech Mahindra Capgemini, Fujitsu Limited, Genpact, Oracle Corporation, SAP SE, Wipro Limited.
The business process as a service (bpaas) market is expected to register a CAGR of 18.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Process as a Service (BPaaS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Process as a Service (BPaaS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Process as a Service (BPaaS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Process as a Service (BPaaS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Process as a Service (BPaaS) Market Size & Forecast, 2018-2028
4.5.1 Business Process as a Service (BPaaS) Market Size and Y-o-Y Growth
4.5.2 Business Process as a Service (BPaaS) Market Absolute $ Opportunity
Chapter 5 Global Business Process as a Service (BPaaS) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Process as a Service (BPaaS) Market Size Forecast by Type
5.2.1 Private
5.2.2 Public
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Process as a Service (BPaaS) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Process as a Service (BPaaS) Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance (BFSI)
6.2.4 Healthcare
6.2.5 Government
6.2.6 Manufacturing
6.2.7 Retail
6.2.8 IT & Telecom
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Process as a Service (BPaaS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Process as a Service (BPaaS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Process as a Service (BPaaS) Analysis and Forecast
9.1 Introduction
9.2 North America Business Process as a Service (BPaaS) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Process as a Service (BPaaS) Market Size Forecast by Type
9.6.1 Private
9.6.2 Public
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Process as a Service (BPaaS) Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance (BFSI)
9.10.4 Healthcare
9.10.5 Government
9.10.6 Manufacturing
9.10.7 Retail
9.10.8 IT & Telecom
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Process as a Service (BPaaS) Analysis and Forecast
10.1 Introduction
10.2 Europe Business Process as a Service (BPaaS) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Process as a Service (BPaaS) Market Size Forecast by Type
10.6.1 Private
10.6.2 Public
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Process as a Service (BPaaS) Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance (BFSI)
10.10.4 Healthcare
10.10.5 Government
10.10.6 Manufacturing
10.10.7 Retail
10.10.8 IT & Telecom
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Process as a Service (BPaaS) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Process as a Service (BPaaS) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Process as a Service (BPaaS) Market Size Forecast by Type
11.6.1 Private
11.6.2 Public
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Process as a Service (BPaaS) Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance (BFSI)
11.10.4 Healthcare
11.10.5 Government
11.10.6 Manufacturing
11.10.7 Retail
11.10.8 IT & Telecom
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Process as a Service (BPaaS) Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Process as a Service (BPaaS) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Process as a Service (BPaaS) Market Size Forecast by Type
12.6.1 Private
12.6.2 Public
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Process as a Service (BPaaS) Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance (BFSI)
12.10.4 Healthcare
12.10.5 Government
12.10.6 Manufacturing
12.10.7 Retail
12.10.8 IT & Telecom
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Process as a Service (BPaaS) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Process as a Service (BPaaS) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Process as a Service (BPaaS) Market Size Forecast by Type
13.6.1 Private
13.6.2 Public
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Process as a Service (BPaaS) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance (BFSI)
13.10.4 Healthcare
13.10.5 Government
13.10.6 Manufacturing
13.10.7 Retail
13.10.8 IT & Telecom
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Process as a Service (BPaaS) Market: Competitive Dashboard
14.2 Global Business Process as a Service (BPaaS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 IBM Corporation
14.3.3 Cognizant technology Solutions Corporation
14.3.4 Tech Mahindra Capgemini
14.3.5 Fujitsu Limited
14.3.6 Genpact
14.3.7 Oracle Corporation
14.3.8 SAP SE
14.3.9 Wipro Limited
