BPaaS Market Enabling Technologies and Keyp

BPaaS Market
Enabling Technologies and Key Trends 2019-2022

In-depth study on BPaaS Market by MarketsandMarkets™
provides broad analysis on the basis of growth, applications and key players
which is useful for better decision making.

According to a new
market research report "BPaaS Market by Business Process (HRM,
Accounting and Finance, Sales and Marketing, Customer Service and Support,
Procurement and Supply Chain, Operations, and Legal and R&D), Organization
Size, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the Business Process as a
Service market expected to grow from $40.20 Billion in 2017 to $68.76 Billion
by 2022, at a Compound Annual Growth Rate (CAGR) of 11.3%.

The major drivers for the BPaaS Market are expected
to be the increase in the adoption rate of BPaaS by the Small and Medium-Sized
enterprises (SMEs), the increased focus on cost-effectiveness and lower Total
Cost of Ownership (TCO), and the need for business agility and a faster
time-to–market, leading to the increased deployment of BPaaS.

Browse in-depth TOC on "BPaaS Market”

73- Tables 

42- Figures

130- Pages

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Banking, Financial Services, and Insurance (BFSI)
vertical is expected to have the largest market share during the forecast
period

The BFSI vertical is expected to have the largest
market share during the forecast period, owing to the adoption of cloud
solutions in this segment, which is expected to have enhanced its focus on
achieving competences and rebalancing the expenses on systems, not in terms of
Capital Expenditure (CAPEX) but Operating Expenditure (OPEX). Furthermore, the
rising commercial and regulatory requirements are making the BFSI companies and
Chief Information Officers (CIOs) reconsider their restricted adoption of BPaaS
solutions.

SMEs segment is expected to grow at the fastest
rate during the forecast period

The SMEs segment is expected to grow at the fastest
rate during the forecast period, owing to the high adoption of BPaaS solutions.
The SMEs have realized their gain in operational efficiency and are able to
elevate their business requirements to achieve digital business
transformations. The implementation of BPaaS in the SMEs segment is expected to
result in decreased CAPEX, desired outcomes, and improved business efficiency.

North America is expected to hold the largest market
share during the forecast period

As per the geographic analysis, North America is
estimated to hold the largest market share during the forecast period. The
largest market share can be attributed to the presence of top BPaaS service
providers, the globalization of managed cloud services, and the high adoption
rate of cloud computing. North America constitutes developed economies, such as
the US and Canada. These countries are significantly advanced in terms of
technologies and its application deployments.

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The major vendors covered in the BPaaS Market
include Accenture (Republic of Ireland), IBM (US), Capgemini (France),
Cognizant (US), EXL (US), Fujitsu (Japan), Genpact (UK), HCL (India), TCS
(India), and Wipro (India).

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