The Business Process as a Service (BPaaS) is a cloud computing service in which the business process outsourcing services are delivered to the costumers using this cloud model. There is high demand for these services to reduce the labor lost and to integrate with changing business environments. There is high scope for the Business Process as a Service (BPaaS) Market in various regions across the globe during 2016-2021.
Scope and Regional Forecast of the Business Process as a Service (BPaaS) Market:
According to the IndustryARC research analysis studies on the Business Process as a Service (BPaaS) Market, the growth of corporations is driving the demand with increasing investment for building cloud infrastructure for using cloud services.
North America and Europe are expected to have high growth in the Business Process as a Service (BPaaS) Market suggests IndustryARC analytics with high investment by companies for development of the centralized cloud service system for enabling this business outsourcing model during 2016-2021.
Asia Pacific is expected to have high growth in the Business Process as a Service (BPaaS) Market with many companies investing for the growth of this market. India is one of the fast growing markets of this region during 2016-2021.
The Business Process as a Service (BPaaS) Market is a rapidly developing market with increasing adoption of BPO services in different business sectors and domains in various regions across the globe. This market is estimated to have high growth owing to the increasing scope of business process outsourcing services that can be implemented to different business models using centralized cloud, expanding outsourcing process and services by enterprises and high demand for BPO outsourcing services in various regions across the globe during 2016-2021.
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Segmentation and Key Players of the Business Process as a Service (BPaaS) Market:
The Business Process as a Service (BPaaS) Market is segmented into various categories in the IndustryARC marketing research report by process type, by solution type, by deployment model, by end user, by industry vertical and by geography as follows:
By process type: Human Resource, Marketing, Finance & Accounting, Sales, Operations and others
By solution type: Platform Solution, Services Solution
By deployment model: Public Cloud, Private Cloud and Hybrid Cloud
By end user: Large Enterprises, Small and Medium Enterprises (SMEs)
By industry vertical: Banking, Financial Service & Insurance (BFSI), Supply Chain & Manufacturing, IT & telecommunication, Healthcare, Consumer Goods & Retail, Government and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Business Process as a Service (BPaaS) Market according to the IndustryARC research report are as follows:
- Cognizant Technology Solutions Corp.
- Accenture PLC
- Computer Science Corporation
- Fujitsu Limited
- IBM Corporation
Many corporations are opting for process outsourcing to expand their business and cut down the resources needed in various regions across the globe during 2016-2021.
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