According to the new market research report by IndustryARC titled “Business Process as a Service Market:By Process(HR, Marketing, Finance, Accounting, Others); By Solutions(Platform, Services) By Deployment Model(Public, Private, Hybrid Cloud); By End-user(Large Enterprises & SMEs); By Industry(BFSI, IT, Healthcare, Consumer Goods, Others) – Forecast(2018 – 2023)” the market will be driven by the growing acceptance of technologies such as business analytics, process automation software, and social media platforms.
North America will dominate the Business Process as a Service Market in the forecast period. In the countries such as US and Canada, business organisations are using BpaaS solutions for reducing capital expenditure and enhancing the operational efficiency. The growth of the Asia Pacific market is due to the growth of the enterprise sector and broadband penetration in the countries such as India and China. Europe is also making use of BpaaS, since there is need among the business enterprises to find solutions that can reduce the cost of service delivery. Companies in Latin America, Middle East, and Africa are making use of business process as service to resolve technical glitches that hamper the effectiveness of the business process.
Selected Regulatory Analysis Done in the Full Report:
The banking, financial services, and insurance (BFSI) segment has the largest share in the market. This is due to the growing adoption of cloud computing, which has resulted in improving focus to enhance efficiency of the systemswhich propels the BFSI segment in the forecast period. Business process as a service has helped SMEs (small medium prised enterprises) and online retailers to improve their marketing and services. This factor will drive the application of business process solutions in the retail segment. Favourable government regulations will also bolster the growth of the retail segment.
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Selected Driving Factors Mentioned in the Full Report
•Reduced operational costs and faster time to market (TTM) will spur the growth of business process modeling tools.
•Prominence of cloud technology and globalization of markets will spur the demand for the business process management.
•Increase in IT spending and growing adoption of Bpaas in SMEs(small, medium, business enterprises) provides many opportunities to the Bpaas Market.
•Industry verticals such as BFSI, healthcare, retail and telecommunication & IT are using Bpaassolutions for improving their business and automation processes.
Key Players of the Business Process as a Service Market
The key players of the Bpaas Market include Cognizant Technology Solutions, Accenture, Computer Science Corporation, and Fujitsu Limited. Cognizant utilizes Bpaas to help organisations in meeting their demands with a business impact and flexibility. Accenture focuses on building an analytical platform which is industry specific or cross industry and can be configured to meet the requirements of the clients. Computer Science Corporation has announced its expansion of business process services to regions such as Kuala Lumpur, Malaysia, and Hong Kong.
The Business Process as a Service Market is Segmented as Indicated Below:
Increasing adoption of service models with suitable payment options will enhance the demand for the Bpaas Market.
A. Business Process as a Service Market By Process Type
1. Human Resource
3. Finance & Accounting
B. Business Process as a Service Market By Solution Type
1. Platform Solution
2. Services Solution
C. Business Process as a Service Market By Deployment Model
1. Public Cloud
2. Private Cloud
3. Hybrid Cloud
D. Business Process as a Service Market By End user
1. Large Enterprises
2. Small and Medium Enterprises (SMEs)
E. Business Process as a Service Market By Industry Vertical
1. Banking, Financial Service & Insurance (BFSI)
2. Supply Chain & Manufacturing
3. IT & telecommunication
5. Consumer Goods & Retail
F. Business Process as a Service Market By Geography (13+ countries)
G. Business Process as a Service Market Entropy
H. Company Profiles
1. Cognizant Technology Solutions Corp.
2. Accenture PLC
3. Computer Science Corporation
4. Fujitsu Limited
5. IBM Corporation
6. Oracle Corporation
7. SAP SE
10. ADP, LLC.
I. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
What can you expect from the report?
The Business Process as a Service Market Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
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