Global Business Process-as-a-service Market 2024-2028
Business Process-As-A-Service Market 2024-2028
The business process-as-a-service market is forecasted to grow by USD 36.55 bn during 2023-2028, accelerating at a CAGR of 9.09% during the forecast period. The report on the business process-as-a-service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for more efficient business processes, increasing adoption of cloud-based solutions, and increasing demand for business process automation and digital transformation.
Technavio's business process-as-a-service market is segmented as below:
- By Service Type
- Customer service
- Finance and accounting
- Human Resource
- Procurement and supply chain
- Others
- By Customer Type
- Large Enterprises
- Small and Medium Enterprises
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing integration of internet of things (IoT) as one of the prime reasons driving the business process-as-a-service market growth during the next few years. Also, rising number of collaborations and partnerships by market vendors and emergence of ibpm will lead to sizable demand in the market.
The report on the business process-as-a-service market covers the following areas:
- Business process-as-a-service market sizing
- Business process-as-a-service market forecast
- Business process-as-a-service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business process-as-a-service market vendors that include Accenture PLC, ANGLER Technologies, Automation Anywhere Inc., Capgemini Service SAS, Cognizant Technology Solutions Corp., Conduent Inc., DXC Technology Co., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Oracle Corp., Outsource2india, Tata Consultancy Services Ltd., Tech Mahindra Ltd., ValueLabs, Vast Edge Inc., Virtusa Corp., and Wipro Ltd.. Also, the business process-as-a-service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.