Global Business Process as a Service (BPaaS) Market Growth (Status and Outlook) 2023-2029

Global Business Process as a Service (BPaaS) Market Growth (Status and Outlook) 2023-2029

Business process as a service (BPaaS) is providing business processing outsourcing (BPO) service through cloud services. BPaaS can cater various business process including horizontal and vertical business services. Now-a-days, the companies are looking for service oriented approach to fulfill their BPO services need which is one of the reasons cloud services has witnessed traction in its adoption globally. Companies are adopting BPaaS solutions to obtain competitive edge and distinguish themselves from their competitors by focusing on their core business.

LPI (LP Information)' newest research report, the “Business Process as a Service (BPaaS) Industry Forecast” looks at past sales and reviews total world Business Process as a Service (BPaaS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Business Process as a Service (BPaaS) sales for 2023 through 2029. With Business Process as a Service (BPaaS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business Process as a Service (BPaaS) industry.

This Insight Report provides a comprehensive analysis of the global Business Process as a Service (BPaaS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Business Process as a Service (BPaaS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business Process as a Service (BPaaS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business Process as a Service (BPaaS) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business Process as a Service (BPaaS).

The global Business Process as a Service (BPaaS) market size is projected to grow from US$ 31010 million in 2022 to US$ 48650 million in 2029; it is expected to grow at a CAGR of 6.6% from 2023 to 2029.

North America presents largest market opportunity for BPaaS service providers, in countries such as the U.S. and Canada, the growing desire to reduce the capital expenditure and improve operational efficiency is driving business organization to adopt BPaaS solutions.

In Asia-Pacific region, the growth of market is driven by expanding enterprise sector and broadband penetration in countries such as China and India. In Europe region, there is a growing need among the business organizations to deploy a holistic solutions that would address the total cost of service delivery rather than just operational cost. Business enterprises in Latin America and Middle East and Africa regions are adopting BPaaS solutions in order to overcome outdated technological glitches that reduce the effectiveness of business process.

This report presents a comprehensive overview, market shares, and growth opportunities of Business Process as a Service (BPaaS) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Private
Public

Segmentation by application
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Government
Manufacturing
Retail
IT & Telecom
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Accenture
IBM Corporation
Cognizant technology Solutions Corporation
Tech Mahindra Capgemini
Fujitsu Limited
Genpact
Oracle Corporation
SAP SE
Wipro Limited

Please note: The report will take approximately 2 business days to prepare and deliver.