Impact Analysis of Covid-19
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The Global Business Process as a Service (BPAAS) Market was valued at USD 2.09 billion in 2016 and is projected to reach USD 13.36 billion by 2025, growing at a CAGR of 22.9% from 2017 to 2025.
Business Process as a Service (BPaaS) is a type of horizontal or vertical business process that is delivered based on the cloud services model. These cloud services include Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). An organization can select a process that matches business policy that can be used in many different applications. BPaaS can be used as per the organization needs; it supports multiple languages and multiple deployment environments that can handle massive scaling.
1. Market Drivers
1.1 Growing Demand for BPaaS Services
1.2 Increase in Adoption of Cloud across several industry
1.3 Need for low cost IT Infrastructure
2. Market Restraints
2.1 Concerns for Data Security over Cloud
2.2 Lack of IT Skills and Knowledge
The Global Business Process as a Service (BPAAS) market is segmented on the basis of application, deployment model, verticals, organization size, and region.
1. By Application:
1.2 Supply Chain Management
1.3 Human Resource,
1.4 Finance and Accounting Service
1.5 Digital Asset Management
1.6 Sales Services
2. By Deployment Model:
2.1 Private Cloud
2.2 Public Cloud
2.3 Hybrid Cloud
3. By Vertical:
3.2 Banking, Financial Services, and Insurance
3.3 Supply Chain & Manufacturing
3.4 Consumer Goods and Retail
3.5 Communication Technology
4. By Organization Size:
4.1 Large Companies
4.2 Mid-sized Companies
4.3 Small Companies
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
The major players in the market are as follows:
1. Cognizant Technologies
7. Fujitsu Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Business Process as a Service (BPAAS) Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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