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2017 BPaaS Market by Business Process, Organization Size, Vertical, and Region - Global Forecast to 2022 - Research and MarketsThe "BPaaS Market by Business Process (HRM, Accounting and Finance, Sales and Marketing, Customer Service and Support, Procurement and Supply Chain, Operations, and Legal and R&D), Organization Size, Vertical, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering. The BPaas Market Size is Expected to Grow from USD 40.20 Billion in 2017 to USD 68.76 Billion By 2022, at a CAGR of 11.3% The major drivers that are expected to increase the demand for the BPaaS market include the growing need to comply with regulations and the need for business agility and a faster time-to-market. The major restraining factor for the growth of the BPaaS market is expected to be the rising concern over data security. The customer service and support business process is expected to witness the highest growth rate during the forecast period, as organizations are seeking for transformation of their customer service operations by decreasing the operational costs, while dynamically scaling up the operations associated to smaller product life cycles. The large enterprises segment is expected to hold the largest market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX (News - Alert)). Large enterprises have dedicated in-house IT resources and larger IT budgets to consider the adoption of as-a-service models for their business processes. As per the geographic analysis, the APAC region is expected to witness the fastest growth in the BPaaS market, due to the increased adoption of BPaaS, owing to its agility, scalability, and efficient pay-per-usage benefits, with an enhanced cloud infrastructure and security. North America is expected to hold the largest market share, owing to the presence of the top BPaaS service providers, the globalization of managed cloud services, and the high adoption rate of cloud computing. The key BPaaS market vendors profiled in the report are as follows: 1. Accenture (Republic of Ireland) 3. Capgemini (France) 4. Cognizant (India) 5. EXL (US) 6. Fujitsu (Japan) 7. Genpact (News - Alert) (UK) 8. HCL (India) 9. TCS (India) 10. Wipro (India) Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Business Process As a Service Market, By Business Process 7 Business Process As a Service Market, By Organization Size 8 Business Process As a Service Market, By Vertical 9 Business Process As a Service, By Region 10 Competitive Landscape 11 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/xt79x5/2017_bpaas_market?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171221005687/en/ |
