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BPaaS Market Size Worth $72.25 Billion By 2025 | CAGR: 8.7%: Grand View Research, Inc.SAN FRANCISCO, March 5, 2018 /PRNewswire/ -- The global business process as a service (BPaaS) market size is expected to reach USD 72.25 billion by 2025, according to a new report by Grand View Research, Inc., registering an 8.7% CAGR during the forecast period. BPaaS ensures faster time to market (TTM) and enhanced customer experience. It also offers start-to-end provision for various business processes such as managing accounting and finance databases, human resource and capital management, and customer services and support. These platforms help in optimizing capital expenditures and estimating operational expenses required at various stages of the business process. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) Accounting and finance is expected to hold the largest share in the business process as a service market in 2025. Owing to rising adoption of cloud solutions, focus on accounting and finance has increased so as to achieve proficiencies and rebalance expenses on the system. Large enterprises are expected to dominate the market by way of organization. These enterprises are mainly involved in systematic business operations as it helps increase efficiency. They have dedicated teams and resources to manage various business process, ensure operational costs are reduced, and work toward bringing down total cost of ownership. These benefits of BPaaS are also attracting small and medium enterprises to increase uptake. The BFSI application segment is expected to hold the largest market share in 2025. This growth is attributed to rising the need to balance and optimize financial processes that help deliver revenue growth, improve margins, and expand cash flow. Browse full research report with TOC on "Business Process as a Service (BPaaS) Market Size, Share & Trends Analysis Report By Business Process, By Organization, By Application (BFSI, Telecom, Manufacturing, Healthcare, Government), And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/business-process-as-a-service-bpaas-market Further Key Findings From the Report Suggest:
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Grand View Research has segmented the business process as a service market report on the basis of business process, organization, application, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/technology About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com |